The catch here is this revenue is already being factored-out of their stock price because of the current status quo in America where apps can use third party payments without commission for at least ~8-9 more months and possibly for good, and they have been rushing to establish alternative services revenue to plug that hole.

The other avenue that AI is hitting their services revenue is the Google Search deal, it's a revenue sharing agreement and AI is eroding that revenue on Google's side.