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  "presentationDate": "2022-07-01 00:00:00",
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  "notes": "The slide explains the drivers of expense growth (headcount, acquisitions, FX) and mentions a strategic pivot to slow headcount growth in Q3.",
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      "text": "Q2'22 Y/Y Growth by Department",
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      "text": "Operating Expenses grew 38% Y/Y (or 28% constant currency), largely reflecting the various growth initiatives that were greenlit toward the end of 2021 and, to a lesser extent, the impact of recent acquisitions such as Podsights, Chartable and Whooshkaa.",
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      "text": "As stated at our 2022 Investor Day, much of the expense growth we are seeing in Q2 is the result of decisions we made toward the end of 2021 to invest in expanding our global sales team to drive new international ads monetization potential, increased marketing for user growth in many of our newer markets and platform innovation. In June, we announced plans to slow headcount growth by 25% beginning in Q3, while also taking a closer look at marketing activity.",
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