PayPal (PYPL) posted quarterly profits that matched analysts’ estimates as CEO Dan Schulman expanded the company’s market share by offering customers more payment options through partnerships like its deals with rivals Visa (V) andMasterCard (MA).
Adjusted earnings were 35 cents a share for the three months through September, while revenue rose 18% to $2.67 billion, beating the FactSet consensus estimate of $2.65 billion.
“The opportunities for PayPal to grow and gain share have never been greater,” Schulman said in a statement. “We are further expanding the ubiquity and value of the PayPal brand and moving deliberately towards achieving our vision of becoming an everyday, essential financial service for people around the world.”
