My take on Q4

They soundly beat on all metrics except for logged-out user growth (missed by around 1%) due to a Google algorithm change, which was sorted out in Q1 of this year.

Guidance was above estimates too.

This is a short-term blip on an overextended stock and will be a good buying opportunity tomorrow for those holding long term.

Something similar happened to SHOP a couple quarters ago. Stock tanked on earnings release, and then slowly gained back everything and more in subsequent months.

Edit: just listened to the earnings call. Much ado about nothing, the stock will recover. Huffman said “zero” impact from the Google algo change and it was resolved in Jan. Call was very bullish imo. I will buy more shares tomorrow.