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Nexters ( (GDEV) ) just unveiled an announcement.
On March 31, 2025, GDEV Inc. announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a decline in revenue by 11% year-over-year to $98 million for Q4 2024, attributed to reduced revenue from previous bookings and a decrease in current-quarter bookings. Despite this, GDEV’s adjusted EBITDA increased by 22% year-over-year, reaching $12 million, due to improved monetization and a strategic shift in user acquisition. The European market expansion strategy proved successful, with regional bookings growing by 5 percentage points. However, the company’s net profit for Q4 2024 fell to $2 million from $11 million in Q4 2023, primarily due to increased finance expenses and losses from equity-accounted associates.
More about Nexters
GDEV Inc. is an international gaming and entertainment company, listed on NASDAQ under the symbol GDEV. The company focuses on the gaming industry, offering a range of entertainment products and services. It has a strategic market focus on expanding its presence in the European region, where it has seen significant growth in bookings and brand strength.
YTD Price Performance: -21.66%
Average Trading Volume: 17,026
Technical Sentiment Signal: Buy
Current Market Cap: $227M
Find detailed analytics on GDEV stock on TipRanks’ Stock Analysis page.
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