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PayPal excites investors as partnerships deliver strong growth

Q1 results above projections indicate CEO's strategy to convert into a digital wallet is working

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Published Thu, Apr 27, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Seattle

    PAYPAL Holdings Inc chief executive officer Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that diminishes profit margins.

    The company reported first-quarter results on Wednesday that appear to show that Mr Schulman's strategy is working, and raised its annual forecast.

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