Doubledown Interactive Co., Ltd. ( (DDI) ) has released its Q3 earnings. Here is a breakdown of the information Doubledown Interactive Co., Ltd. presented to its investors.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
DoubleDown Interactive Co., Ltd., a prominent developer and publisher of digital games for mobile and web platforms, is known for its engaging social casino games and real-money iGaming operations in Western Europe. The company recently reported a 14% increase in third-quarter revenue to $83 million, bolstered by the acquisition of SuprNation, a European iGaming operator. Despite the revenue growth, net income saw a slight decline to $25.1 million due to foreign currency losses and increased administrative expenses. However, Adjusted EBITDA rose significantly by 22% to $36.1 million, highlighting the company’s effective cost management and monetization strategies within its social casino business. Looking forward, DoubleDown Interactive remains focused on leveraging its strong cash position to explore growth opportunities, both organically and through potential acquisitions, aiming to enhance shareholder value.
