Company Contact: Joe Sigrist ir@doubledown.com +1 (206) 773-2266 Chief Financial Officer https://www.doubledowninteractive.com SEATTLE, July 22, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and webbased platforms, announced today a $10,000 donation to the ASPCA® (The American Society for the Prevention of Cruelty to Animals®) in support of its mission to prevent cruelty to dogs, cats, equ ...

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> DoubleDown Interactive belongs to the Zacks Gaming industry. Another stock from the same industry, MGM Resorts (MGM) , closed the last trading session 0.7% higher at $42. Over the past month, MGM has returned 7.1%. For MGM, the consensus EPS estimate for the upcoming report has changed +0.2% over the past month to $0.68. This represents a change of +15.3% from what the comp ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. DoubleDown Interactive Co., Ltd. Sponsored ADR is one of 283 individual stocks in the Consume ...

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why? However, an impressive consensus price target is not the only factor that indicates a potential upside in DDI. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings est ...

Financial Data and Key Metrics Changes - Q1 2024 revenue was $88.1 million, up from $77.6 million in Q1 2023, with social casino free-to-play games contributing $79.8 million and SuprNation contributing $8.3 million [11][20] - Adjusted EBITDA for Q1 2024 rose 26% year-over-year to $31.9 million, with an adjusted EBITDA margin of 36.2%, up from 32.8% in Q1 2023 [27][28] - Net income for Q1 2024 was $30.4 million, or $12.23 per diluted share, representing a 28.3% increase compared to $23.7 million, or $9.55 per diluted share, in Q1 2023 [13][28] - Cash flow from operations was $35 million for Q1 2024, compared to $19.2 million in the prior-year period [7][46] Business Line Data and Key Metrics Changes - Payer conversion ratio increased to 6.4% in Q1 2024 from 5.8% in Q1 2023, while average monthly revenue per payer rose 27% to $281 from $221 [12][25] - Average revenue per daily active user (ARPDAU) increased to $1.26 in Q1 2024 from $1.03 in Q1 2023, marking a 22% increase [25] - SuprNation's Q1 revenue contribution was $8.3 million, marking its first full quarter of operation [22] Market Data and Key Metrics Changes - The iGaming sector is viewed as a significant growth opportunity, with plans for continued improvement and scaling in the UK and Sweden markets [9][30] - Sales and marketing expenses for Q1 2024 were $14.8 million, down 8% year-over-year but up nearly 50% sequentially due to the inclusion of SuprNation's expenses [26][44] Company Strategy and Development Direction - The company aims to enhance DoubleDown Casino through ongoing product development and marketing initiatives, focusing on capital efficiency to drive engagement and monetization [29][41] - The acquisition of SuprNation is seen as a step towards diversifying into new gaming categories with high market potential, with ongoing evaluations for further M&A opportunities [42][55] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the strong start of the iGaming business and the overall performance momentum in the core social casino business [47][50] - There is a focus on enhancing margins by increasing direct consumer payment volume and expanding options for players to purchase chips [48] Other Important Information - As of March 31, 2024, the company had $310 million in cash and short-term investments, with a net cash position of approximately $272 million [28] Q&A Session Summary Question: Performance expectations for SuprNation - Management was pleased with SuprNation's Q1 performance, indicating it exceeded expectations and expressed optimism for continued momentum throughout the year [50][51] Question: Core business performance drivers - The increase in core business revenue was attributed to product differentiation and the introduction of new features that enhance player engagement and monetization [52][53] Question: Future cash utilization and buybacks - The board believes the best use of cash is in potential acquisitions and M&A activities, with ongoing evaluations for growth opportunities [55][56]

DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) closed the last trading session at $11.98, gaining 21.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15.50 indicates a 29.4% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $1.80. While the lowest estimate of $13.50 indicates a 12.7% increase from the current price lev ...

SEATTLE, May 09, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive (NASDAQ:DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and web-based platforms, announced today that Chief Financial Officer, Joe Sigrist, will present at the 19th Annual Needham Technology, Media & Consumer Conference at 12:45 p.m. ET on Thursday, May 16, 2024. Mr. Sigrist will also host virtual one-on-one and group meetings with institutional investors that day. A live webcast of the presen ...

SEATTLE, April 24, 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 first quarter financial results after the market closes on Wednesday, May 8, 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 call, DoubleDow ...

SEATTLE, April 24, 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 first quarter financial results after the market closes on Wednesday, May 8, 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 call, DoubleDo ...

SEATTLE, March 29, 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 at its annual general meeting of shareholders held on March 29, 2024 at 11:00 a.m., Korea Standard Time (March 28, 2024 at 10:00 p.m., U.S. Eastern Time) in Seoul, Korea, the following actions were taken by the shareholders of record as of December 29, 2023 on the proposed resoluti ...