The growth in ARPU, coupled with lower selling, general and administrative Expenses, helped the operating profit margin expand by 362 basis points to 32.47%.

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Operating income is revenues less player costs, selling, general and marketing expenses, stadium operations, coaches and player development costs and travel.

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Meanwhile, operating profit increased 37% as the company leveraged its selling, general and administrative expenses.

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Operating expenses, however, rose to 15% from 12.6% of income and selling, general, and administrative costs rose to 13.7% from 11.5% of income.

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