DoubleDown Interactive(DDI)

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DoubleDown Interactive(DDI) - 2024 Q3 - Earnings Call Transcript
2024-11-12 04:06
DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q3 2024 Earnings Conference Call November 11, 2024 5:00 PM ET Company Participants Richard Land - Investor Relations In Keuk Kim - Chief Executive Officer Joseph Sigrist - Chief Financial Officer Conference Call Participants David Bain - B. Riley Aaron Lee - Macquarie Greg Gibas - Northland Securities Operator Good afternoon and welcome to DoubleDown Interactive's Earnings Conference Call for the Third Quarter ended September 30, 2024. My name is Daniel and I wi ...
DoubleDown Interactive Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-11 21:05
SEOUL, South Korea, Nov. 11, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 vs. Third Quarter 2023 Summary: Revenue increased to $83.0 million in the third quarter of 2024 from $73.0 million in the third quarter of 2023. SuprNation, a European iGam ...
Here's Why Investors Should Retain DoubleDown Interactive Stock Now
ZACKS· 2024-10-15 12:12
DoubleDown Interactive Co., Ltd. (DDI) is likely to benefit from the SuprNation acquisition, social casino business and strategic investments. Also, the focus on DoubleDown Casino enhancements bodes well. However, elevated expenses and competitive pressures pose concerns. Factors Driving DDI Stock DoubleDown's acquisition of SuprNation, an iGaming platform, has opened new growth avenues. In the second quarter of 2024, SuprNation contributed $7.9 million in revenues, exceeding initial expectations. The compa ...
DoubleDown Interactive to Report 2024 Third Quarter Results on November 11 and Host Conference Call and Webcast
GlobeNewswire News Room· 2024-10-10 15:00
SEOUL, South Korea, Oct. 10, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and web-based platforms, announced today that it will release its 2024 third quarter financial results after the market closes on Monday, November 11, 2024, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public. On the ca ...
DoubleDown Interactive Co Ltd (DDI) Shares Gap Down to $14.94 on Oct 2
GuruFocus· 2024-10-02 16:07
Shares of DoubleDown Interactive Co Ltd (DDI, Financial) fell 4.84% in mid-day trading on Oct 2. The stock reached an intraday low of $14.81, before recovering slightly to $14.94, down from its previous close of $15.70. This places DDI 10.81% below its 52-week high of $16.75 and 114.96% above its 52-week low of $6.95. Trading volume was 14,755 shares, 36.4% of the average daily volume of 40,484. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price ...
DoubleDown Interactive (DDI) Surges 11.9%: Is This an Indication of Further Gains?
ZACKS· 2024-10-01 14:20
DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) shares rallied 11.9% in the last trading session to close at $16.50. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.3% gain over the past four weeks. The addition of new meta features to its flagship app, including DoubleDown Casino, appears to be driving positive investor sentiment. This company is expected to post quarterly earnings of $0.55 per share ...
DoubleDown Interactive to Donate $10,000 to the American Cancer Society
GlobeNewswire News Room· 2024-09-30 15:00
SEATTLE, Sept. 30, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and webbased platforms, announced today a planned donation of $10,000 to the American Cancer Society (ACS) in honor of Breast Cancer Awareness Month. DoubleDown Casino, which is played daily by millions of fans worldwide on both desktop and mobile devices, will invite players to engage with and show support for the charitable donation ...
DoubleDown Interactive (DDI) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-09-30 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Here's Why Momentum in DoubleDown Interactive (DDI) Should Keep going
ZACKS· 2024-09-10 13:52
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...
Does DoubleDown Interactive (DDI) Have the Potential to Rally 37.91% as Wall Street Analysts Expect?
ZACKS· 2024-09-02 14:55
Group 1: Stock Performance and Price Targets - Shares of DoubleDown Interactive Co., Ltd. (DDI) have increased by 26.6% over the past four weeks, closing at $14.56, with a mean price target of $20.08 indicating a potential upside of 37.9% [1] - The mean estimate includes three short-term price targets with a standard deviation of $5.20, where the lowest estimate is $16.25 (11.6% increase) and the highest is $26 (78.6% increase) [2] - A tight clustering of price targets, indicated by a low standard deviation, suggests a high degree of agreement among analysts regarding the stock's price movement [7] Group 2: Earnings Estimates and Analyst Consensus - There is increasing optimism among analysts about DDI's earnings prospects, as evidenced by strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 13.7%, with three estimates moving higher and no negative revisions [10] - DDI holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [11]