"Our work in building our digital assets continues to pay off; this is the sixth consecutive quarter in which the Digital Audio Group Adjusted EBITDA is larger than the Multiplatform Group Adjusted EBITDA.”
The company said it will remain open to feedback and that its long-term focus "remains on building products that millions of people and businesses find valuable enough to pay for."
In 2024, the technology firm is set to spend nearly $7 billion on training its Artificial Intelligence models, with an additional $1.5 billion on staff salaries.