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  "documentTitle": "2025 Q4 Shareholder Deck",
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  "notes": "The chart shows a stacked bar chart of regional MAU distribution over time.",
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      "text": "Total MAUs grew 11% Y/Y to 751 million, up from 713 million last quarter and 6M above our guidance.",
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      "kind": "list",
      "text": "Y/Y and Q/Q growth across all regions, with outperformance led by Rest of World, Latin America and Europe\nGlobal launch of mobile free tier enhancements\nStrong holiday and Wrapped campaigns",
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