PayPal Holdings, Inc. (NASDAQ:PYPL) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET

Company Participants

Steve Winoker - Chief Investor Relations Officer
Alex Chriss - President & CEO
Jamie Miller - EVP & CFO

Conference Call Participants

Darrin Peller - Wolfe Research
Tien-Tsin Huang - JP Morgan
Ramsey El-Assal - Barclays
Jason Kupferberg - Bank of America
Dan Dolev - Mizuho
Timothy Chiodo - UBS
James Faucette - Morgan Stanley
Harshita Rawat - Bernstein
Trevor Williams - Jefferies
Bryan Keane - Deutsche Bank
Andrew Schmidt - Citi

Operator

Good morning, and welcome to PayPal's Third Quarter 2024 Earnings Conference Call. My name is Sarah, and I will be your conference operator today. As a reminder, this conference is being recorded.

I would now like to turn the program over to your host for today's conference, Steve Winoker, PayPal's Chief Investor Relations Officer. Please go ahead.

Steve Winoker

Thanks, Sarah. Welcome to PayPal's third quarter 2024 earnings call. I'm joined by CEO, Alex Chriss; and CFO, Jamie Miller. Our remarks today include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from these statements. Our commentary is based on our best view of the world and our businesses as we see them today. As described in our earnings press release, SEC filings and on our website, those elements may change as the world changes.

Now over to you, Alex.

Alex Chriss

Thanks, Steve, and thank you to everyone for joining us this morning. PayPal had a highly productive third quarter. We made good progress on our continued transformation, while delivering strong operating and financial results. We brought multiple innovations to market, coupled with a significant new marketing campaign and are seeing encouraging early adoption. And we continue to forge important partnerships with leaders in global commerce.

We are early in our transformation journey, and we have a lot of work ahead to get to where we want to be. However, I'm proud of what we've been able to achieve in the last year, and it gives me conviction that we're taking the necessary steps to unlock the full potential of PayPal and Venmo over time. We've assembled a world-class leadership team, reignited innovation for our customers and are now moving with clear purpose and increased velocity.

We're leaning into our competitive advantage, a two-sided network of hundreds of millions of consumers and tens of millions of merchants around the world to evolve from a set of disparate payment products and point solutions into a powerful commerce platform.