Dmitry Vlasov

Ivan Kim

- GDEV reported **revenue** of **$120 million** in Q2 2025, a **13%** year-over-year increase, and **$217 million** for H1 2025, up **2%** year-over-year.  **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_0]** **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_1]**  **Profit for the period, net of tax**, increased to **$17 million** in Q2 2025 and **$31 million** in H1 2025.  **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_0]** **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_1]** **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_2]** 
- Despite revenue growth, **bookings declined** by **14%** to **$92 million** in Q2 2025 and **20%** to **$173 million** in H1 2025, primarily due to an **18%** decrease in **Monthly Paying Users (MPU)** in Q2 2025 and **26%** in H1 2025.  **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_2]** **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_3]** 
- The company maintains a **strong cash position of $932 million**  **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_0]** , but reported **negative cash flows from operating activities** of **$10 million** in Q2 2025 and **$4 million** in H1 2025.  **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_1]** **[1848739_1800a1d5c1cd4eecaee0a29bd3db9d22_2]**

GDEV (GDEV)