[BUSINESS]■ STORY TIMELINE

PAYPAL POSTS 7% REVENUE GROWTH, TARGETS $1.5B IN CUTS

PayPal reported Q1 net revenue of $8.4 billion, up 7% year-over-year, with total payment volume climbing 11% to $464 billion. The payments company is pursuing $1.5 billion or more in cost savings under new CEO Enrique Lores.

1 SOURCEFIRST SEEN MAY 5, 11:20 AM► READ THE ARTICLE

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PayPal reports Q1 net revenue up 7% YoY to $8.4B, total payment volume up 11% YoY to $464B, active accounts up 1% to 439M, and seeks $1.5B+ in cost savings (Paige Smith/Bloomberg)

Paige Smith / Bloomberg: PayPal reports Q1 net revenue up 7% YoY to $8.4B, total payment volume up 11% YoY to $464B, act…

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