DoubleDown reports Q4 EPS $14.37 vs. $10.47 last year

Reports Q4 revenue $82M, consensus $85.67M. Average revenue per daily active user for the company’s social casino/free-to-play games increased to $1.30 in the fourth quarter of 2024 from $1.24 in the fourth quarter of 2023 and was unchanged from the third quarter of 2024. “DoubleDown’s (DDI) fourth quarter results highlight the ability of our businesses to generate consistently strong profitability and free cash flow despite the slight revenue decline compared to the fourth quarter of 2023,” said In Keuk Kim, CEO of DoubleDown. “In the fourth quarter and throughout 2024 we delivered strong monetization metrics for our flagship social casino game, DoubleDown Casino, including full-year ARPDAU and average revenue per payer growth of 16% for both metrics when compared to the full year 2023 period. Our best-in-class ability to monetize our loyal players combined with our disciplined approach to user acquisition and R&D spend, drove cash flow from operations of $148 million in 2024, further solidifying our balance sheet.”