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PayPal Holdings, Inc.'s (PYPL) CEO Dan Schulman on Q1 2021 Results - Earnings Call Transcript

May 05, 2021 10:44 PM ETPayPal Holdings, Inc. (PYPL)
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PayPal Holdings, Inc. (NASDAQ:PYPL) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET

Company Participants

Gabrielle Rabinovitch - VP, Corporate Finance and IR

Dan Schulman - President and CEO

John Rainey - CFO and EVP, Global Customer Operations

Conference Call Participants

Darrin Peller - Wolfe Research

Tien-Tsin Huang - JP Morgan

Lisa Ellis - MoffetNathanson

Sanjay Sakhrani - KBW

Colin Sebastian - Baird

David Togut - Evercore ISI

Bryan Keane - Deutsche Bank


Good afternoon. My name is Gabriel, and I will be your conference operator today. At this time, I'd like to welcome everyone to PayPal Holdings Earnings Conference Call for the Fourth Quarter and Full-Year 2020. (sic) [First Quarter 2021] All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to introduce your host for today's call, Ms. Gabrielle Rabinovitch, Vice President, Corporate Finance and Investor Relations. Please go ahead.

Gabrielle Rabinovitch

Thank you, Gabriel. Good afternoon, and thank you for joining us. Welcome to PayPal's earnings conference call for the first quarter 2021. Joining me today on the call are Dan Schulman, our President and CEO; and John Rainey, our Chief Financial Officer and EVP, Global Customer Operations.

We're providing a slide presentation to accompany our commentary. This conference call is also being webcast. And both the presentation and call are available on the Investor Relations section of our website.

In discussing our company's performance, we will refer to some non-GAAP measures. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in the presentation accompanying this conference call. Management will make forward-looking statements that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include our guidance for

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