Playtika records 60% drop in net income for Q2

Playtika Holding Corp has posted $659.6m in second quarter revenue, a less than 1% year-on-year increase offset by rising costs. The company incurred $568.3m in expenses during Q2, up 15% and leading to a sizeable drop in profitability. Playtika’s net income amounted to $36.4m, down from last year’s $90m. Adjusted EBITDA was likewise down, falling from $264.4m to $238.9m, while adjusted EBITDA margin contracted by four percentage po...