Doubledown Interactive Co., Ltd. ( (DDI) ) has released its Q1 earnings. Here is a breakdown of the information Doubledown Interactive Co., Ltd. presented to its investors.
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DoubleDown Interactive Co., Ltd. is a prominent developer and publisher of digital games, specializing in mobile and web-based platforms, with a focus on delivering an authentic Vegas-style social casino experience globally.
In the first quarter of 2025, DoubleDown Interactive reported a revenue of $83.5 million, a slight decline from the previous year’s $88.1 million. The company has transitioned to reporting under International Financial Reporting Standards (IFRS) since the fourth quarter of 2024.
Key financial metrics revealed a decrease in social casino/free-to-play game revenues to $70.3 million, while the iGaming subsidiary, SuprNation, saw a significant 59% revenue increase, reaching $13.2 million. Operating expenses were reduced to $53.9 million, contributing to a profit of $23.8 million for the interim period, although this was a decrease from the prior year’s $30.3 million. Adjusted EBITDA stood at $30.8 million, with a margin of 36.9%.
Despite the decline in social casino revenues, the company maintained strong monetization metrics, and the SuprNation business continued its growth trajectory. The company ended the quarter with a robust net cash position of approximately $421 million, providing flexibility for future growth opportunities.
Looking ahead, DoubleDown Interactive remains focused on strategic investments in player acquisition and maintaining capital efficiency, with an optimistic outlook for continued growth in its iGaming segment.