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GDEV Inc. Acquires Light Hour Games to Boost Mobile Casual Game Portfolio

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GDEV Inc. Acquires Light Hour Games to Boost Mobile Casual Game Portfolio

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Nexters ( (GDEV) ) has issued an update.

On August 5, 2025, GDEV Inc. announced the acquisition of Light Hour Games, a mobile studio based in Cyprus known for its AI-driven workflows in game development. This strategic acquisition aims to enhance GDEV’s portfolio in mobile casual games, allowing Light Hour Games to maintain creative freedom while benefiting from GDEV’s resources and expertise. This move is expected to bolster GDEV’s growth strategy by integrating Light Hour Games’ innovative approaches and experienced team into its ecosystem.

The most recent analyst rating on (GDEV) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Nexters stock, see the GDEV Stock Forecast page.

Spark’s Take on GDEV Stock

According to Spark, TipRanks’ AI Analyst, GDEV is a Neutral.

Nexters exhibits strong cash flow management and attractive valuation metrics, including a high dividend yield and low P/E ratio. However, financial instability due to declining revenues and negative equity, combined with mixed technical indicators, impact the overall outlook.

To see Spark’s full report on GDEV stock, click here.

More about Nexters

GDEV Inc. is a global gaming and entertainment holding company focused on developing and expanding its franchise portfolio across various genres and platforms. The company includes subsidiaries such as Nexters and Cubic Games, and its franchises, including Hero Wars, Island Hoppers, and Pixel Gun 3D, have collectively achieved over 600 million installs and $2.5 billion in bookings worldwide.

Average Trading Volume: 17,002

Technical Sentiment Signal: Strong Sell

Current Market Cap: $261.1M

For an in-depth examination of GDEV stock, go to TipRanks’ Overview page.

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