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Doubledown Interactive Co (DDI)
NASDAQ:DDI
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$11.65Last Year’s EPS
$10.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -36.59%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong revenue and EBITDA growth, successful management of costs, and promising results from SuprNation. However, there are concerns about future challenges in year-over-year comparisons, rising player acquisition costs, and increased operating expenses.Company Guidance
During the Q3 2024 earnings call for DoubleDown Interactive, the company provided detailed guidance on their financial performance and strategic initiatives. The company reported a 14% year-over-year increase in consolidated revenue, reaching $83 million. Adjusted EBITDA rose by 22% to $36.1 million, with an adjusted EBITDA margin of 43.5%, a 280 basis point improvement from the previous year. Key performance indicators (KPIs) for their social casino business showed significant growth, including a 23% increase in average revenue per daily active user (ARPDAU) to $1.30 and an increase in payer conversion rate to 6.8%. The company generated $31.8 million in cash flow from operations in the quarter and maintained a strong balance sheet with $373 million in cash and equivalents. Additionally, the company discussed the performance of SuprNation, their iGaming business acquired in late 2023, which generated $7.8 million in Q3 revenue. They also emphasized ongoing efforts to enhance player retention and monetization through new game features and strategies to scale SuprNation, aiming for increased profitability and cash flow.Strong Revenue and EBITDA Growth
Consolidated revenue rose 14% year-over-year to $83 million, with a 22% increase in adjusted EBITDA to $36.1 million. This marks the fourth consecutive quarter of year-over-year revenue growth.
Social Casino Business Performance
The social casino/free-to-play games generated $75.2 million, reflecting a 3% year-over-year increase. Key performance indicators like ARPDAU increased by 23% and payer conversion ratio rose to 6.8%.
SuprNation Revenue Exceeds Estimates
SuprNation's iGaming business generated $7.8 million in Q3, exceeding the business's quarterly run rate prior to acquisition.
Cash Flow and Financial Position
Generated $31.8 million in cash flow from operations in Q3 2024, with a strong balance sheet of $373 million in cash and equivalents.
Cost Management Success
Sales and marketing expenses declined 16% compared to Q3 2023, contributing to a 280 basis point improvement in adjusted EBITDA margin.
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DDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $17.00 | $16.20 | -4.71% |
| Aug 12, 2024 | $12.06 | $11.94 | -1.00% |
| May 08, 2024 | $10.96 | $11.98 | +9.31% |
| Feb 13, 2024 | $10.46 | $11.74 | +12.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Doubledown Interactive Co (DDI) report earnings?
Doubledown Interactive Co (DDI) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Doubledown Interactive Co (DDI) earnings time?
Doubledown Interactive Co (DDI) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DDI EPS forecast?
DDI EPS forecast for the fiscal quarter 2024 (Q4) is $11.65.
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