PayPal's New CEO Plans to Restructure Disclosure Approach, Setting Revenue Targets for Three Core Businesses

Odaily Planet Daily News: PayPal's new CEO Enrique Lores stated that the company plans to set separate revenue targets for its three core businesses for the first time and adjust its financial disclosure approach to help investors more clearly assess the growth potential of each business.

This is Lores' first media interview since he took over as PayPal CEO in March this year. He stated that the company will change its current earnings presentation format in the future, establishing clear financial goals for different business lines and improving business transparency.

It is understood that PayPal has faced pressures in recent years including slowing growth, intensifying market competition, and investor uncertainty regarding the company's strategic direction. The company hopes to rebuild market confidence by breaking down business performance and clarifying revenue targets.

Lores previously served as CEO of HP for a long period. Since taking the helm at PayPal, the market has been closely watching whether he will drive strategic adjustments for the company, including optimizing the payment business structure, improving operational efficiency, and seeking new growth drivers.

Currently, PayPal has not yet disclosed the specific breakdown of the three businesses or the details of their targets, and related adjustments are expected to be gradually reflected in future earnings reports. (Bloomberg)