Nexters (GDEV) has released an update.
GDEV Inc., an international gaming and entertainment company, reported a 10% decrease in Q1 2024 revenue compared to the previous year, with revenues totaling $107 million. Despite the revenue dip, bookings grew by 4% to $109 million, and the company reduced its net loss from $8 million in Q1 2023 to $1 million in Q1 2024. GDEV’s CEO highlighted strategic initiatives and a focus on user acquisition investments to drive future growth.
For further insights into GDEV stock, check out TipRanks’ Stock Analysis page.
