tiprankstipranks
DoubleDown Interactive’s Strong Q3 Boosted by SuprNation
Company Announcements

DoubleDown Interactive’s Strong Q3 Boosted by SuprNation

Doubledown Interactive Co (DDI) has released an update.

Don't Miss our Black Friday Offers:

DoubleDown Interactive reported a 14% increase in revenue for the third quarter of 2024, reaching $83 million, driven largely by the acquisition of SuprNation. Despite a slight decrease in net income due to foreign currency issues and increased administrative costs, the company’s Adjusted EBITDA rose by 22% to $36.1 million, showcasing strong profitability and cash flow. The company’s strategic focus on its core social casino business and new iGaming operations has led to sustained growth and financial flexibility.

For further insights into DDI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyDoubleDown price target raised to $21 from $18 at Northland
TheFlyDoubleDown price target raised to $21 from $16.25 at Wedbush
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App