https://seekingalpha.com/article/4677139-paypal-pypl-stock-believe-turnaround-plays

The main drivers of improved EBIT, which trickled down to the company’s bottom line were cutting down on sales & marketing, and technology development, while G&A went down only slightly, but still contributed to that improvement. I’m not sure if I agree with cutting down investments in technology development. This will improve margins in the short run, but if we look at the long-term picture, the slowdown in development and innovation will keep the company struggling to gain back its lost market share to other payment platforms.

I am not sure the company should be making cuts in the innovation and development segment of expenses, but we will have to wait for the next couple of quarters to see how these have progressed.