GDEV Reports Q1 2025 Financial Results with Improved Profitability

The latest update is out from Nexters ( (GDEV) ).

On May 16, 2025, GDEV Inc. announced its financial results for the first quarter of 2025, revealing a 9% year-over-year revenue decline to $97 million. Despite this, the company achieved a net profit of $14 million, a significant improvement from a $5 million loss in Q1 2024, largely due to a 33% reduction in selling and marketing expenses. The shift in user acquisition strategy towards a higher margin audience contributed to this cost reduction. Additionally, the company’s cash flows from operating activities remained positive at $6 million, supporting a strong liquidity position of $102 million.

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’ strong cash flow and undervaluation are offset by declining revenues and negative equity, raising concerns about financial stability. Technical indicators suggest upward momentum, but caution is warranted due to overbought conditions.

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

More about Nexters

GDEV Inc. is a gaming and entertainment holding company that focuses on the development and growth of its franchise portfolio across various genres and platforms. It includes subsidiaries like Nexters and Cubic Games, and its franchises such as Hero Wars, Island Hoppers, and Pixel Gun 3D have accumulated over 550 million installs and $2.5 billion in bookings worldwide.

Average Trading Volume: 27,285

Technical Sentiment Signal: Sell

Current Market Cap: $272M

Learn more about GDEV stock on TipRanks’ Stock Analysis page.