DoubleDown Interactive (NASDAQ: DDI) posts 11% revenue growth and $39M Q2 Adjusted EBITDA
Rhea-AI Filing Summary
DoubleDown Interactive reported strong unaudited results for the quarter ended June 30, 2026. Revenue rose 11.2% to $94.3 million, driven mainly by social casino/free-to-play revenue of $77.3 million and iGaming revenue of $17.0 million. Direct-to-Consumer channels expanded sharply, with DTC revenue reaching $40.5 million and accounting for 52.4% of social casino revenue, up from 15.4% a year earlier, helped by the WHOW Games acquisition. SuprNation’s iGaming business also grew revenue by 9.8%, supported by the Los Vegas brand.
Profit attributable to shareholders increased 50.5% to $32.9 million, with diluted EPS of $13.27 per common share ($0.66 per ADS). Adjusted EBITDA rose to $39.3 million, with margin improving to 41.6%. Key social casino KPIs improved, including a higher payer conversion ratio of 9.4% and ARPDAU of $1.42, though average monthly revenue per payer declined to $218. Operating cash flow was robust at $24.6 million for the quarter and $71.0 million for the first half, supporting cash and cash equivalents of $455.2 million and what management describes as an aggregate net cash position of $521 million. A special committee continues to evaluate a non-binding proposal from the controlling shareholder to acquire the remaining ADSs at $11.25 per ADS.
Positive
- Revenue grew 11.2% year over year in Q2 2026 to $94.3 million, indicating solid top-line expansion across social casino and iGaming.
- Earnings per fully diluted common share rose 50.5% to $13.27 (or $0.66 per ADS), reflecting strong profitability gains.
- Adjusted EBITDA increased 17.2% to $39.3 million, with margin widening to 41.6%, showing improved operating efficiency.
- First-half net cash inflow from operating activities reached $71.0 million, supporting strong internal cash generation.
- Cash and cash equivalents of $455.2 million and management’s stated $521 million aggregate net cash position provide significant financial flexibility.
- Direct-to-Consumer revenue rose to $40.5 million and reached 52.4% of social casino revenue, reducing reliance on third-party platforms.
- Social casino KPIs strengthened, with payer conversion up to 9.4% and ARPDAU up to $1.42, supporting higher monetization per active user.
Negative
- Average monthly revenue per payer in social casino declined from $286 to $218, indicating lower spend per paying user despite higher conversion.
- Foreign currency translation produced a $7.5 million loss for the first half of 2026, contributing to accumulated comprehensive loss of $12.1 million.
- The iGaming segment remained loss-making, with Q2 2026 profit before income tax at -$0.98 million, though improved from the prior year.
Filing Explained
The filing extends related-party debt to May 27, 2028, while reporting no change in common shares outstanding.
As a foreign private issuer’s interim report, Form 6-K furnishes material home-market information; here, DoubleDown Interactive furnished unaudited second-quarter and six-month statements for the period ended
The statements list
Separately, DoubleU Games’ related-party 4.6% senior notes had principal outstanding at
The extension changes the stated maturity date but leaves the related-party repayment obligation outstanding.
Key Figures
Q2 2026 Revenue: $94.3 million
Q2 2026 Profit attributable to shareholders: $32.9 million
Q2 2026 Diluted EPS per common share: $13.27
+5 more
8 metrics
Q2 2026 Revenue
$94.3 million
Revenue for the three months ended June 30, 2026; up 11.2% year over year
Q2 2026 Profit attributable to shareholders
$32.9 million
Profit for the interim period (excluding non-controlling interest) in Q2 2026
Q2 2026 Diluted EPS per common share
$13.27
Earnings per fully diluted common share in Q2 2026; up 50.5% from $8.82
Q2 2026 Adjusted EBITDA
$39.3 million
Adjusted EBITDA for Q2 2026 with a 41.6% margin
Net cash from operating activities H1 2026
$71.0 million
Net cash inflow from operating activities for the six months ended June 30, 2026
Cash and cash equivalents
$455,222 thousand
Balance as of June 30, 2026 on the consolidated interim statement of financial position
Payer conversion ratio
9.4%
Social casino/free-to-play payer conversion in Q2 2026, up from 7.0%
Average monthly revenue per payer
$218
Social casino/free-to-play average monthly revenue per payer in Q2 2026, down from $286
Key Terms
Adjusted EBITDA, Direct-to-Consumer, Payer Conversion ratio, iGaming, +2 more
6 terms
Adjusted EBITDA financial
"Adjusted EBITDA rose 17.2% to $39.3 million for the second quarter of 2026"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Direct-to-Consumer financial
"Direct-to-Consumer (“DTC”) revenue represents revenue from purchases made through Company-owned channels"
A direct-to-consumer (DTC) model is when a company sells its products or services straight to customers, skipping middlemen like retailers or wholesalers. For investors, DTC matters because it can mean higher profit margins, closer customer relationships and faster feedback—like a baker who sells directly from the shop instead of through a grocery chain—while also exposing the business to costs for marketing, customer support and logistics that affect growth and profitability.
Payer Conversion ratio financial
"Payer Conversion ratio for the Company’s social casino/free-to-play games increased to 9.4%"
iGaming financial
"In October 2023, the Company acquired an iGaming operator, SuprNation AB"
iGaming involves playing betting or casino-style games over the internet, allowing people to wager money on digital platforms. It matters to investors because it represents a rapidly growing segment of the entertainment industry, driven by technological advances and changing consumer habits, which can lead to new revenue opportunities and market expansion.
contract liabilities financial
"Contract liabilities are summarized with balances of $1,722 and $1,861"
Contract liabilities are amounts a company has been paid in advance for goods or services it still owes to customers — think of them like gift cards or prepaid subscriptions the company must fulfill later. For investors, they show promised future work or deliveries that will turn into revenue over time, reveal cash already collected, and help assess whether a firm has a backlog of obligations that could affect future earnings and cash flow.
defined benefit pension plan financial
"We operate a defined benefit pension plan under employment regulations in Korea"
A defined benefit pension plan is a retirement program that promises participants a specific monthly payment in retirement, usually based on salary and years worked, with the employer responsible for funding and making up any shortfall. Think of it as the company guaranteeing a steady paycheck in retirement while handling the investments and risks. Investors care because shortfalls become long-term liabilities that can require large cash contributions, affect profitability and borrowing costs, and add uncertainty to a company’s financial health.
Earnings Snapshot
Q2 2026 Revenue: $94.3 million
Three and six months ended June 30, 2026
Q2 2026 Revenue
$94.3 million
up 11.2% vs Q2 2025
Q2 2026 Profit attributable to shareholders
$32.9 million
up 50.5% vs $21.8 million in Q2 2025
Q2 2026 Diluted EPS per common share
$13.27
up 50.5% vs $8.82 in Q2 2025
Q2 2026 Adjusted EBITDA
$39.3 million
up 17.2% vs $33.5 million in Q2 2025
Q2 2026 Adjusted EBITDA margin
41.6%
up from 39.5% in Q2 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did DoubleDown Interactive (DDI) perform financially in Q2 2026?
DoubleDown Interactive reported Q2 2026 revenue of $94.3 million, up 11.2% year over year, and profit attributable to shareholders of $32.9 million. Adjusted EBITDA was $39.3 million with a 41.6% margin.
How fast is DoubleDown Interactive’s Direct-to-Consumer business (DDI) growing?
Direct-to-Consumer revenue rose to $40.5 million in Q2 2026 from $10.7 million a year earlier. DTC represented 52.4% of social casino revenue, up from 15.4%, reflecting a major channel shift toward company-owned platforms.
What is DoubleDown Interactive’s (DDI) cash and net cash position?
As of June 30, 2026, DoubleDown Interactive reported $455.2 million in cash and cash equivalents and $98.5 million in short-term investments. Management stated an aggregate net cash position of $521 million, after considering borrowings.
How are DoubleDown Interactive’s (DDI) user metrics trending?
For social casino games in Q2 2026, payer conversion increased to 9.4% from 7.0%, and ARPDAU rose to $1.42 from $1.33. However, average monthly revenue per payer decreased to $218 from $286.
What is the status of the take-private proposal for DoubleDown Interactive (DDI)?
The company received a non-binding expression of interest from controlling shareholder DoubleU Games to acquire remaining shares for $11.25 per ADS. A special committee of independent directors continues to evaluate the proposal, and no transaction is assured.
Does DoubleDown Interactive (DDI) face any legal proceedings?
The company disclosed it is involved in several U.S. lawsuits and arbitrations alleging its social casino games constitute illegal gambling. Management stated it cannot reasonably predict the outcome or financial impact of these proceedings at this time.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM 6-K
__________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2026
Commission File Number 001-39349
__________________________
(Translation of registrant’s name into English)
__________________________
Joseph A. Sigrist, Chief Financial Officer
c/o Double Down Interactive LLC
6671 S. Las Vegas Blvd.
Building D, Suite 210
Las Vegas, NV 89119
'+1-702-761-6899
(Address of principal executive offices)
__________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
x Form 20-F o Form40-F
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Issuance of Press Release
On August 11, 2026, DoubleDown Interactive Co., Ltd. (the “Company”) issued a press release announcing its unaudited financial results for the second quarter ended June 30, 2026, together with its unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2026.
This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-290402), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 99.1 | Press release of the Company, dated August 11, 2026 | |||||||
| 99.2 | Unaudited condensed consolidated interim financial statements of the Company for the three and six months ended June 30, 2026 | |||||||
| 101.SCH | XBRL Taxonomy Extension Schema Document | |||||||
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | |||||||
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document | |||||||
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| DOUBLEDOWN INTERACTIVE CO., LTD. | |||||||||||
Date: August 11, 2026 | |||||||||||
| By: | /s/ Joseph A. Sigrist | ||||||||||
Name: Joseph A. Sigrist | |||||||||||
Title: Chief Financial Officer | |||||||||||
Exhibit 99.1
DoubleDown Interactive Second Quarter 2026 Revenue Rises 11.2% to $94.3 Million
and Earnings per Fully Diluted Common Share Increase 50.5% to $13.27
SEOUL, KOREA – August 11, 2026 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, today announced unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 vs. Second Quarter 2025 Summary:
•Revenue rose 11.2% to $94.3 million in the second quarter of 2026 compared to $84.8 million in the second quarter of 2025.
◦Revenue from the Company’s social casino/free-to-play games was $77.3 million in the second quarter of 2026, an 11.5% increase from the second quarter of 2025. The increase was primarily due to contributions from WHOW Games GmbH (“WHOW Games”), which was acquired by the Company in July 2025.
◦Direct-to-Consumer (“DTC”)1 revenue rose to $40.5 million in the second quarter of 2026, compared to $10.7 million in the second quarter of 2025. DTC revenue as a percentage of total social casino revenue increased to 52.4% in the second quarter of 2026 from 15.4% in the second quarter of 2025.
◦Revenue from SuprNation, the Company’s iGaming subsidiary, increased 9.8% year over year to $17.0 million, primarily as a result of the continued success of the Company’s newest brand, Los Vegas.
•Operating expenses were $57.8 million in the second quarter of 2026 compared to $52.4 million in the second quarter of 2025, primarily due to the inclusion of operating expenses of WHOW Games.
•Profit for the interim period (excluding non-controlling interest) rose 50.5% to $32.9 million, or earnings per fully diluted common share of $13.27 ($0.66 per American Depositary Share (“ADS”)), in the second quarter of 2026, compared to $21.8 million, or earnings per fully diluted common share of $8.82 ($0.44 per ADS), in the second quarter of 2025.
◦The increase was primarily due to higher revenue, higher unrealized gain on foreign currency, and lower cost of revenue attributable to a higher proportion of DTC revenue, partially offset by higher overall operating expenses, which were primarily due to the inclusion of WHOW Games, and increased costs to support SuprNation’s revenue growth.
◦Each ADS represents 0.05 share of a common share.
◦Adjusted EBITDA rose 17.2% to $39.3 million for the second quarter of 2026, compared to $33.5 million in the second quarter of 2025. Adjusted EBITDA margin increased to 41.6% in the second quarter of 2026, compared to 39.5% in the second quarter of 2025.
•Beginning in the fourth quarter of 2025, social casino KPIs are inclusive of those from WHOW Games.
◦Payer Conversion ratio for the Company’s social casino/free-to-play games increased to 9.4% in the second quarter of 2026 from 7.0% in the second quarter of 2025, primarily as a result of the inclusion of WHOW Games, which has a higher Payer Conversion ratio.
1 Direct-to-Consumer revenue represents revenue from purchases made through Company-owned channels, including web storefront transactions and other direct payment flows.
◦Average Revenue Per Daily Active User (“ARPDAU”) for the Company’s social casino/free-to-play games increased to $1.42 in the second quarter of 2026 from $1.33 in the second quarter of 2025, primarily as a result of the inclusion of WHOW Games, which has a higher ARPDAU.
◦Average monthly revenue per payer for the social casino/free-to-play games decreased to $218 in the second quarter of 2026 from $286 in the second quarter of 2025, primarily as a result of the inclusion of WHOW Games, which has a lower average revenue per payer.
•Net cash flows from operating activities increased to $24.6 million in the second quarter of 2026 from $19.7 million in the second quarter of 2025. The increase is primarily due to lower income taxes paid.
"Our double-digit year-over-year revenue and adjusted EBITDA growth in the second quarter reflect our team’s continued focus on operational excellence," said In Keuk Kim, Chief Executive Officer of DoubleDown. "These strong quarterly results highlight ongoing growth in our Direct-to-Consumer segment, which now accounts for over 50% of total social casino revenue. Performance was driven by contributions from WHOW Games, solid growth in our core social casino business that we believe outpaced the broader market, and continued year-over-year momentum from SuprNation, our iGaming business, following the successful launch of our 'Los Vegas' brand.
"Our ability to consistently drive a high conversion of revenue to cash flow remains a top operating priority, resulting in $24.6 million of net cash flow from operations in the second quarter and a total of $71.0 million for the first half of 2026. As we look to the second half of 2026, we are well positioned to build upon our success. With an aggregate net cash position of $521 million, DoubleDown's strong balance sheet provides us with substantial financial flexibility to pursue strategic growth opportunities as well as additional value-building initiatives and transactions for our shareholders."
Summary Operating Results for DoubleDown Interactive (Unaudited)
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Revenue ($ MM) | $ | 94.3 | $ | 84.8 | $ | 188.4 | $ | 168.3 | |||||||||
| Total operating expenses ($ MM) | (57.8) | (52.4) | (116.5) | (106.3) | |||||||||||||
Profit for the interim period (excluding non-controlling interest) ($ MM) | $ | 32.9 | $ | 21.8 | $ | 68.3 | $ | 45.7 | |||||||||
| Adjusted EBITDA ($ MM) | $ | 39.3 | $ | 33.5 | $ | 77.5 | $ | 64.2 | |||||||||
| Profit margin | 34.9 | % | 25.8 | % | 36.2 | % | 27.2 | % | |||||||||
| Adjusted EBITDA margin | 41.6 | % | 39.5 | % | 41.1 | % | 38.2 | % | |||||||||
Non-financial performance metrics(1) | |||||||||||||||||
| Average MAUs (000s) | 1,252 | 1,163 | 1,310 | 1,200 | |||||||||||||
| Average DAUs (000s) | 597 | 578 | 614 | 593 | |||||||||||||
| ARPDAU | $ | 1.42 | $ | 1.33 | $ | 1.38 | $ | 1.31 | |||||||||
| Average monthly revenue per payer | $ | 218 | $ | 286 | $ | 212 | $ | 281 | |||||||||
| Payer conversion | 9.4 | % | 7.0 | % | 9.2 | % | 7.0 | % | |||||||||
(1)Social casino/free-to-play games only. The KPIs for the three and six months ended June 30, 2026 in the table above are inclusive of WHOW Games, which was acquired on July 14, 2025.
Update on Unsolicited Non-Binding Expression of Interest from Controlling Shareholder
We refer you to our April 29, 2026 press release, in which we announced that the Company received a non-binding expression of interest from DoubleU Games Co. Ltd., our controlling shareholder, to acquire all of the outstanding common shares (including American Depositary Shares) not currently owned thereby, at a price of $11.25 per ADS in cash. We noted in that press release that the Company formed a special committee to evaluate and negotiate with the controlling shareholder and determine the next steps that would be in the best interests of the Company and its unaffiliated shareholders. As a result, while we appreciate there are many questions from our shareholders about this proposal, neither
the Company nor its management intends to make any further announcements unless and until the Company or the special committee determine otherwise. The communications and inquiries received by the Company from shareholders are being forwarded to the special committee, which (in consultation with its legal and financial advisors) will evaluate as part of its ongoing review and evaluation process. The special committee will handle the proposal and there can be no assurance that a transaction will or will not occur and, if so, on what terms. Meanwhile, the Company continues to conduct its business and operations in the ordinary course.
Conference Call
DoubleDown will hold a conference call today (August 11, 2026) at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss these results. A question-and-answer session will follow management’s presentation.
To access the call, please use the following link: DoubleDown Second Quarter 2026 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, please register a minimum of 15 minutes before the start of the call.
A simultaneous webcast of the conference call will be available with the following link: DoubleDown Second Quarter 2026 Earnings Webcast, or via the Investor Relations page of the DoubleDown website at ir.doubledowninteractive.com. For those not planning to ask a question on the conference call, the Company recommends listening via the webcast. A replay will be available on the Company’s Investor Relations website shortly after the event.
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. The Company’s flagship social casino title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. DoubleDown’s social casino platform was expanded with WHOW Games GmbH, a developer headquartered in Hamburg, Germany, acquired in 2025. The Company’s subsidiary, SuprNation, operates four real-money iGaming sites in Western Europe.
Safe Harbor Statement
Certain statements contained in this press release are “forward-looking statements” about future events and expectations for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Use and Reconciliation of Non-IFRS Financial Measures
In addition to our results determined in accordance with IFRS, we believe the following non-IFRS financial measure is useful in evaluating our operating performance. We present “adjusted earnings before interest, taxes, depreciation and amortization” (“Adjusted EBITDA”) because we believe it assists investors and analysts by facilitating comparison of period-to-period operational performance on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. The items excluded from the Adjusted EBITDA may have a material impact on our financial results. Certain of those items are non-recurring, while others are non-cash in nature. Accordingly, the Adjusted EBITDA is presented as supplemental disclosure and should not be considered in isolation of, as a substitute for, or
superior to, the financial information prepared in accordance with IFRS, and should be read in conjunction with the condensed consolidated interim financial statements furnished in our report on Form 6-K filed with the SEC.
In our reconciliation from our reported IFRS “profit before income tax” to our Adjusted EBITDA, we eliminate the impact of the following four line items: (i) depreciation and amortization; (ii) finance income; (iii) finance cost; and (iv) other (income) expense. The below table sets forth the full reconciliation of our non-IFRS measures:
| Reconciliation of non-IFRS measures | Three months ended June 30, | Six months ended June 30, | |||||||||||||||
| (in millions, except percentages) | 2026 | 2025 | 2026 | 2025 | |||||||||||||
Profit for the interim period | $ | 32.9 | $ | 21.9 | $ | 68.3 | $ | 45.8 | |||||||||
Income tax expense | 9.5 | 8.7 | 18.5 | 17.6 | |||||||||||||
| Profit before income tax | 42.3 | 30.6 | 86.8 | 63.4 | |||||||||||||
| Adjustments for: | |||||||||||||||||
| Depreciation and amortization | 2.8 | 1.2 | 5.5 | 2.3 | |||||||||||||
| Finance income | (6.6) | (3.7) | (16.3) | (8.3) | |||||||||||||
| Finance cost | 0.7 | 5.5 | 1.3 | 7.0 | |||||||||||||
| Other (income) expense, net | — | (0.1) | 0.1 | (0.1) | |||||||||||||
| Adjusted EBITDA | $ | 39.3 | $ | 33.5 | $ | 77.5 | $ | 64.2 | |||||||||
| Adjusted EBITDA margin | 41.6 | % | 39.5 | % | 41.1 | % | 38.2 | % | |||||||||
The key differences between reconciliations of Adjusted EBITDA and Adjusted EBITDA margin under IFRS and under GAAP arise from the treatment of certain adjustments, particularly in the areas of depreciation and amortization, finance income, and finance cost per the respective accounting standards. For reconciliation of Adjusted EBITDA and Adjusted EBITDA margin under IFRS, depreciation related to right-of-use assets is included within the depreciation and amortization, and as such, is added back to Adjusted EBITDA in the reconciliation. In contrast, for reconciliation of Adjusted EBITDA and Adjusted EBITDA margin under GAAP, depreciation related to right-of-use assets is classified under general and administrative expenses, and thus, is excluded from Adjusted EBITDA in the reconciliation. The designation of finance income and finance cost in reconciliation under IFRS reflects a change in the classification of non-operating (income) expense in reconciliation under GAAP. Specifically, the non-operating (income) expense accounts under GAAP have been renamed to finance income and finance cost under IFRS.
We encourage investors and others to review our financial information in its entirety and not to rely on any single financial measure.
Company Contact:
Joe Sigrist
ir@doubledown.com
+1 (702) 761-6899
Chief Financial Officer
https://www.doubledowninteractive.com
Investor Relations Contact:
Joseph Jaffoni and Christin Armacost
JCIR
+1 (212) 835-8500
DDI@jcir.com
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statement of Financial Position
(In thousands of U.S. dollars)
| June 30, | December 31, | ||||||||||
| 2026 | 2025 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
Cash and cash equivalents | $ | 455,222 | $ | 388,891 | |||||||
Short-term investments | 98,540 | 101,142 | |||||||||
Accounts receivable, net | 39,119 | 32,017 | |||||||||
Prepaid expenses and other assets | 3,721 | 5,523 | |||||||||
| Total current assets | $ | 596,602 | $ | 527,573 | |||||||
Property and equipment, net | 948 | 1,084 | |||||||||
Right-of-use assets, net | 4,466 | 4,273 | |||||||||
Intangible assets, net | 74,353 | 79,866 | |||||||||
Goodwill | 425,267 | 426,659 | |||||||||
Deferred tax asset | — | 180 | |||||||||
Other non-current assets | 907 | 906 | |||||||||
| Total non-current assets | $ | 505,941 | $ | 512,968 | |||||||
| Total assets | $ | 1,102,543 | $ | 1,040,541 | |||||||
| Liabilities and equity | |||||||||||
Accounts payable and accrued expenses | $ | 22,877 | $ | 24,564 | |||||||
Current lease liabilities | 1,835 | 1,444 | |||||||||
Income taxes payable | 3,986 | 3,674 | |||||||||
Contract liabilities | 1,722 | 1,861 | |||||||||
| Current portion of borrowings with related party | — | 34,846 | |||||||||
Other current liabilities | 1,538 | 1,760 | |||||||||
| Total current liabilities | $ | 31,958 | $ | 68,149 | |||||||
Long-term borrowings with related party | 32,436 | — | |||||||||
Non-current lease liabilities | 3,174 | 3,309 | |||||||||
Deferred tax liabilities | 22,212 | 17,360 | |||||||||
Other non-current liabilities | 1,349 | 1,338 | |||||||||
| Total non-current liabilities | $ | 59,171 | $ | 22,007 | |||||||
| Total liabilities | $ | 91,129 | $ | 90,156 | |||||||
| Equity | |||||||||||
Share capital | 21,198 | 21,198 | |||||||||
Share premium | 359,280 | 359,280 | |||||||||
Accumulated comprehensive loss | (12,148) | (4,904) | |||||||||
Retained earnings | 642,877 | 574,623 | |||||||||
Equity attributable to DoubleDown Interactive Co., Ltd. | $ | 1,011,207 | $ | 950,197 | |||||||
Equity attributable to non-controlling interests | 207 | 188 | |||||||||
| Total equity | $ | 1,011,414 | $ | 950,385 | |||||||
| Total liabilities and equity | $ | 1,102,543 | $ | 1,040,541 | |||||||
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statement of Comprehensive Income
(Unaudited, in thousands of U.S. dollars, except per share amounts)
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Revenue | $ | 94,288 | $ | 84,813 | $ | 188,410 | $ | 168,305 | |||||||||||||||
| Operating expenses: | |||||||||||||||||||||||
Cost of revenue | (23,065) | (23,687) | (47,476) | (47,812) | |||||||||||||||||||
Sales and marketing | (13,857) | (13,087) | (31,264) | (27,225) | |||||||||||||||||||
Research and development | (3,824) | (3,195) | (7,540) | (5,687) | |||||||||||||||||||
General and administrative | (17,039) | (12,530) | (30,113) | (25,627) | |||||||||||||||||||
Other income | 45 | 145 | 79 | 185 | |||||||||||||||||||
Other expense | (44) | (45) | (186) | (94) | |||||||||||||||||||
| Total operating expenses | $ | (57,784) | $ | (52,399) | $ | (116,500) | $ | (106,260) | |||||||||||||||
| Operating profit | $ | 36,504 | $ | 32,414 | $ | 71,910 | $ | 62,045 | |||||||||||||||
Finance income | 6,573 | 3,734 | 16,250 | 8,346 | |||||||||||||||||||
Finance cost | (742) | (5,528) | (1,349) | (6,993) | |||||||||||||||||||
| Profit before income tax | $ | 42,335 | $ | 30,620 | $ | 86,811 | $ | 63,398 | |||||||||||||||
Income tax expense | (9,464) | (8,746) | (18,538) | (17,612) | |||||||||||||||||||
Profit for the interim period | $ | 32,871 | $ | 21,874 | $ | 68,273 | $ | 45,786 | |||||||||||||||
Other comprehensive income (loss): | |||||||||||||||||||||||
Pension adjustments, net of tax | 73 | 35 | 262 | 100 | |||||||||||||||||||
Gain (loss) on foreign currency translation | (1,905) | 5,658 | (7,506) | 7,128 | |||||||||||||||||||
Total comprehensive income for the interim period | $ | 31,039 | $ | 27,567 | $ | 61,029 | $ | 53,014 | |||||||||||||||
| Profit attributable to: | |||||||||||||||||||||||
DoubleDown Interactive Co., Ltd. | 32,868 | 21,842 | 68,254 | 45,688 | |||||||||||||||||||
Non-controlling interests | 3 | 32 | 19 | 98 | |||||||||||||||||||
Total comprehensive income attributable to: | |||||||||||||||||||||||
DoubleDown Interactive Co., Ltd. | 31,036 | 27,535 | 61,010 | 52,916 | |||||||||||||||||||
Non-controlling interests | 3 | 32 | 19 | 98 | |||||||||||||||||||
| Earnings per share: | |||||||||||||||||||||||
| Basic | $ | 13.27 | $ | 8.82 | $ | 27.55 | $ | 18.44 | |||||||||||||||
| Diluted | $ | 13.27 | $ | 8.82 | $ | 27.55 | $ | 18.44 | |||||||||||||||
| Weighted average shares outstanding: | |||||||||||||||||||||||
| Basic | 2,477,672 | 2,477,672 | 2,477,672 | 2,477,672 | |||||||||||||||||||
| Diluted | 2,477,672 | 2,477,672 | 2,477,672 | 2,477,672 | |||||||||||||||||||
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statement of Cash Flows
(Unaudited, in thousands of U.S. dollars)
| Six months ended June 30, | |||||||||||
| 2026 | 2025 | ||||||||||
Cash flows from operating activities | |||||||||||
Profit for the interim period | $ | 68,273 | $ | 45,786 | |||||||
| Adjustments to reconcile profit to net cash from operating activities: | |||||||||||
Depreciation and amortization | 5,459 | 2,290 | |||||||||
Unrealized gain on foreign currency | (3,899) | (130) | |||||||||
Unrealized loss on foreign currency | 29 | 1,721 | |||||||||
Gain on foreign currency transaction | (1,305) | — | |||||||||
Loss on foreign currency transaction | 29 | — | |||||||||
| Gain on disposal of financial assets and liabilities | (652) | — | |||||||||
Loss on valuation of financial assets and liabilities | 54 | 2,884 | |||||||||
Interest income | (8,666) | (7,914) | |||||||||
Interest expense | 945 | 913 | |||||||||
Miscellaneous expense | 91 | — | |||||||||
Provision for severance benefits | 190 | 226 | |||||||||
Other long-term employee benefits | 109 | 604 | |||||||||
Income tax expense | 18,538 | 17,612 | |||||||||
| Working capital adjustments: | |||||||||||
Accounts receivable, net | (7,223) | 617 | |||||||||
Prepaid expenses, and other assets | 485 | 332 | |||||||||
Other non-current assets | 100 | 52 | |||||||||
Accounts payable and accrued expenses | 549 | 1,382 | |||||||||
Contract liabilities | (140) | (155) | |||||||||
Other current and non-current liabilities | (297) | 75 | |||||||||
| Cash generated from operations | $ | 72,669 | $ | 66,295 | |||||||
| Interest received | 9,293 | 9,888 | |||||||||
| Interest paid | (3,145) | (118) | |||||||||
| Income taxes paid | (7,798) | (15,285) | |||||||||
| Net cash inflow from operating activities | $ | 71,019 | $ | 60,780 | |||||||
| Cash flows from investing activities | |||||||||||
Purchase of property and equipment | (116) | (119) | |||||||||
Disposal of property and equipment | 1 | 4 | |||||||||
Purchase of intangible assets | (5) | — | |||||||||
Disposal of financial assets at fair value through profit or loss | 44 | — | |||||||||
| Purchase of short-term investments | (178,390) | (164,311) | |||||||||
| Disposal of short-term investment | 179,425 | 146,665 | |||||||||
| Net cash (outflow) from investing activities | $ | 959 | $ | (17,761) | |||||||
| Cash flows from financing activities | |||||||||||
Repayment of lease liabilities | (991) | (548) | |||||||||
| Net cash (outflow) from financing activities | $ | (991) | $ | (548) | |||||||
Net increase in cash and cash equivalents | $ | 70,987 | $ | 42,471 | |||||||
| Effect of exchange rate changes on cash and cash equivalents | $ | (4,656) | $ | 98 | |||||||
Cash and cash equivalents at beginning of the interim period | $ | 388,891 | $ | 334,850 | |||||||
Cash and cash equivalents at end of the interim period | $ | 455,222 | $ | 377,419 | |||||||
Exhibit 99.2
DoubleDown Interactive Co., Ltd.
Condensed Consolidated Interim Financial Statements (Unaudited)
As of and for the three and six months ended June 30, 2026 and 2025
Contents
Consolidated Interim Statements of Financial Position | F-2 | ||||
Consolidated Interim Statements of Comprehensive Income | F-3 | ||||
Consolidated Interim Statements of Changes in Equity | F-4 | ||||
Consolidated Interim Statements of Cash Flows | F-5 | ||||
Notes to the Condensed Consolidated Interim Financial Statements | F-6 | ||||
F-1
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statements of Financial Position
(in thousands of U.S. dollars)
| June 30, | December 31, | ||||||||||||||||
| Notes | 2026 | 2025 | |||||||||||||||
| (unaudited) | |||||||||||||||||
| Assets | |||||||||||||||||
Cash and cash equivalents | 3 | $ | $ | ||||||||||||||
Short-term investments | 3 | ||||||||||||||||
Accounts receivable, net | 3 | ||||||||||||||||
Prepaid expenses and other assets | |||||||||||||||||
| Total current assets | $ | $ | |||||||||||||||
Property and equipment, net | |||||||||||||||||
Right-of-use assets, net | 5,14 | ||||||||||||||||
Intangible assets, net | 4 | ||||||||||||||||
Goodwill | 4 | ||||||||||||||||
Deferred tax asset | |||||||||||||||||
Other non-current assets | 3,7 | ||||||||||||||||
| Total non-current assets | $ | $ | |||||||||||||||
| Total assets | $ | $ | |||||||||||||||
| Liabilities and equity | |||||||||||||||||
Accounts payable and accrued expenses | 3,14 | $ | $ | ||||||||||||||
Current lease liabilities | 3,5,14 | ||||||||||||||||
Income taxes payable | |||||||||||||||||
Contract liabilities | |||||||||||||||||
| Current portion of borrowings with related party | 3,6,14 | ||||||||||||||||
Other current liabilities | |||||||||||||||||
| Total current liabilities | $ | $ | |||||||||||||||
Long-term borrowings with related party | 3,6,14 | ||||||||||||||||
Non-current lease liabilities | 3,5,14 | ||||||||||||||||
Deferred tax liabilities | |||||||||||||||||
Other non-current liabilities | |||||||||||||||||
| Total non-current liabilities | $ | $ | |||||||||||||||
| Total liabilities | $ | $ | |||||||||||||||
| Equity | |||||||||||||||||
Share capital | 9 | ||||||||||||||||
Share premium | 9 | ||||||||||||||||
Accumulated comprehensive loss | ( | ( | |||||||||||||||
Retained earnings | |||||||||||||||||
Equity attributable to DoubleDown Interactive Co., Ltd. | $ | $ | |||||||||||||||
Equity attributable to non-controlling interests | |||||||||||||||||
| Total equity | $ | $ | |||||||||||||||
| Total liabilities and equity | $ | $ | |||||||||||||||
See accompanying notes to the condensed consolidated interim financial statements.
F-2
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statements of Comprehensive Income
(Unaudited, in thousands of U.S. dollars, except per share amounts)
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||||||||
| Notes | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||
| Revenue | 10,15 | $ | $ | $ | $ | ||||||||||||||||||||||||
| Operating expenses: | |||||||||||||||||||||||||||||
Cost of revenue | 11,14 | ( | ( | ( | ( | ||||||||||||||||||||||||
Sales and marketing | 11 | ( | ( | ( | ( | ||||||||||||||||||||||||
Research and development | 11 | ( | ( | ( | ( | ||||||||||||||||||||||||
General and administrative | 11 | ( | ( | ( | ( | ||||||||||||||||||||||||
Other income | |||||||||||||||||||||||||||||
Other expense | ( | ( | ( | ( | |||||||||||||||||||||||||
| Total operating expenses | $ | ( | $ | ( | $ | ( | $ | ( | |||||||||||||||||||||
| Operating profit | $ | $ | $ | $ | |||||||||||||||||||||||||
Finance income | |||||||||||||||||||||||||||||
Finance cost | ( | ( | ( | ( | |||||||||||||||||||||||||
| Profit before income tax | $ | $ | $ | $ | |||||||||||||||||||||||||
Income tax expense | 8 | ( | ( | ( | ( | ||||||||||||||||||||||||
Profit for the interim period | $ | $ | $ | $ | |||||||||||||||||||||||||
Other comprehensive income (loss): | |||||||||||||||||||||||||||||
Pension adjustments, net of tax | |||||||||||||||||||||||||||||
Gain (loss) on foreign currency translation | ( | ( | |||||||||||||||||||||||||||
Total comprehensive income for the interim period | $ | $ | $ | $ | |||||||||||||||||||||||||
| Profit attributable to: | |||||||||||||||||||||||||||||
DoubleDown Interactive Co., Ltd. | |||||||||||||||||||||||||||||
Non-controlling interests | |||||||||||||||||||||||||||||
Total comprehensive income attributable to: | |||||||||||||||||||||||||||||
DoubleDown Interactive Co., Ltd. | |||||||||||||||||||||||||||||
Non-controlling interests | |||||||||||||||||||||||||||||
| Earnings per share: | 12 | ||||||||||||||||||||||||||||
| Basic | $ | $ | $ | $ | |||||||||||||||||||||||||
| Diluted | $ | $ | $ | $ | |||||||||||||||||||||||||
| Weighted average shares outstanding: | |||||||||||||||||||||||||||||
| Basic | |||||||||||||||||||||||||||||
| Diluted | |||||||||||||||||||||||||||||
See accompanying notes to the condensed consolidated interim financial statements.
F-3
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statements of Changes in Equity
(in thousands of U.S. dollars)
| Attributable to DoubleDown Interactive Co., Ltd | |||||||||||||||||||||||||||||||||||||||||||||||
| Notes | Share capital | Share premium | Accumulated other comprehensive income (loss) | Retained earnings | Sub-total | Non - controlling interests | Total equity | ||||||||||||||||||||||||||||||||||||||||
| As of January 1, 2025 | 9 | $ | $ | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) for the interim period | |||||||||||||||||||||||||||||||||||||||||||||||
Profit for the interim period | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Sub-total of comprehensive income (loss) for the interim period | $ | — | $ | — | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||
| As of June 30, 2025 (unaudited) | 9 | $ | $ | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||
| Transaction with owners, recognized directly in equity | |||||||||||||||||||||||||||||||||||||||||||||||
| As of January 1, 2026 | 9 | $ | $ | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) for the interim period | |||||||||||||||||||||||||||||||||||||||||||||||
Profit for the interim period | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) | — | — | ( | — | ( | — | ( | ||||||||||||||||||||||||||||||||||||||||
Sub-total of comprehensive income (loss) for the interim period | $ | — | $ | — | $ | ( | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||
| As of June 30, 2026 (unaudited) | 9 | $ | $ | $ | ( | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||
See accompanying notes to the condensed consolidated interim financial statements.
F-4
DoubleDown Interactive Co., Ltd.
Consolidated Interim Statements of Cash Flows
(Unaudited, in thousands of U.S. dollars)
| Six months ended June 30, | |||||||||||||||||
| Notes | 2026 | 2025 | |||||||||||||||
Cash flows from operating activities | |||||||||||||||||
Profit for the interim period | $ | $ | |||||||||||||||
| Adjustments to reconcile profit to net cash from operating activities: | |||||||||||||||||
Depreciation and amortization | 4,5,11,15 | ||||||||||||||||
Unrealized gain on foreign currency | 3 | ( | ( | ||||||||||||||
Unrealized loss on foreign currency | 3 | ||||||||||||||||
Gain on foreign currency transaction | 3 | ( | |||||||||||||||
Loss on foreign currency transaction | 3 | ||||||||||||||||
| Gain on disposal of financial assets and liabilities | 3 | ( | |||||||||||||||
Loss on valuation of financial assets and liabilities | 3 | ||||||||||||||||
Interest income | 3 | ( | ( | ||||||||||||||
Interest expense | 3 | ||||||||||||||||
Miscellaneous expense | |||||||||||||||||
Provision for severance benefits | 7 | ||||||||||||||||
Other long-term employee benefits | |||||||||||||||||
Income tax expense | |||||||||||||||||
| Working capital adjustments: | |||||||||||||||||
Accounts receivable, net | ( | ||||||||||||||||
Prepaid expenses, and other assets | |||||||||||||||||
Other non-current assets | |||||||||||||||||
Accounts payable and accrued expenses | |||||||||||||||||
Contract liabilities | ( | ( | |||||||||||||||
Other current and non-current liabilities | ( | ||||||||||||||||
| Cash generated from operations | $ | $ | |||||||||||||||
| Interest received | |||||||||||||||||
| Interest paid | ( | ( | |||||||||||||||
| Income taxes paid | ( | ( | |||||||||||||||
| Net cash inflow from operating activities | $ | $ | |||||||||||||||
| Cash flows from investing activities | |||||||||||||||||
Purchase of property and equipment | ( | ( | |||||||||||||||
Disposal of property and equipment | |||||||||||||||||
Purchase of intangible assets | ( | ||||||||||||||||
Disposal of financial assets at fair value through profit or loss | |||||||||||||||||
| Purchase of short-term investments | ( | ( | |||||||||||||||
| Disposal of short-term investment | |||||||||||||||||
| Net cash (outflow) from investing activities | $ | $ | ( | ||||||||||||||
| Cash flows from financing activities | |||||||||||||||||
Repayment of lease liabilities | ( | ( | |||||||||||||||
| Net cash (outflow) from financing activities | $ | ( | $ | ( | |||||||||||||
Net increase in cash and cash equivalents | $ | $ | |||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | $ | ( | $ | ||||||||||||||
Cash and cash equivalents at beginning of the interim period | $ | $ | |||||||||||||||
Cash and cash equivalents at end of the interim period | $ | $ | |||||||||||||||
See accompanying notes to the condensed consolidated interim financial statements.
F-5
DoubleDown Interactive Co., Ltd.
Notes to the Condensed Consolidated Interim Financial Statements (unaudited)
1. General information
Background and nature of operations
DoubleDown Interactive Co., Ltd. (“DDI,” “we,” “us,” “Parent Company,” “our” or “the Company,” formerly known as The8Games Co., Ltd.) was incorporated in 2008 in Seoul, Korea as an interactive entertainment studio, focused on the development and publishing of casual games and mobile applications. DDI is a subsidiary of DoubleU Games Co., Ltd. (“DUG” or “DoubleU Games”), a Korean company and our controlling shareholder holding 67.1 % of our outstanding shares. In 2017, DDI acquired DoubleDown Interactive LLC (“DDI-US”) from International Gaming Technologies (“IGT”) for approximately $825 million. DDI-US is our primary revenue-generating company. In October 2023, the Company acquired an iGaming operator, SuprNation AB (together with its subsidiaries, “SuprNation”), which is now a direct, wholly-owned subsidiary of DDI-US. The acquisition diversifies the digital games categories that the Company addresses with the addition of four real-money iGaming sites in Europe. In July 2025, the Company acquired WHOW Games GmbH, a social casino developer headquartered in Hamburg, Germany (“WHOW Games”), which is now a direct, wholly-owned subsidiary of DDI-US. In September 2025, DDI-US completed the conversion from a Washington limited liability company to a Nevada limited liability company.
We develop and publish digital gaming contents on various mobile and web platforms through our multi-format interactive all-in-one game experience concept. We host DoubleDown Casino, DoubleDown Classic, and DoubleDown Fort Knox within various formats, SuprNation’s four brands, Duelz, VoodooDreams, NYSpins and Los Vegas on web platforms, and WHOW Games’ proprietary brands, mainly MyJackpot and Lounge777, and licensed brand, mainly Merkur24, on both web and mobile platforms.
On September 2, 2021, we completed our initial public offering (“IPO”) of American Depositary Shares (“ADSs”), each representing 0.05 share of a common share, with par value of ₩10,000 per share, of the Company. Our ADSs trade on the NASDAQ Stock Market (“NASDAQ”) under the symbol “DDI.”
2. Basis of preparation and material accounting policies
Basis of preparation
The accompanying condensed consolidated interim financial statements are presented in conformity with IAS 34, Interim Financial Reporting, as issued by International Accounting Standard Board (“IASB”), and include the accounts of DDI and its controlled subsidiaries. All intercompany transactions, balances, and unrealized gains or losses have been eliminated. Our unaudited condensed consolidated interim financial statements include all adjustments of a normal, recurring nature necessary for the fair statement of the results for the interim periods presented. The results for the interim period presented are not necessarily indicative of those for the full year. The condensed consolidated interim financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2025.
Use of estimates
The preparation of financial statements in conformity with IFRS requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures. We base our estimates and assumptions on current facts, historical experience, and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and the actual results, future operating results may be affected.
F-6
The significant accounting estimates and assumptions used in the preparation of these condensed consolidated interim financial statements are consistent with those applied in the preparation of the annual consolidated financial statements for the year ended December 31, 2025, except for the estimation method used in determining income tax expense.
The income tax expense for the interim period is calculated by applying the estimated average annual effective tax rate to the profit before tax for the period.
Accounting policies
The accounting policies applied in the preparation of these condensed consolidated interim financial statements are consistent with those applied in the preparation of the consolidated financial statements as of and for the year ended December 31, 2025, except for the adoption of new standards or interpretations effective from January 1, 2026.
New standards and interpretations adopted during the interim period
Amendments to IFRS 7 Financial Instruments: Disclosures and IFRS 9 Financial Instruments - Classification and Measurement of Financial Instruments
The amendments to IFRS 7 and IFRS 9 clarify the classification and measurement of financial assets, including the assessment of the solely payments of principal and interest criterion for financial assets with ESG-linked features. The amendments are effective for annual reporting periods beginning on or after January 1, 2026, with earlier adoption permitted. The Company has applied the amendments retrospectively to the earliest comparative period presented. The adoption of these amendments does not have a material impact on the Company’s condensed consolidated interim financial statements.
3. Financial instruments
3.1. Financial assets
Financial assets by category as of June 30, 2026 and December 31, 2025 are as follows (in thousands):
| June 30, 2026 | ||||||||
Financial assets at fair value through profit or loss | Financial assets measured at amortized cost | |||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | $ | ||||||
| Short-term investments | ||||||||
| Accounts receivable, net | ||||||||
| Accrued income | ||||||||
| Total | $ | $ | ||||||
| Non-current assets | ||||||||
| Financial assets at fair value through profit or loss | ||||||||
| Total | $ | $ | ||||||
F-7
| December 31, 2025 | ||||||||
Financial assets at fair value through profit or loss | Financial assets measured at amortized cost | |||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | $ | ||||||
| Short-term investments | ||||||||
| Accounts receivable, net | ||||||||
| Accrued income | ||||||||
| Financial assets at fair value through profit or loss | ||||||||
| Total | ||||||||
| Non-current assets | ||||||||
| Financial assets at fair value through profit or loss | ||||||||
| Total | $ | $ | ||||||
3.2. Financial liabilities
Financial liabilities by category as of June 30, 2026 and December 31, 2025 are as follows (in thousands):
| June 30, 2026 | ||||||||
Financial liabilities at fair value through profit or loss | Financial liabilities measured at amortized cost | |||||||
Current liabilities | ||||||||
| Accounts payable | $ | $ | ||||||
Accrued expenses (1) | ||||||||
| Current lease liabilities | ||||||||
| Total | $ | $ | ||||||
Non-current liabilities | ||||||||
| Non-current lease liabilities | ||||||||
| Long-term borrowings with related party | ||||||||
| Total | $ | $ | ||||||
(1)Exclude payroll liabilities that should be paid to employees such as annual leave allowance.
| December 31, 2025 | ||||||||
Financial liabilities at fair value through profit or loss | Financial liabilities measured at amortized cost | |||||||
Current liabilities | ||||||||
| Accounts payable | $ | $ | ||||||
Accrued expenses (1) | ||||||||
| Current lease liabilities | ||||||||
Current portion of borrowings with related party | ||||||||
| Total | $ | $ | ||||||
Non-current liabilities | ||||||||
| Non-current lease liabilities | ||||||||
| Total | $ | $ | ||||||
(1)Exclude payroll liabilities that should be paid to employees such as annual leave allowance.
3.3. Fair value hierarchy
Fair value hierarchy classifications of the financial assets that are measured at fair value disclosed in fair value as of June 30, 2026 and December 31, 2025 are as follows (in thousands):
F-8
| June 30, 2026 | ||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||
Financial assets and liabilities at fair value through profit or loss | ||||||||||||||
| Financial assets | $ | $ | $ | $ | ||||||||||
| December 31, 2025 | ||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||
Financial assets and liabilities at fair value through profit or loss | ||||||||||||||
| Financial assets | $ | $ | $ | $ | ||||||||||
3.4. Valuation techniques and the inputs
The valuation techniques and inputs used for fair value measurements and disclosed fair values categorized within Level 2 and Level 3 of the fair value hierarchy as of June 30, 2026 and December 31, 2025 are as follows (in thousands):
| June 30, 2026 | December 31, 2025 | Level | Valuation techniques | |||||||||||
Capital contribution to cooperatives | $ | $ | 3 | Market-based fair value approach | ||||||||||
Derivative instruments (Money Market Trust) | $ | $ | 2 | Discounted Cash Flow Method | ||||||||||
Financial liabilities at fair value through profit or loss | $ | $ | 2 | Market-based fair value approach | ||||||||||
3.5. Net gains or losses by category of financial instruments
Net gains or losses by category of financial instruments for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):
F-9
| Three months ended June 30, | Six months ended June 30, | |||||||||||||
| (in thousands) | 2026 | 2025 | 2026 | 2025 | ||||||||||
| Financial assets at fair value through profit or loss | ||||||||||||||
Gain on valuation of financial assets | $ | ( | $ | ( | $ | $ | ||||||||
| Loss on valuation of financial assets | ( | ( | ( | ( | ||||||||||
| Gains (losses) on disposal of financial assets | ( | |||||||||||||
| Sub-total | $ | ( | $ | ( | $ | $ | ( | |||||||
| Financial assets at amortized cost | ||||||||||||||
| Interest income | ||||||||||||||
Gain on foreign currency transactions | ( | |||||||||||||
| Unrealized gain on foreign currency | ( | |||||||||||||
Loss on foreign currency transactions | ( | ( | ( | ( | ||||||||||
| Unrealized loss on foreign currency | ( | ( | ( | |||||||||||
| Sub-total | $ | $ | $ | $ | ||||||||||
| Total | $ | $ | $ | $ | ||||||||||
Financial liabilities at fair value through profit or loss | ||||||||||||||
Loss on valuation of financial liabilities | $ | $ | ( | $ | $ | ( | ||||||||
Sub-total | $ | $ | ( | $ | $ | ( | ||||||||
| Financial liabilities at amortized cost | ||||||||||||||
| Interest expense | ( | ( | ( | ( | ||||||||||
Gain on foreign currency transactions | ||||||||||||||
Loss on foreign currency transactions | ( | ( | ||||||||||||
| Unrealized loss on foreign currency | $ | ( | $ | $ | ( | $ | ||||||||
Sub-total | $ | ( | $ | $ | ( | $ | ( | |||||||
| Total | $ | ( | $ | ( | $ | ( | $ | ( | ||||||
F-10
4. Intangible assets and goodwill
Changes in the net book value of intangible assets for the six months ended June 30, 2026 and 2025 are as follows (in thousands):
| June 30, 2026 | |||||||||||||||||||||||
| Goodwill | Trademarks | Customer relationships | Purchased technology | Software | Gaming License | Total | |||||||||||||||||
| Balance at January 1, 2026 | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||
| Acquisition | $ | ||||||||||||||||||||||
| Amortization | ( | ( | ( | ( | ( | $ | ( | ||||||||||||||||
| Translation differences | ( | ( | ( | ( | ( | ( | $ | ( | |||||||||||||||
| Ending balance | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||
| June 30, 2025 | |||||||||||||||||||||||
| Goodwill | Trademarks | Customer relationships | Purchased technology | Software | Gaming License | Total | |||||||||||||||||
| Balance at January 1, 2025 | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||
| Amortization | ( | ( | ( | ( | ( | ( | |||||||||||||||||
| Translation differences | |||||||||||||||||||||||
| Ending balance | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||
5. Lease
5.1. Our leases primarily consist of real estate leases for office space and do not have any non-lease components. The leases typically run for a period of 2 ~10 years, with an option to renew or terminate the lease after that date. No restrictions or covenants are imposed on leases, but the lease assets shall not be provided as collateral for borrowings.
5.2. Changes in right-of-use assets and lease liabilities:
Changes in right-of-use assets and lease liabilities for the six months ended June 30, 2026 and 2025 are as follows (in thousands):
| Right-of-use assets | Lease liabilities | |||||||
| Office | ||||||||
| Balance at January 1, 2026 | $ | $ | ||||||
| Acquisitions | ||||||||
Depreciation | ( | — | ||||||
| Interest expense relating to lease liabilities | — | |||||||
| Payments of lease liabilities | — | ( | ||||||
| Translation differences | ( | ( | ||||||
| Balance at June 30, 2026 | $ | $ | ||||||
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| Right-of-use assets | Lease liabilities | |||||||
| Office | ||||||||
| Balance at January 1, 2025 | $ | $ | ||||||
Depreciation | ( | — | ||||||
| Interest expense relating to lease liabilities | — | |||||||
| Payments of lease liabilities | — | ( | ||||||
| Translation differences | ||||||||
| Balance at June 30, 2025 | $ | $ | ||||||
6. Short-term and long-term borrowings
The following table represents borrowings from DoubleU Games (in thousands):
| Interest rate | Maturity | June 30, 2026 | December 31, 2025 | |||||||||||
Current portion of borrowings with related party (1) | May 27, 2026 | $ | $ | |||||||||||
| Long-term borrowings with related party | May 27, 2028 | $ | $ | |||||||||||
(1) DoubleU Games extended three loans to us on May 25, 2018, August 27, 2018, and November 26, 2018 (collectively, the “4.6 % Senior Notes”), and the aggregate outstanding principal amount as of December 31, 2025 was $34.8 million. The 4.6 % Senior Notes were scheduled to mature in May 2026. In May 2026, following a voluntary interest payment of $3.1 million, the maturity of each 4.6 % Senior Note was extended by two years to May 27, 2028, covering the remaining outstanding principal amount under the 4.6 % Senior Notes.
7. Retirement benefit plan
7.1 Defined benefit pension plan
We operate a defined benefit pension plan under employment regulations in Korea. The plan services the employees located in Seoul and is a final wage-based pension plan, which provides a specified amount of pension benefit based on length of service. The service cost components of the net periodic benefit costs are charged to current operations based on the employee’s functional area.
7.2 Details of defined benefit liabilities
The following table presents net defined benefit liabilities (defined benefit assets) (in thousands):
| June 30, 2026 | December 31, 2025 | |||||||
| Present value of defined benefit obligations | $ | $ | ||||||
| Fair value of plan assets | ( | ( | ||||||
| Net defined benefit liabilities (assets) | $ | ( | $ | ( | ||||
8. Income taxes
The income tax expense for the interim period has been recognized based on management’s best estimate of the weighted average annual effective tax rate expected for the full fiscal year ending December 31, 2026. Separately, management estimates that the weighted average annual effective tax rate for the six months ended June 30, 2026 is 21.4 %, compared to 27.8 % for the six months ended June 30, 2025.
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9. Shareholders’ equity
We have 200,000,000 2,477,672 10,000
9.1. Changes in share capital
The following table represents common shares, share capital and premium (in thousands, except shares):
| Common shares | Share capital | Share premium | Total | |||||||||||
| Balance at January 1, 2025 | $ | $ | $ | |||||||||||
| Balance at June 30, 2025 | $ | $ | $ | |||||||||||
| Balance at January 1, 2026 | $ | $ | $ | |||||||||||
| Balance at June 30, 2026 | $ | $ | $ | |||||||||||
10. Revenue from contract with customers
10.1 Disaggregation of revenue
The Company distinguishes between revenue recognized over time and revenue recognized at a point in time.
The table below presents revenue by service contract type, geographic market, and the timing of performance obligation satisfaction (in thousands):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
Type of service (1) | |||||||||||||||||
Social casino game | $ | $ | $ | $ | |||||||||||||
Geographic market (1) | |||||||||||||||||
| U.S. | |||||||||||||||||
| International | |||||||||||||||||
| Total | $ | $ | $ | $ | |||||||||||||
Timing of revenue recognition (1) | |||||||||||||||||
Over time | $ | $ | $ | $ | |||||||||||||
At a point in time | |||||||||||||||||
Total (1) | $ | $ | $ | $ | |||||||||||||
(1)iGaming revenues are excluded and amounted to $16,990 thousand for the three months ended June 30, 2026, $34,166 thousand for the six months ended June 30, 2026, $15,474 thousand for the three months ended June 30, 2025, and $28,685 thousand for the six months ended June 30, 2025.
The following table disaggregates revenue between Third-Party Platforms and Direct-to-Consumers (in thousands):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Third-Party Platforms | $ | $ | $ | $ | |||||||||||||
Direct-to-Consumers (1) | |||||||||||||||||
Total (2) | $ | $ | $ | $ | |||||||||||||
(1)Direct-to-Consumer (“DTC”) revenue represents revenue from purchases made through Company-owned channels, including web storefront transactions and other direct payment flows.
(2)iGaming revenues are excluded and amounted to $16,990 thousand for the three months ended June 30, 2026, $34,166 thousand for the six months ended June 30, 2026, $15,474 thousand for the three months ended June 30, 2025, and $28,685 thousand for the six months ended June 30, 2025.
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10.2 Contract assets, contract liabilities with customers
The following table summarizes our opening and closing balances in contract assets and contract liabilities (in thousands):
| June 30, 2026 | December 31, 2025 | |||||||
Contract assets (1) | $ | $ | ||||||
Contract liabilities (2) | ||||||||
(1)Contract assets are included within prepaid expenses and other assets in our consolidated interim financial position.
(2)The amount of revenue recognized during the current year from the contract liabilities balance at the beginning of the reporting period is $1,861 thousand for the six months ended June 30, 2026 and $1,754 thousand for the six months ended June 30, 2025.
11. Classification of operating expenses by nature
Details of classification of expenses by nature for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Personnel expenses | $ | $ | $ | $ | |||||||||||||
| Depreciation and amortization | |||||||||||||||||
| Depreciation of right-of-use assets | |||||||||||||||||
| Taxes and dues | |||||||||||||||||
| Fees and commissions | |||||||||||||||||
| Advertising expenses | |||||||||||||||||
| Other expenses | |||||||||||||||||
Total (1) | $ | $ | $ | $ | |||||||||||||
12. Earnings per share
12.1. Basic earnings per share is computed by dividing earnings by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. The following table presents the calculation of basic earnings per share (in thousands, except share and per share amounts):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Numerator: | |||||||||||||||||
Profit attributable to DoubleDown Interactive Co., Ltd. | $ | $ | $ | $ | |||||||||||||
| Weighted average shares outstanding - basic | |||||||||||||||||
| Basic earnings per share | $ | $ | $ | $ | |||||||||||||
12.2. Diluted earnings per share is computed by dividing profit applicable to owners of the Company by the weighted-average number of common shares and dilutive common share equivalents outstanding for the period. The Company does not
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13. Commitments and contingencies
13.1. Publishing and license agreements
DoubleU Games
We entered into the DoubleU Games License Agreement on March 7, 2018 with DoubleU Games through DDI-US, pursuant to which DoubleU Games grants us, an exclusive license to develop and distribute certain DoubleU Games social casino game titles and sequels thereto in the social online game field of use. We are obligated to pay a royalty license fee to DoubleU Games in connection with these rights, with certain customary terms and conditions. As of June 30, 2026, we licensed from DUG approximately 77 game titles under the terms of this agreement.
In October 2023, we, through DDI-US, entered into a Game Development Services Agreement with DoubleU Games pursuant to which DDI-US will pay service fees to DoubleU Games for certain game maintenance services and product planning and user analysis services provided by DoubleU Games.
In October 2024, we, through DDI-US, entered into a Game Development Agreement with DoubleU Games, pursuant to which DoubleU Games would develop certain social casino game software and titles for us in exchange for development fees.
We, through SuprPlay Limited, also entered into a new game license agreement with DoubleU Games with effect from August 20, 2024. We are obligated to pay a royalty license fee to DoubleU Games in connection with these rights, with certain customary terms and conditions.
International Gaming Technologies (“IGT”)
In 2017, we entered into a Game Development, Distribution, and Services Agreement with IGT. Under the terms of the agreement, IGT will deliver game assets so that we can port (a process of converting the assets into functioning slot games by platform) the technology for inclusion in our gaming apps. The agreement includes game assets that are used to create new games. Under the agreement, we paid IGT an initial royalty rate of 10 % of revenue for their proprietary assets and 15 % of revenue for third-party game asset types. Effective January 1, 2019, we amended the agreement to revise the royalty rate for proprietary game asset types to 7.5 % of revenue. The initial term of the agreement is ten (10 ) years with up to two additional five-year periods. Costs incurred in connection with this agreement for the six months ended June 30, 2026 and 2025 totaled $1.4 million and $1.6 million, respectively, and are recognized as a component of cost of revenue.
13.2. Legal contingencies
As of the date of this report, in the United States, the Company is a defendant or involved as an interested party in several pending lawsuits and arbitrations alleging that its social casino-themed games constitute illegal gambling under applicable state laws and seeking to recover amounts paid by the residents of the applicable state in connection with such games. The Company denies the allegations, and contends that its games are not gambling under the applicable law and that the cases suffer from various procedural defects. At this time, the Company is unable to reasonably predict the outcome of these legal proceedings and cannot estimate what impact, if any, the litigation may have on the Company’s condensed consolidated interim financial statements.
13.3. Directors and Officers’ indemnification agreement
The Company’s maximum aggregate liability for all loss and expenses on account of any and all requests for indemnity under the Indemnification Agreement or any similar indemnity agreement with any other indemnitee will be $5,000,000 per every 12-month period.
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13.4. Other matters
IGT Letter
In March 2025, DDI-US received a letter from IGT (“IGT Letter”) purporting to terminate the Company’s licenses to develop and distribute IGT social casino game titles throughout the United States. The IGT Letter cited the January 2025 public memo issued by the Washington State Gambling Commission (“WSGC”), where the WSGC encouraged companies offering virtual casino-style games to Washington residents to review their games and ensure compliance with state gambling regulations. The Company responded to the IGT Letter in April 2025, disputing the termination, and has not received any subsequent response from IGT to date. While the outcome of this matter is currently uncertain, the Company believes that IGT has no basis to terminate the licenses and that the Company’s distribution of the licensed games is not prohibited under Washington State law.
SuprNation Performance Based Compensation
Contemporaneously with entering into the definitive agreement, the Company also adopted an -month performance-based incentive plan for certain key employees of SuprNation, under which the key employees may earn up to a total of $6.5 million in addition to $5.5 million held in escrow, which vest over the -month period. The performance-based incentive plan is contingent upon the achievement of certain revenue and other performance targets by the acquired business and the continued employment of such key employees between 2023 and 2025. Such plan became effective at the closing of the transaction. In August 2024, $4.2 million of the incentive plan was modified to be contingent solely upon continued employment. All of the compensation under the plan has been paid as of March 2026.
Unsolicited Non-Binding Expression of Interest from Controlling Shareholder
On April 29, 2026, the Company received a non-binding expression of interest from DoubleU Games Co. Ltd., its controlling shareholder, to acquire all outstanding common shares (including American Depositary Shares) not already owned by DoubleU Games for $11.25 per ADS in cash. The special committee of independent directors, together with its independent legal and financial advisors, continues to evaluate the proposal. Any potential transaction remains subject to applicable regulatory approvals, governmental and other required approvals, and the outcome of negotiations between the parties. Accordingly, the structure and terms of any such transaction may change, or no definitive transaction may ultimately be completed.
14. Related party transactions
14.1. Related party
Our related party transactions comprise of expenses for use of intellectual property, borrowings, and sublease. We may also incur other expenses with related parties in the ordinary course of business, which are included in the condensed consolidated interim financial statements. We have the following related parties during the six months ended June 30, 2026 and 2025:
| Relationship | Company name | ||||
| Controlling shareholder | DoubleU Games Co., Ltd | ||||
14.2. Transactions with related party
The following is a summary of expenses charged by DoubleU Games (in thousands):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Royalty expense | $ | $ | $ | $ | |||||||||||||
| Other expense | $ | $ | $ | $ | |||||||||||||
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14.3 Account balances with related party
Amounts due to DoubleU Games are as follows (in thousands):
| June 30, 2026 | December 31, 2025 | |||||||
Accounts payable and accrued expenses | $ | $ | ||||||
| Other receivables | ||||||||
14.4. Borrowing transactions with related party
Details of our borrowing transactions with DoubleU Games are as follows (in thousands):
| June 30, 2026 | December 31, 2025 | |||||||
| 4.6% Senior notes with related party | $ | $ | ||||||
| Accrued interest on 4.6% Senior Notes with related party | $ | $ | ||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
Interest expense | |||||||||||||||||
14.5. Lease transactions with related party
Details of our lease with DoubleU Games are as follows (in thousands):
| June 30, 2026 | December 31, 2025 | |||||||
| Right-of-use assets | $ | $ | ||||||
| Lease liabilities | ||||||||
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Payments | $ | $ | $ | $ | |||||||||||||
| Interest expenses | |||||||||||||||||
15. Segment information
15.1. Segment reporting
Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, our Chief Executive Officer, in making decisions regarding resource allocation and assessing performance. Total assets and liabilities for each segment are not reported to our Chief Executive Officer. We operate in the following business segments: social casino games and iGaming (in thousands):
F-17
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Revenue: | |||||||||||||||||
Social casino games | $ | $ | $ | $ | |||||||||||||
iGaming | |||||||||||||||||
| Total Revenue | $ | $ | $ | $ | |||||||||||||
Advertising expenses: | |||||||||||||||||
| Social casino games | $ | $ | $ | $ | |||||||||||||
| iGaming | |||||||||||||||||
Total advertising expenses | $ | $ | $ | $ | |||||||||||||
Depreciation and amortization (including right-of-use assets): | |||||||||||||||||
Social casino games | $ | $ | $ | $ | |||||||||||||
iGaming | |||||||||||||||||
Total depreciation and amortization (including right-of-use assets) | $ | $ | $ | $ | |||||||||||||
Interest income: | |||||||||||||||||
| Social casino games | $ | $ | $ | $ | |||||||||||||
| iGaming | |||||||||||||||||
Total interest income | $ | $ | $ | $ | |||||||||||||
| Interest expense: | |||||||||||||||||
| Social casino games | $ | $ | $ | $ | |||||||||||||
| iGaming | |||||||||||||||||
Total interest expense | $ | $ | $ | $ | |||||||||||||
Profit before income tax: | |||||||||||||||||
| Social casino games | $ | $ | $ | $ | |||||||||||||
| iGaming | ( | ( | ( | ( | |||||||||||||
| Total profit before income tax | $ | $ | $ | $ | |||||||||||||
15.2. Disaggregation of revenue
The Company’s business operations are located in domestic and international regions, including the United States. We believe disaggregation of our revenue based on geographic location from which revenue is generated are appropriate categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The following table presents our revenue disaggregated based on geographic location (in thousands):
| Three months ended June 30, | Six months ended June 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| U.S. | $ | $ | $ | $ | |||||||||||||
| Canada | |||||||||||||||||
| United Kingdom | |||||||||||||||||
Germany | |||||||||||||||||
| International-other | |||||||||||||||||
| Total | $ | $ | $ | $ | |||||||||||||
15.3. Major external customers
No individual external customer accounted for more than 10% of consolidated revenue for each of the six months ended June 30, 2026 and 2025.
F-18
16. Acquisition
Business Combination – WHOW Games
On July 14, 2025, the Company completed its acquisition of WHOW Games GmbH (“WHOW Games”), a German casino game operator, which is now a direct, wholly-owned subsidiary of DDI-US. The results of operations of WHOW Games have been included in the consolidated financial statements from the acquisition date. Accordingly, the acquisition effect should be considered when comparing the Company’s consolidated financial statements as of and for the six months ended June 30, 2026 and 2025.
In connection with the acquisition, the Company recognized certain goodwill and intangible assets. For further details of the business combination, please refer to Note 30 to the consolidated financial statements as of and for the year ended December 31, 2025 contained in the Company’s Annual Report on Form 20-F filed with the SEC on March 31, 2026.
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Filing Exhibits & Attachments
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