Mastercard’s revenue increased to $4.53 billion from $3.34 billion, while analysts were modeling $4.37 billion. The company pointed to a continued spending recovery both domestically and in the cross-border category. “In terms of how people are spending, they are definitely getting out more as we’re seeing improvement in card-present spending, particularly in the travel, retail and restaurant categories, while e-commerce continues to be strong,” Chief Executive Michael Miebach said on Mastercard’s earnings call, speaking of in-person spending. He also pointed to “improvements in both domestic and cross-border travel with significant upside potential.”

https://www.marketwatch.com/story/mastercard-tops-earnings-expectations-as-spending-recovery-continues-11627561062?rss=1&siteid=rss