Doubledown Interactive Co (DDI) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
DoubleDown Interactive Co. reports a robust second quarter in 2024 with a 17% rise in revenue to $88.2 million and a 34% increase in adjusted EBITDA to $37.0 million, driven by higher player engagement and the acquisition of SuprNation. Net income also saw a substantial increase to $33.3 million, attributed to improved revenue and efficient expense management.
For further insights into DDI stock, check out TipRanks’ Stock Analysis page.