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Nexters (GDEV)
NASDAQ:GDEV
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 17, 2021
|% Change Since: -38.31%
|Next Earnings Date:Sep 22, 2021
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant achievements in terms of revenue growth, cash flow, leadership, and successful product launches, these were offset by year-over-year declines in revenue, bookings, net profit, and adjusted EBITDA. The company is focusing on long-term product improvements and geographical expansion, but current financial indicators show areas of concern.Company Guidance
During the GDEV Third Quarter 2024 Earnings Conference Call, the company reported a 5% quarter-over-quarter revenue growth, reaching $111 million, despite a 9% decline year-over-year. Bookings declined by 8% year-over-year to $93 million, attributed to strategic product improvements aimed at enhancing player experience and retention. Platform commissions decreased by 13% year-over-year, while marketing investments rose by $9 million to $52 million, aligning with efforts to increase marketing efficiency. The net profit for Q3 2024 was $15 million, down from $24 million the previous year, primarily due to increased marketing spend. Adjusted EBITDA stood at $16 million, reflecting a $13 million decrease year-over-year, although operating cash flows improved to $12 million from $8 million in Q3 2023. The company highlighted strategic geographic expansion, particularly in Europe, where bookings increased the region's share from 26% to 30%. Additionally, GDEV executed a one-for-ten reverse stock split and an at-the-market offering to enhance stock liquidity and market appeal. Overall, GDEV remains focused on sustainable growth through product evolution and marketing investments.Revenue Growth Exceeds Expectations
Revenue for Q3 2024 amounted to $111 million, reflecting a 5% growth quarter-over-quarter, and surpassed analysts' consensus on revenue and adjusted EBITDA.
Cash Flow Increase
Cash flows generated from operating activities increased to $12 million compared to $8 million in Q3 2023, demonstrating effective cash management.
Geographical Expansion Success
Bookings in Europe grew year-over-year, increasing the region’s share of total bookings from 26% to 30%. Notably strong performances were seen in Germany, France, the UK, and Poland.
Leadership Enhancement
Appointment of Olga Loskutova as Chief Operating Officer to guide studios towards achieving strategic goals and fostering sustainable growth.
Successful Launch on Steam
The launch of Pixel Gun on Steam was a huge success, stabilizing with an average of 2,500 to 3,000 concurrent users, and the number is growing month over month.
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GDEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $26.00 | $26.40 | +1.54% |
| Sep 04, 2024 | $22.01 | $22.02 | +0.05% |
| May 28, 2024 | $23.10 | $20.90 | -9.52% |
| Mar 19, 2024 | $23.00 | $23.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexters (GDEV) report earnings?
Nexters (GDEV) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Nexters (GDEV) earnings time?
Nexters (GDEV) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDEV EPS forecast?
GDEV EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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