Odaily Planet Daily reports that PayPal’s new CEO, Enrique Lores, said the company plans to set separate revenue targets for its three core businesses for the first time and adjust its financial disclosures to help investors better assess the growth potential of each business.
This is Lores’s first media interview since taking over as PayPal’s CEO in March this year. He stated that the company will soon change its current financial reporting approach by establishing clear financial targets for each business line and increasing operational transparency.
It is reported that PayPal has recently faced pressures including slowing growth, intensifying market competition, and uncertainty among investors regarding its business strategy. The company aims to rebuild market confidence by separating its business performance and clarifying revenue targets.
Lores previously served as CEO of HP, and since taking the helm at PayPal, the market has been closely watching whether he will drive strategic adjustments, including optimizing the payment business structure, improving operational efficiency, and identifying new growth drivers.
PayPal has not yet disclosed specific breakdowns and targets for its three major business segments; related adjustments are expected to be gradually reflected in future earnings reports. (Bloomberg)