GDEV Inc. reports developments across its gaming and entertainment holding company, including financial results, operating metrics and portfolio-studio activity. The company develops and grows game franchises across mobile, browser and PC platforms through studios that include Nexters, Cubic Games, Royal Ark and Light Hour Games.
Recurring GDEV news covers revenue from in-game purchases and advertising bookings, platform commissions, game operation costs, selling and marketing spending, user acquisition strategy and PC distribution. Company updates also address studio acquisitions and ownership changes, game launches and performance within casual and idle genres, leadership changes, ordinary-share ownership and governance matters.
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) 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.
GDEV reported Q3 2024 financial results with revenue of $111 million, showing 5% quarter-over-quarter growth but a 9% year-over-year decline. The company recorded profit of $15 million, down from $24 million in Q3 2023, primarily due to increased marketing expenses. Key metrics include Adjusted EBITDA of $16 million and cash position of $153 million. European bookings share increased by 4 percentage points to 30%. The company established an at-the-market offering for up to 1,757,026 ordinary shares and appointed Olga Loskutova as new Chief Operating Officer.
GDEV (NASDAQ: GDEV) has scheduled the release of its third quarter 2024 financial results on November 14, 2024, at 8:00 a.m. Eastern Time. The company will host a conference call and webcast to discuss the results at 9:00 a.m. ET on the same day. GDEV is a gaming and entertainment holding company whose franchises, including Hero Wars, Island Hoppers, and Pixel Gun 3D, have accumulated over 550 million installs and $2.5 billion in bookings worldwide.