GDEV Inc. Stock Price, News & Analysis

GDEV Inc. (NASDAQ:GDEV) has increased its ownership stake in portfolio studio Royal Ark to 57% through a conversion option exercise. The partnership, which began in 2022, has proven successful with Royal Ark's game Idle Zombie Miner achieving significant milestones, including 17 million installs and reaching the #1 position in the Clicker/Idle genre.

The game generated approximately $23 million in revenue in H1 2025. Royal Ark's founder, Leonid Sirotin, maintains management control while benefiting from GDEV's strategic oversight and operational expertise. The new agreement supersedes all previous arrangements between the parties.

GDEV (NASDAQ:GDEV) has announced the acquisition of Light Hour Games, a Cyprus-based mobile gaming studio specializing in AI-driven casual game development. The acquired studio consists of a 15-person team led by industry veterans Konstantin Mitrofanov and Ilya Nikitin.

The strategic acquisition will provide Light Hour Games with continued creative autonomy and potential upside through revenue sharing, while gaining access to GDEV's knowledge and data platforms. The studio's expertise in AI-first workflows enables rapid game development iteration while maintaining high-quality standards.

Light Hour Games will maintain its operational independence while leveraging GDEV's resources to expand its casual gaming portfolio. The integration aims to combine Light Hour's lean structure and AI-driven toolset with GDEV's strategic capabilities in the mobile gaming market.

GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company, announced the departure of Chief Operating Officer Olga Loskutova, effective July 1, 2025. Loskutova, who has served as COO since October 2024, was instrumental in establishing crucial planning, reporting, and cross-studio coordination frameworks that form the foundation of GDEV's operating model. CEO Andrey Fadeev acknowledged her significant contributions in implementing the right structural framework during a pivotal period for the company. The announcement represents a significant leadership change after less than a year of Loskutova's tenure as COO.

GDEV (NASDAQ: GDEV) reported mixed Q1 2025 financial results. Revenue declined 9% year-over-year to $97 million, while profit reached $14 million, improving from a $5 million loss in Q1 2024. The company's strategic shift in user acquisition led to a 33% reduction in marketing expenses to $42 million. Adjusted EBITDA improved to $16 million from a $0.9 million loss year-over-year. While bookings decreased 25% to $81 million and Monthly Paying Users (MPU) dropped 26%, the Average Bookings Per Paying User (ABPPU) increased slightly by 2% to $90. The company maintains a strong liquidity position of $102 million, despite paying a special dividend of $3.31 per share. PC platform contribution remained solid at 41% of bookings, supporting lower commission costs.

GDEV Inc. (NASDAQ: GDEV) has announced the development of Pixel Gun 2, a cross-platform sequel to their successful Pixel Gun 3D franchise, set to launch in early 2026. The game will be initially available on iOS, Android, and Steam, with console versions planned for later release.

The announcement follows Pixel Gun 3D's impressive 12-year track record, accumulating over 300 million installs and generating more than $230 million in bookings. The game maintains 3 million monthly active users. The sequel promises enhanced graphics, modern shooter mechanics, full cross-platform play, and fair free-to-play monetization while maintaining the franchise's signature pixel-art style.

GDEV Inc. (NASDAQ: GDEV) has released its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenue declined 11% year-over-year to $98 million, while profit decreased to $2 million from $11 million in Q4 2023.

Key highlights include:

• Adjusted EBITDA grew 22% year-over-year to $12 million
• Average Bookings Per Paying User (ABPPU) increased 10% to $102
• European market bookings share expanded by 5 percentage points to 32%
• PC platform maintained 43% of bookings
• Operating cash flow remained positive at $5 million
• Strong cash position of $151 million

The company reported reduced selling and marketing expenses (-14% YoY) and game operation costs (-5% YoY), reflecting a strategic shift toward higher-margin audience acquisition. Monthly paying users declined 19% in Q4 2024 compared to Q4 2023.

GDEV Inc. (Nasdaq: GDEV) has issued a clarification regarding its previously announced special cash dividend of $3.31 per share. The dividend is payable on March 11, 2025, to shareholders of record as of March 3, 2025, with an ex-dividend date of March 12, 2025.

According to Nasdaq Rule 11140(b)(2), when a cash dividend's value exceeds 25% of the security's value, the ex-dividend date is set for the first business day after the payable date. Based on GDEV's closing bid price of $12.82 on February 20, 2025, Nasdaq will reset the opening trading price on March 12 to reflect the dividend payment.

Investors should note that the trading price is expected to be lower on the ex-dividend date compared to March 11, reflecting the dividend amount. Purchasers of GDEV shares on or after the ex-dividend date will not receive this special dividend.

GDEV is a gaming and entertainment holding company whose franchises, including Hero Wars and Pixel Gun 3D, have accumulated over 550 million installs and $2.5 billion in bookings worldwide.

GDEV Inc. (Nasdaq: GDEV) has announced a one-time special cash dividend of $3.31 per share, representing approximately 20% yield based on the 30-day volume-weighted average price. The dividend, totaling $60 million, will be paid on March 11, 2025, to shareholders of record as of March 3, 2025.

The distribution will be funded from accumulated profits and represents a portion of GDEV's total cash balance of approximately $153 million (as of Q3 2024). The company will remain debt-free after the distribution and maintains a substantial cash balance for future growth initiatives.

This is GDEV's first dividend since its public listing, and the company does not anticipate declaring further dividends in the foreseeable future. The decision aims to optimize capital structure and reduce excess liquidity while maintaining financial stability.

GDEV Inc. (NASDAQ: GDEV) announced a significant leadership change with founder and CEO Andrey Fadeev being appointed as Chairperson of the Board, effective immediately. This strategic move aims to strengthen alignment between strategic oversight and operational execution.

Current Independent Chairperson Natasha Braginsky Mounier will step down and depart from the Board, receiving a severance payment for her services. The Board will maintain its independent majority with three out of five directors serving as independent members. Board committee reassignments include Tal Shoham joining the Audit Committee and Marie Holive joining the Nomination and Compensation Committee.

The company emphasizes this transition as part of its strategy to accelerate decision-making and capitalize on market opportunities while maintaining strong corporate governance standards.