Is the "Pay with PayPal" button dying?: Q4 2025 earnings - 2.3.2026 (046)

On paper, PayPal beat earnings estimates. In reality, the stock just suffered a brutal sell-off, closing near session lows. Why the disconnect? In this episode, Susie and Miro peel back the layers of a quarter that felt less like a growth report and more like a warning signal. While the headline EPS number looked strong, we uncover how a massive drop in the effective tax rate masked the reality: the company’s core profit engine, "Branded Checkout," has stalled to just 1% growth.We dig into the "K-shaped" economic headwinds crushing PayPal’s user base and management’s sudden, futuristic pivot to "Agentic Commerce" (yes, robots buying things for you) as they acquire Cymbio. With the 2027 long-term guidance explicitly pulled and a new CEO walking into what looks like a demolition site, is PayPal a deep value play or a legacy giant running out of steam? Tune in as we separate the accounting tricks from the structural problems. 📉🤖