PayPal Holdings, Inc. (NASDAQ:PYPL) Q3 2023 Earnings Call Transcript

Alex Chriss: Great. Thank you, Krista. And thanks, everyone, for joining us today. Hopefully, you can see how serious we are about growing and improving PayPal across the board as quickly as possible. Before we close, I want to leave you with three thoughts. You’ve heard in my voice today, both the confidence that we will make this company excel and the determination to do it as quickly and thoroughly as possible. We have an excellent business, but it needs to execute better and with greater clarity and focus, and it will. We will impact the go-to-market strategy and financial focus of the company in ways that are immediately impactful. It won’t happen overnight, but we will get PayPal to the kind of consistent growth profile we all expect.

As I’ve said it already, but it bears repeating one last time, what I care about is profitable growth. That is going to be our true north and receive our total focus. I’ve spent my entire career focusing on making sure we delight our customers and solve their most critical problems, but we must ensure we serve all our stakeholders. And lastly, our employee base is fired up and motivated to win in the market. In addition, you can also expect us to add additional senior talent to our team, who I believe can help significantly accelerate our growth trajectory. We are future-proofing this business and we know what needs to be done. We are playing to win. In the weeks and months ahead, we are going to be moving with velocity to deliver for our customers and our business.

I look forward to talking to you all on our next call in February and laying out our clear plan to win. Thank you, and have a great day.

Operator: This concludes today’s conference call. Thank you for your participation, and you may now disconnect.