Doubledown Interactive Co., Ltd. (DDI) has released an update.
DoubleDown Interactive Co., Ltd. reported a robust financial performance for Q1 2024, with a revenue increase of 14% year over year to $88.1 million, including $8.3 million from its recent acquisition of SuprNation. Net income soared to $30.4 million, a significant jump from the previous year, largely due to increased revenue and reduced marketing and R&D expenses. The company also highlighted strong Adjusted EBITDA growth and free cash flow generation, signaling a solid quarter of capital efficiency and financial health.
For further insights into DDI stock, check out TipRanks’ Stock Analysis page.
