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DoubleDown Interactive Co., Ltd. (DDI) is a leading developer, publisher, and operator of digital games on mobile and web-based platforms. The company specializes in creating engaging gaming experiences through social casino games and online casino services. DDI offers free-to-play games with optional in-game purchases and operates real-money iGaming platforms licensed in select European countries.
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Social Casino Games - Develops and publishes free-to-play casino games for mobile and web platforms, including titles like DoubleDown Casino, DoubleDown Classic, and DoubleDown Fort Knox. Players can purchase virtual chips to enhance their gaming experience.
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iGaming - Operates online casino services featuring games such as blackjack, roulette, and slot machines. Includes platforms like Duelz, VoodooDreams, and NYSpins, acquired through SuprNation AB, and focuses on real-money gaming in licensed European markets.
- In Q1, social casino revenues declined by 12% while facing rising user acquisition costs due to aggressive sweepstakes competition—what specific measures are you implementing to reverse this downward trend and ensure long-term profitability?
- With the transition to IFRS and its impact on adjusted EBITDA margins, can you explain how these accounting changes will affect future comparisons and what steps are being taken to maintain transparency in your operational performance?
- SuperNation delivered a 59% revenue increase, yet you remain below EBITDA breakeven; what is your detailed plan to scale this business further while managing the risk of overspending on new player acquisition in key markets like the U.K. and Sweden?
- The decision to halt the launch of your new match-3 game underscores a disciplined approach to product development—how do you balance the need for innovative titles against the imperative to generate strong engagement and monetization in a high-cost acquisition environment?
- Given that increased sales and marketing investments are critical for both SuperNation growth and social casino retention, how are you planning to adjust your spending strategy if market conditions deteriorate further or if competitor pricing pressures intensify?
Recent press releases and 8-K filings for DDI.
- DoubleDown Interactive announced an underwritten secondary offering of 4,347,827 ADSs at $8.50 per ADS (representing 217,391.35 common shares) sold by STIC Special Situation Diamond Limited at a 20% discount to the prior close .
- Following the announcement, DoubleDown shares fell 13.6%–16% .
- The fully secondary transaction will not issue new shares or provide proceeds to DoubleDown, with the offering set to close on or about June 13, 2025 subject to customary closing conditions .
- The offering is managed by Roth Capital Partners (Lead Bookrunning Manager) and Texas Capital Securities (Co-Bookrunning Manager), with underwriters granted a 30-day option to purchase up to 652,173 additional ADSs .
- DoubleDown retains a strong financial profile with a P/E ratio of 4.42, free cash flow yield of 29%, a market capitalization of $529 million, and more cash than debt .
- Revenue decreased to $83.5 million in Q1 2025 compared to $88.1 million in Q1 2024, with operating expenses also declining, but resulting in lower profit margins ( , ).
- Profit for the period fell to $23.8 million (excluding non-controlling interests) versus $30.3 million the prior year, reflecting the impact of lower social casino revenues despite a strong performance in some segments ( , ).
- The iGaming segment achieved robust growth with revenue increasing by 59% year-over-year to $13.2 million, indicating increased investments in new player acquisition ( , ).
- The Company reported strong operational cash flow, generating $41.1 million from operating activities, underscoring its balance sheet strength with an aggregate net cash position of approximately $421 million ( ).
- DoubleDown Interactive will release its unaudited Q1 2025 financial results on May 13, 2025, after the market closes.
- The company will host a conference call and simultaneous webcast at 5:00 p.m. ET to discuss the financial results and provide a business update.