Market ValuationDDI shares trade at what is viewed as an excessively pessimistic <1x 2025E EV/EBITDA compared with social casino gaming peers at 5x.
User Base DeclineDoubleDown is executing well against a temporarily declining user base, with plenty of competition in the social casino space, as it grows its real-money gaming business, and as it looks to expand into other casual games.
User MetricsManagement optimized gross margin and marketing expenditures to balance against declining user metrics, achieving profitability expectations.