Fast Money Blog- 2/5/21

There has been explosive growth in 2020 for both Pinterest, Inc. (PINS) and PayPal Holdings, Inc. (PYPL) Both of these companies are great dates and here’s why:

On Wednesday, February 3rd, 2020 Paypal posted blowout earnings for both Q4 as well as the entire year.

Total 2020 top line revenue came in at $21.5 billion, up 22% year-over-year. This is amazing.

In the fourth quarter PayPal reported revenue of $6.12 billion, up 23% year- over-year. Even further, this represents an increase of 12% from the prior quarter.

The company's growth was driven by strong performance by Venmo and merchant services. PayPal added 16 million new accounts in the fourth quarter, bringing its total client base to 377 million accounts.

The company also saw Q4 total payment volume (TPV) increase 39% year- over-year to $277 billion. Moreover, its mobile payments app Venmo processed $47 million in TPV in the quarter, a 60% year-over-year increase.

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Pinterest posted their Q4 revenue on Thursday, February 4th. The company grew 76% year-over year for a total revenue of $706 million. Their revenue for 2020 grew 48% year-over-year to $1.6 billion.

Much can be said about Pinterest’s global Monthly Active Users (MAU). The company’s MAU grew 37% year-over-year to 459 million.

The number of MAU’s broke down like this:

U.S. monthly active users came in at 98 million, an increase of 11% year-over-year.

The company’s international user base also continued to rapidly expand, up 46% year-over-year to a total of 361 million users.

Again, these companies are two great dates and I want to be clear: I like Pinterest for covered call writing and volatility trading, while I strongly endorse PayPal as a long-term hold.

Great things are ahead!

Stay Open! Stay Positive!

Tyrone Jackson

The Wealthy Investor