PayPal has reported a mixed set of financial results for the first quarter. The company's adjusted operating income was $1.40 billion, falling short of the estimated $1.55 billion. Despite this, PayPal raised its profit forecast for 2024, citing resilient spending and improved margins. The company also reported a strong quarter in terms of revenue, beating expectations and raising its full-year guidance. PayPal's stock price responded positively, showing a pre-market increase of 7%. Additionally, CEO @acce highlighted the delivery of solid results for the quarter, emphasizing a focus on profitable growth. The company grew its Total Payment Volume (TPV) by 14%, expanded its operating margin by 85bps, bought back 25 million shares, and used $1.5 billion of its $1.8 billion in free cash flow.