Welcome to our dedicated page for Doubledown Interactive Co., Ltd. news (Ticker: DDI), a resource for investors and traders seeking the latest updates and insights on Doubledown Interactive Co., Ltd. stock.
DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) is a developer and publisher of digital games on mobile and web-based platforms, with a focus on social casino and iGaming content. The news flow around DoubleDown provides insight into how the company manages its gaming portfolio, reports financial performance, and executes on acquisitions and capital markets activity.
Visitors to this DDI news page can review company-issued press releases covering quarterly financial results, conference call announcements, and operational updates. Earnings releases detail revenue from social casino/free-to-play games and from SuprNation, the company’s iGaming subsidiary that operates three real-money sites in Western Europe. These updates also include non-financial metrics such as monthly active users, daily active users, ARPDAU, average monthly revenue per payer, and payer conversion for the social casino business.
News items also document DoubleDown Interactive’s corporate actions. Recent examples include announcements about entering into and completing the acquisition of WHOW Games GmbH, a social casino developer headquartered in Hamburg, Germany, and secondary offerings of American Depositary Shares by a selling shareholder under shelf registration statements. Filings and press releases linked here explain that these offerings do not change the number of common shares outstanding and that the company does not receive proceeds from the sales.
Other releases highlight DoubleDown’s transition to reporting under International Financial Reporting Standards (IFRS), as well as community-oriented initiatives such as a donation to Meals on Wheels America. For investors and followers of DDI stock, this news page aggregates the company’s official communications, making it easier to track developments in its social casino and iGaming operations, financial reporting, and corporate transactions over time.
DoubleDown Interactive (NASDAQ: DDI), a leading digital game developer, announced a $10,000 donation to the American Cancer Society (ACS) for Breast Cancer Awareness Month. The company will host a play-to-enter giveaway, Penny's Stride for the Cure, on October 5-6, 2024, in DoubleDown Casino to engage players and raise awareness for ACS's Making Strides Against Breast Cancer walks.
This marks the fourth consecutive year of DoubleDown's partnership with ACS. CEO In Keuk Kim expressed pride in supporting this meaningful cause. Amanda Torfi, Senior Executive Director for ACS, welcomed DoubleDown's continued support in the fight against breast cancer.
Players can participate in DoubleDown Casino on mobile devices and desktop computers. The company recently expanded its portfolio by acquiring SuprNation in October 2023, now operating three real-money iGaming sites in Western Europe.
DoubleDown Interactive (NASDAQ: DDI) reported strong Q2 2024 financial results. Revenue increased 17% to $88.2 million, with SuprNation contributing $7.9 million. Net income rose to $33.3 million, or $0.67 per ADS. Adjusted EBITDA grew 34% to $37.0 million, with margin improving to 41.9%. The social casino business saw 7% revenue growth, with ARPDAU increasing 27% to $1.33. The company ended Q2 with a net cash position of $303 million. CEO In Keuk Kim highlighted gains in industry share, improved player engagement, and the successful integration of SuprNation.
DoubleDown Interactive (NASDAQ: DDI), a leading developer of digital games, has announced its 2024 second quarter financial results release on August 12, 2024, after market close. The company will host a conference call and webcast at 5:00 p.m. ET the same day. Management will review financial results and provide a business update, followed by a Q&A session. Interested parties can register for the call and access the webcast through provided links. DoubleDown is known for its flagship social casino title, DoubleDown Casino, and recently expanded into real-money iGaming in Western Europe through the acquisition of SuprNation in October 2023.
DoubleDown Interactive (NASDAQ: DDI), a leading digital game developer, has announced a $10,000 donation to the ASPCA to support animal welfare efforts. The company will host a 'Claws for the Cause' event on July 27-28, 2024, allowing DoubleDown Casino players to participate in a play-to-enter giveaway and learn about the ASPCA's work, particularly during 'kitten season'.
CEO In Keuk Kim expressed pride in supporting the ASPCA and highlighted the company's passion for animal welfare. The ASPCA's Matthew Carroll thanked DoubleDown for their continued contributions and efforts to raise awareness about the needs of shelters during kitten season. The initiative aims to encourage public support through adoption and fostering of shelter animals.
DoubleDown Interactive, a leading developer and publisher of digital games, will participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 16, 2024. Chief Financial Officer, Joe Sigrist, will present at the event and host virtual meetings with investors. The company's flagship title, DoubleDown Casino, is a popular social casino game enjoyed by millions worldwide.
DoubleDown Interactive Co., reported strong financial results for the first quarter of 2024, with revenue increasing to $88.1 million, net income rising to $30.4 million, and Adjusted EBITDA growing to $31.9 million. The acquisition of SuprNation contributed to revenue growth, while operating expenses also increased. DoubleDown's social casino games showed positive performance metrics, with ARPDAU and average revenue per payer increasing year-over-year.
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