The YouTube channel "In a Nutshell" released a good summary on this recently: https://www.youtube.com/watch?v=JhHMJCUmq28
The result shows that the DWave machine is asymptotically faster than the Simulated Annealing algorithm (yay!), which suggests that it is executing the Quantum Annealing algorithm. However, the the paper also explicitly states that this does not mean that the Dwave machine is exhibiting a 'quantum speedup'. To do this, they would need to show it to outperform the best known classical algorithm, which as the paper acknowledges, it does not.
What the paper does seem to be showing is that the machine in question is actually fundamentally quantum in nature; it's just not clear yet that that the type of quantum computer it is is an improvement over classical ones.