PayPal's Irish arm saw a pretax profit increase to €16.8 million, despite a fall in revenue to €193.1 million. The company attributed the decline in revenue to a reduction in employee-related expenses and administrative costs, which fell from €212.1 million to €181.1 million. Staff costs also decreased, with a total of €160.6 million for the year, down from €171.6 million in 2023. PayPal's Irish arm, PayPal Service Europe Ltd, reported a significant increase in pretax profits to €16.8 million for the year ended December 31, 2024, despite a decline in revenue to €193.1 million. This shift in focus aligns with PayPal's broader strategy to leverage technology and innovation to drive growth and efficiency [1].References:[1] https://www.irishtimes.com/business/2025/09/04/paypal-profit-up-but-revenue-declines/[2] https://www.marketscreener.com/news/paypal-venmo-users-to-gain-early-access-to-perplexity-s-comet-ai-browser-ce7d59dbd98ffe26[3] https://www.marketbeat.com/instant-alerts/filing-lansforsakringar-fondforvaltning-ab-publ-sells-4008-shares-of-paypal-holdings-inc-pypl-2025-08-29/
