Nexters Inc. ( (GDEV) ) has released its Q3 earnings. Here is a breakdown of the information Nexters Inc. presented to its investors.
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GDEV Inc., an international gaming and entertainment company, is known for its diverse portfolio of franchises such as Hero Wars and Pixel Gun 3D, which have garnered over 550 million installs worldwide. In its latest earnings report for the third quarter of 2025, GDEV reported a 12% year-over-year decrease in revenue, amounting to $98 million, while profit for the period increased to $24 million from $15 million in the previous year. The company attributes the revenue decline to reduced consumer spending and a strategic shift towards attracting higher-quality users.
Key financial metrics highlighted in the report include a 43% reduction in selling and marketing expenses, which stood at $30 million, and an increase in adjusted EBITDA to $26 million from $17 million in the same quarter of 2024. Despite a decrease in bookings, GDEV’s focus on efficiency in user acquisition and selective marketing has resulted in improved profitability.
The company also noted a shift in its platform engagement, with a decrease in mobile bookings to 59% and an increase in PC bookings to 41%. Additionally, there was a slight geographic shift in bookings, with a decrease in the US and Asia, and an increase in Europe.
Looking ahead, GDEV remains committed to its strategy of disciplined marketing spending and focusing on long-term user value, aiming to navigate the challenges posed by fluctuating consumer spending and global advertising trends.