While the loss was mainly driven by the Clearpay option, we can see some signs of competition for users in this report.
Slightly higher loss rates, more marketing and headcount spend, slower revenue growth to name a few.
However, the growth is still there and all of the above are well within the acceptable parameters, especially for a growth company. The square deal was probably very well timed. I'm not sure the market would reward this report today without the Square pegging.
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