GDEV Reports Growth Amid Strategic Scaling Efforts
Company Announcements

GDEV Reports Growth Amid Strategic Scaling Efforts

Nexters (GDEV) has released an update.

GDEV Inc., a global gaming company, reported a 5% sequential revenue growth in Q3 2024, despite a 9% decline year-over-year, reflecting industry pressures and strategic scaling efforts. The company saw a 22% increase in marketing expenses aimed at expanding its business, while maintaining a disciplined cost approach, resulting in a net profit of $15 million for the period. With a robust cash position of $153 million, GDEV is well-positioned for future growth, further supported by the recent appointment of Olga Loskutova as COO.

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

Related Articles
TheFlyGdev reports Q3 revenue $111M vs $121M last year
Ryan AdistGDEV Earnings this Week: How Will it Perform?
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