2. Key Results
Expanding business
Merchants Service (non-eBay Marketplaces related) volume
increases to 87.3%
Available for domestic customers in India
Venmo TPV rise 80%
Concerns on earning profit in Venmo
No M&A plans
Return cash to shareholders by share buyback
Adjust 2018 Year Guidance with higher revenue and EPS
Keep Finding strategic partners, e.g. banks
Ease concerns over losing eBay
Make little money from P2P transactions, which cause lower take rate
Prioritize capital allocations first as investing for growth (M&A activity or return cash to shareholders
Cryptos may be used in the future
Key Driver: active accounts
The total payment volume is growing
The total take rate is decreasing (P2P growth)
The transaction and loan loss rate decrease (Loan losses decreased due primarily to the designation of our U.S. consumer credit portfolio as held for sale, partially offset by an increase in our PayPal Working Capital loans and Swift business loans receivable balance, transaction loss increased due to increase in TPV)
Beating the guidance over past quarters
Other payment company, e.g. Visa, MA, AE, Global payment decrease on 27/4