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An update from Doubledown Interactive Co ( (DDI) ) is now available.
DoubleDown Interactive Co., Ltd. announced its unaudited financial results for the fourth quarter and full year ending December 31, 2024, reporting a slight decline in fourth-quarter revenue compared to 2023, with $82 million against $83.1 million. The company highlighted strong profitability and cash flow with a profit increase driven by foreign exchange gains and improved monetization metrics in its social casino games. DoubleDown’s annual revenue grew by 10% to $341.3 million, reflecting higher player engagement and monetization, despite increased operating expenses due to the SuprNation acquisition. The company maintained a substantial net cash position of $380 million, up from 2023, enabling strategic investments in growth opportunities.
More about Doubledown Interactive Co
DoubleDown Interactive Co., Ltd. is a prominent developer and publisher in the digital gaming industry, specializing in mobile and web-based platforms. The company is known for its social casino and free-to-play games, with a focus on expanding its market presence in the U.K. and Sweden through its SuprNation iGaming business.
YTD Price Performance: 2.93%
Average Trading Volume: 49,111
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $527.7M
Find detailed analytics on DDI stock on TipRanks’ Stock Analysis page.
