Q: Any update to add to earlier response on earnings based on the call? Stock is down but not nearly as much as when the results were initially released.
5i Research Answer:
Nothing earth-shattering in the call. Management did say "firmly believe this is the strongest and most durable version of the company to date". Free cash flow margins were discussed. The current quarter was VERY good at 22%, and the forecasted dip here really gets back to more normalcy of this metric. "Market positioning is strengthening". Global growth and potential was discussed and high GMV growth (37% in EMEA regions), The overall tone was quite positive. The stock is up now a bit as we write this.