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DDI — DoubleDown Interactive News Story

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DoubleDown Interactive Q2 revenue beats estimates

Overview

DoubleDown Q2 revenue of $84.8 mln beats analyst expectations, per LSEG data

Adjusted EBITDA for Q2 exceeds estimates, reflecting effective cost management

SuprNation revenue grows 96% yr/yr, driven by new player acquisition

Outlook

DoubleDown sees strong iGaming revenue growth potential

Company aims to leverage WHOW Games acquisition for market expansion

Result Drivers

SOCIAL CASINO REVENUE DECLINE - Revenue from social casino/free-to-play games fell 14% yr/yr, impacting overall revenue

SUPRNATION GROWTH - SuprNation revenue surged 96% yr/yr due to strategic focus on new player acquisition

OPERATING EXPENSES - Increased expenses linked to SuprNation, offset by reduced R&D costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$84.80 mln$83.10 mln (5 Analysts)
Q2 Adjusted EBITDABeat$33.50 mln$31 mln (5 Analysts)
Q2 Adjusted EBITDA Margin39.5%
Q2 Pretax Profit$30.60 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the casinos & gaming peer group is "buy" Wall Street's median 12-month price target for DoubleDown Interactive Co Ltd is $20.00, about 52.5% above its August 11 closing price of $9.50 The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago Press Release: ID:nGNXpRsRj (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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