PayPal Beats Estimates, Launches Cost-Cutting Plan

PayPals Q1 2026 earnings surpass expectations, with revenue up 7% and adjusted EPS at $1.34. Payment volumes rise 11% to $463.95 billion, and active accounts grow 1% to 439 million. New CEO Enrique Lores plans a $1.5 billion cost-cutting plan and restructures into three units. Despite beating estimates, shares drop 9% post-earnings call. Lores aims to boost growth and simplify operations. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/92e2d95f9d834e35

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