Shares of PayPal slumped Tuesday as the payment platform's adjusted ear♏nings missed estཧimates for the final quarter of 2024.

The owner of its namesake platform and others such as Venmo reported $8.37 billion in revenue for the fourth quarter, up 4% from the same time last year and better than the $8.26 billion analysts had expected, per estimates compiled by Visible Alpha.

PayPal's (PYPL) net income came in at $1.12 billion, or $1.11 per share, down 20%♔ from a year ago but narrowly above the $1.08 billion and $1.06 per share analysts had expected. Analysts had expected a larger gap between net and adjusted net income, however. The company's adjusted earnings came in at $1.21 billion, below the $1.44 billion analyst consensus.

EPS Projections Top Estimates While Ad🐲justed Outl💫ook Falls Short

That gap continued into PayPal's 2025 projections, with the company's forecast topping earnings per share projections while its adjusted EPS projections fell short.

PayPal expects to earn $1.11 to $1.13 per share for the first quarter and $4.80 to $4.95 per share for the full year,👍 compared to the $1.07 first quarter and $4.67 full-year estimateꦓ from analysts. However, the company said it expects adjusted earnings per share from $1.15 to $1.17 per share for the first quarter, and $4.95 to $5.10 for 2025, well below the $1.36 and $5.83 per share analyst consensus.

The payments processor also announced Tuesday that its board approved a new $15 billion stock buyback program, in addition to the $4.86 billion remaining under its previous program that started in the second quarter of 2022.

PayPal shares sank over 9% Tuesdaꦯy morning, but are still up around 30% over the last 12 months.