"PayPal ( NASDAQ:PYPL ) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations . Adjusted earnings came in at $1.23 per share, below the $1.29 consensus estimate, while revenue reached $8.68 billion against forecasts of $8.79 billion. The shortfall stemmed from softer consumer spending and slower growth in its branded checkout business, which rose just 1% year-over-year. For 2026, PayPal guided for adjusted profit to decline in the low single digits or be slightly positive, well under the 8% growth analysts expected."
"Elon Musk has outlined plans to evolve X into an "everything app" similar to China's WeChat, combining social media, messaging, payments, e-commerce, and other services into one platform. X is advancing this vision through incremental feature additions. In November, Musk announced the rollout of encrypted messaging, audio/video calls, and file transfers via a new communications stack, with X Money payments set to launch soon after. X's then-CEO Linda Yaccarino stated in January 2025 that the platform would introduce financial services as its first major "everything app" milestone that year, including peer-to-peer payments and in-app trading."
PayPal shares dropped 18% after fourth-quarter results missed expectations. Adjusted earnings were $1.23 per share versus a $1.29 consensus, and revenue was $8.68 billion against $8.79 billion forecasts. The shortfall resulted from softer consumer spending and just 1% year-over-year growth in the branded checkout business. For 2026, PayPal guided adjusted profit to decline in the low single digits or be slightly positive, below the roughly 8% growth analysts had expected. Elon Musk merged X.com with Confinity in 2000 and sold it to eBay in 2002, later founding Tesla and SpaceX and repurchasing the X.com domain after acquiring Twitter in 2022. Musk plans to evolve X into an "everything app" with payments, encrypted messaging, calls, file transfers, and partnerships such as Visa to support digital wallets.
Read at 24/7 Wall St.
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