PayPal reports solid third-quarter results, with total payment volume growing 25%

PayPalreported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume.
The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 million, a 7% year-over-year increase. On a non-GAAP basis, net income was 61 cents a share, a 5% increase.
These figures included a negative impact from strategic investments in MercadoLibre and Uber; without that, GAAP