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https://www.law.cornell.edu/rules/fre/rule_801


(d) Statements That Are Not Hearsay. A statement that meets the following conditions is not hearsay:

[...]

(2) An Opposing Party’s Statement . The statement is offered against an opposing party and:

(A) was made by the party in an individual or representative capacity;

(B) is one the party manifested that it adopted or believed to be true;

(C) was made by a person whom the party authorized to make a statement on the subject;

(D) was made by the party’s agent or employee on a matter within the scope of that relationship and while it existed; or

(E) was made by the party’s coconspirator during and in furtherance of the conspiracy.

I would argue that it's not hearsay at all. In addition, it's arguable that it was not offered to establish "the truth of the matter asserted" in the statement, which would make it not hearsay. And also there may be an exception available (allowing it to be admissible even though the statement is hearsay).