PayPal (PYPL) stock plunged as the company reported a decline in payment transactions, despite earnings beating on both the top and bottom

Operator Good morning, and welcome to PayPal's fourth quarter and full year 2024 earnings conference call. My name is Sarah, and I will be your conference operator today. As a reminder, this conference is being recorded.

Shares of PayPal Holdings (PYPL) were tumbling 11% in late-day trading Tuesday, Feb. 4, despite reporting earnings that beat consensus estimates and providing guidance for the coming year that exceeded expectations.