Business ModelDoubleDown operates a very profitable capital-light business, with robust profitability and FCF generation supported by high player retention.
Market ExpansionDoubleDown has significant potential to expand further throughout Europe, which can roughly double its revenue growth potential in that region alone.
Monetization StrategyThe company's ability to monetize its base, converting nearly 7% of its active users into active payers, is impressive, tracking at over 3x the industry average.