We’re coming into the thick of fintech earnings season and within the final 24 hours, now we have seen earnings from two fintech pioneers: PayPal and Adyen.

They inform very totally different tales. 

PayPal reported after the bell yesterday and traders weren’t happy. CEO Alex Chriss has solely been within the job just a few months however that is the second setback within the final month following the disastrous “shock the world” assertion.

The principle problem was the ahead steerage as the corporate implied it is not going to see significant enchancment in development or income this yr.

Distinction that with Adyen. The European on-line funds large reported sturdy development and higher than anticipated revenue numbers in 2023. It has additionally slowed hiring to guard its margins.

Buyers cherished Adyen’s outcomes and shares had been up 22% in buying and selling on Thursday whereas PayPal was down 11% as of this writing.

Featured

> Stripe rival Adyen’s shares soar 22% as European funds large posts revenue beat, slows hiring

By Ingrid Lunden

Shares of European on-line funds large Adyen popped after the agency reported sturdy gross sales development and better-than-expected revenue numbers for 2023.

> PayPal tumbles as flat revenue development forecast in 2024 clouds technique shift

www.reuters.com

PayPal shares fell 9% in early buying and selling on Thursday after it forecast a flat adjusted revenue for 2024, disappointing traders who had hoped the funds agency’s newly appointed CEO will reignite its development.

From Fintech Nexus

> Fintech Kueski takes BNPL to Amazon Mexico

By David Feliba

Mexican fintech Kueski introduced a partnership with Amazon to supply BNPL on its market, a primary for the retail large in Mexico.

> Navigating the Surge in Subscription Declines: An Business Insider’s View

By Tony Allen

With a surge in subscription declines what’s a client subscription enterprise or a SaaS platform to do? There are steps you’ll be able to take to lower losses.

Editorial Cartoon

Additionally Making Information

To sponsor our newsletters and attain 220,000 fintech fans along with your message, contact us right here.