The chief financial officer of social gaming business Playtika said the business is excited about future merger and acquisition opportunities, as slightly higher revenue and significantly lower general and administrative costs ensured the business returned to profit in H1.
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.
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