Sales & marketing expenses increased 14.4% year over year to $30.3 million.Īdjusted EBITDA came in at $37.8 million, down 30.6% from the year-ago period. Research & development and general & administrative expenses were up 48.9% and 22.3% year over year to $315.3 million and $96.1 million, respectively. Infrastructure and trust & safety expenses shot up by 24% year over year to $132.5 million. Operating Detailsĭeveloper exchange fees in the second quarter rose 16% year over year, reaching $165.8 million. The figure missed the Zacks Consensus Estimate by 4.47%. Hours Engaged were 14 billion, up 24% year over year. The figure missed the Zacks Consensus Estimate by 1.56%. Average Daily Active Users were 65.5 million, which increased 25% year over year.
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