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Earnings Call Summary | DoubleDown Interactive(DDI.US) Q1 2024 Earnings Conference

Futu News ·  May 13 01:34  · Conference Call

The following is a summary of the DoubleDown Interactive Co., Ltd. (DDI) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • DoubleDown Interactive reported Q1 2024 revenue of $88.1 million, up 3% YoY, driven by the robust performance of social casino free-to-play games and contribution from the SuprNation acquisition.

  • Adjusted EBITDA rose 26% YoY to $31.9 million and net income increased by 28.3% compared to Q1 2023.

  • Key metrics such as ARPDAU increased 22% YoY while payer conversion ratio rose to 6.4% from 5.8% in Q1 2023, reflecting effective monetization.

Business Progress:

  • DoubleDown continues to enhance their popular DDC game with new features like Lucky Orbs & Flame Power, leading to higher user engagement and monetization.

  • The successful integration of iGaming business SuprNation, contributing $8.3 million in revenue, is indicative of DoubleDown's expansion strategy.

  • Their future plans involve scaling SuprNation business in the UK and Sweden and increasing direct consumer payment volume to enhance margins.

More details: DoubleDown Interactive IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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