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DoubleDown Interactive Reports Third Quarter 2026 Revenue of $94.3 Million and Earnings per Fully Diluted Common Share of $7.41

DDI
  • DoubleDown Interactive reported third quarter 2026 revenue of $94.3 million, a 1.6% decrease from $95.8 million in the same period in 2025.
  • Social casino revenue fell 3.5% to $76.8 million due to lower earnings from DoubleDown titles excluding WHOW Games.
  • Direct-to-Consumer (DTC) revenue surged to $44.6 million from $16.6 million a year ago, now representing 58.0% of total social casino revenue.
  • SuprNation iGaming subsidiary revenue rose 7.4% year-over-year to $17.4 million, driven by the success of the Los Vegas brand.
  • Operating expenses decreased to $56.8 million from $60.9 million, primarily due to lower platform fees from higher DTC share, partially offset by increased gaming duties.
  • Profit for the interim period dropped 43.9% to $18.4 million ($7.41 per fully diluted share) compared to $32.7 million ($13.21 per share) in Q3 2025, largely due to net foreign currency losses.
  • Adjusted EBITDA increased 7.2% to $40.2 million with an expanded margin of 42.7% compared to 39.1% in the prior year period.
  • Payer conversion ratio for social casino games improved to 9.5% from 7.8%, primarily attributed to the inclusion of WHOW Games.
  • Average Revenue Per Daily Active User (ARPDAU) rose to $1.44 from $1.39, while average monthly revenue per payer decreased to $216 from $272, both influenced by WHOW Games acquisition data.
  • Net cash flows from operating activities declined to $23.6 million from $33.4 million, mainly due to higher income taxes paid.
  • The company announced a tender offer by controlling shareholder DoubleU Games Co., Ltd. to acquire all outstanding ADSs at $16.25 per share, with board approval to recommend acceptance.
  • DoubleDown maintains an aggregate net cash position of $545 million to support strategic growth opportunities.
  • Average MAUs for the quarter reached 1,232,000 and average DAUs reached 575,000, reflecting continued user base growth.
Company
DoubleDown Interactive Co., Ltd.
Keywords
Nasdaq:DDI, DoubleDown Interactive Co., Ltd.