PayPal Names New CEO Amid Disappointing Outlook and Results - PLBY

[Para 1: The Lead] PayPal's shares plummeted on Tuesday, reflecting a 18% drop, the worst performance among S&P 500 and Nasdaq stocks, since early 2017. The company's Q4 revenue of $8.68 billion and adjusted earnings per share of $1.23 fell short of Wall Street estimates. PayPal also announced a new CEO, Enrique Lores, effective March 1, 2026, following Jamie Miller's interim role. [Para 2-3: Supporting details & Context] PayPal's interim CEO, Jamie Miller, cited execution issues, particularly in branded checkout operations, attributing underperformance to US retail weakness, international challenges, and tough comparisons in high-growth sectors. The company forecast mid-single-digit declines in first-quarter profits and slight year-over-year gains for the full year 2026, below analyst expectations. PayPal's stock has lost nearly 50% of its value over the past 12 months.