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  "notes": "The chart shows a decrease in total operating expenses from 64% to 62% of revenue.",
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      "text": "G&A flat due to headcount timing, despite lapping of one-time VAT release benefit in Q3'24\nR&D leverage driven by higher capitalized software and lower headcount as a result of restructuring\nS&M leverage driven mainly by timing of marketing program spend",
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      "text": "Broad-based leverage as we invest in growth",
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