PayPal Holdings, Inc. (NASDAQ:PYPL) posted Q1 revenue growth and an EPS beat while management pushes Checkout, Venmo, Crypto and $1.5B AI savings as buyout interest from Stripe/Advent and Truist’s upgrade hinge on its turnaround milestones; PYPL also joined Sky Protocol’s BUIDL fund.
Previous Week Recap
- PayPal Q1 Revenue Beat, EPS 1.34: PayPal (PYPL) Q1: revenue +7.2% YoY, EPS $1.34 beat. Management reiterates focus on Checkout/PayPal, Consumer Financial Services/Venmo, Payments/Crypto and $1.5B AI automation savings target.
- Potential Bidders: Stripe, Advent: Buyout talks for PayPal (PYPL) name Stripe and Advent as potential bidders. Buyers may have about $17B equity and $50B debt capacity. Valuations tied to PayPal’s turnaround milestones.
- Truist Downgrades to Hold: Truist upgraded PayPal Holdings (PYPL) from Sell to Hold, updating its recommendation for the stock.
- Invests In Sky Protocol Fund: PayPal (PYPL) is listed as an investor in Sky Protocol’s BUIDL fund, participating in the same funding round disclosed in Sky Protocol’s quarterly results.
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