PayPal Forges AI Alliance Following Strong Quarterly Performance
PayPal Holdings announced a partnership with OpenAI, positioning the digital payment leader at the forefront of artificial intelligence-driven commerce.
Financial Performance Exceeds Projections
The payment processor delivered robust third-quarter results, with non-GAAP earnings per share reaching $1.34, exceeding the $1.19 consensus estimate.
- Revenue demonstrated healthy growth, climbing 7% year-over-year to reach $8.4 billion.
- Management raised its full-year guidance, anticipating non-GAAP EPS in the range of $5.35 to $5.
Partnership with OpenAI positions PayPal at the forefront of AI-driven commerce.
Author's summary: PayPal partners with OpenAI after strong Q3 performance.
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