“However, given it is early in the year and because of the current level of macro uncertainty, we are maintaining our guidance for the full year at this time.”

In context

“% of U.S. checkout traffic. This shows we can execute, and we anticipate an even faster rollout for Europe starting in the second quarter. Finally, Venmo had another standout quarter. We hit an important inflection point for Venmo monetization with 20% revenue growth, driven by our push to make Venmo one of the best ways to pay online and in store. These are only a few examples of the strength we’re seeing in the execution of our strategy. We’re feeling the excitement of our innovations in the market and engagement from consumers and merchant partners, and we’re just getting started. As you can here, I’m encouraged by the momentum we are driving. We had a great start to the year and expect a solid second quarter, which would result in the first half coming in above our prior expectations. However, given it is early in the year and because of the current level of macro uncertainty, we are maintaining our guidance for the full year at this time. Jamie will provide more color on our results and guidance in her remarks. Let me now go into the details of the progress we’re making on our strategic growth drivers. Starting with win checkout, online branded checkout TPV, including PayPal and Pay with Venmo, grew nearly 6% this quarter, accounting for last year’s leap day. We’re proud of this growth and expect it to increase over time as more traffic flows through our upgraded experience. One of the main benefits of our upgraded experience is the modernized pay sheet, which improves the presentment of our full suite of payment options. This contributes to a personalized experience where consumers can more easily pay their own way, whether now with balance, cards, crypto, or Buy Now Pay Later. What we’re seeing is that as we improve the”