=PayPal (PYPL) reported earnings on Wed 31 January 2018 (a/h)

PayPal beats by $0.03, beats on revs; guides Q1 EPS in-line, revs above consensus; guides FY17 EPS and revs above consensus 

• Reports Q4 (Dec) earnings of $0.55 per share, $0.03 better than the Capital IQ Consensus of $0.52; revenues rose 25.6% year/year to $3.74 bln vs the $3.64 bln Capital IQ Consensus.
  • PayPal processed $131 billion in TPV in the fourth quarter, representing growth of 32%, or 29% on an FX-neutral basis. Merchant Services TPV grew 36%, or 33% on an FX-neutral basis, and represented 87% of overall TPV for the quarter. eBay volume grew 10%, or 7% on an FX-neutral basis, and represented approximately 13% of overall TPV for the fourth quarter versus approximately 16% a year ago. Person-to-Person (P2P) volume grew 50% to approximately $27 billion, and represented approximately 20% of TPV in the fourth quarter. Venmo, the company's social payments platform, processed $10.4 billion in payment volume in the fourth quarter, an increase of 86% year over year, and for the first time surpassed $10 billion in payment volume processed in a quarter. For the full year, Venmo's volume increased 97% with approximately $35 billion in payment volume processed.
• Co issues guidancefor Q1, sees EPS of $0.52 to $0.54 vs. $0.54 Capital IQ Consensus Estimate; sees Q1 revs of $3.58 bln to $3.63 bln vs. $3.55 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, sees EPS of $2.24 to $2.30 vs. $1.87 Capital IQ Consensus Estimate; sees FY17 revs of $15.00 bln to $15.25 bln vs. $12.98 bln Capital IQ Consensus Estimate.