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PYPL experts, pls tell me this chart is wrong and multiple expansion was not a result of higher SBC #nongaap
This is how various SaaS companies define Billings which is considered to be a better proxy for their revenue #nongaap
The version of and seems more conservative at it accounts for the change in contract assets/unbilled receivables
Definition of also looks conservative as they account for the change only in CURRENT deferred revenue
