Playtika seeks M&A after lower H1 costs help business return to profit

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Revenue was up 9.6% to $1.30bn for the first half of the year.

However, the business then paid expenses of $1.00bn, though this was down 13.2%. The largest of these expenses were costs of revenue, at $366.9m, up 2.5%. 

Research and development costs were up 40.4% to $177.0m, while sales and marketing costs grew 14.1% to $286.6m. General and administrative expenses, on the other hand, dropped by 58.0% to $171.9m.

This meant operating income was up more than 600% to $295.7m.

Read the full story on iGB North America

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