In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86 from $.69 at the same time last year, and ahead of forecasts of $.83. “In 2020, we’re looking to grow our investments based on our recent acquisitions, building new infrastructure in China and other international markets, continuing work on monetizing Venmo and our focus on our in-store initiatives,” said Schulman of PayPal’s areas of keenest interest for the next year. In addition, the acquisition of a 70 percent stake in GoPay, and the licensure that accompanied it, has made PayPal the first foreign ePayments firm able to operate in China - and was crucial to making possible its cross-border payments partnership with UnionPay, announced last week. Schulman told investors that combining the two platforms will allow them to leverage their complementary capabilities, and drive customer engagement at an early phase in the commerce journey. On those fronts, Schulman remarked often on PayPal’s $4 billion acquisition of shopping rewards platform Honey Science Corporation that closed earlier this month. PayPal CEO Dan Schulman, on the other hand, was more upbeat during the call, noting that PayPal is “very pleased with the year in front of us.” He added that the firm has its sights set on aggressively expanding the platform’s capabilities and geographic footprint in the year to come. “There's always a certain amount of trepidation that exists about the macroeconomy,” Rainey said on a call with analysts. Chief Financial Officer John Rainey commented that there are some concerns about economic uncertainty to warrant caution, despite trends currently remaining strong. However, despite a solid holiday quarter, the digital payments giant found stock trading concerns about its Q1 forecasts. PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed.
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