Nothing much unexpected here. I'd say most expected growth to be disappointing after Brad's departure and that's pretty much what we see. Some growth in a few areas but nothing that will change the needle (at least toward the north).
There is still some mixed messaging around focusing on US/UK but they'll chime in with how google japan, or tabby are big wins. But John seems to be more open about leading investors on. I thought it was a clear message that Visa/MC partnerships weren't mentioned once in the presentation. So all of you dreamers who keep posting that somehow SPT is visa/MC installments can finally pull your head out of the sand.
