DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Jeff Grampp - Gateway Group In Keuk Kim - CEO Joseph Sigrist - CFO Conference Call Participants Aaron Lee - Macquarie Greg Gibas - Northland Securities Operator Good afternoon, and welcome to DoubleDown's Earnings Conference Call for the Financial Results for the Third Quarter Ended September 30, 2022. My name is Lauren, and I will be your operator this afternoon. Prior to this cal ...

Exhibit 99.2 DoubleDown Interactive Co., Ltd. Condensed Consolidated Financial Statements (unaudited) September 30, 2022 and September 30, 2021 Contents Consolidated Financial Statements as of and for the three and nine months ended September 30, 2022 and 2021 Condensed Consolidated Statements of Income and Comprehensive Income F-2 Condensed Consolidated Balance Sheets F-3 Condensed Consolidated Statements of Changes in Shareholders' Equity F-4 Condensed Consolidated Statements of Cash Flows F-5 Notes to Co ...

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Jeff Grampp - Investor Relations In Keuk Kim - Chief Executive Officer Joe Sigrist - Chief Financial Officer Conference Call Participants David Bain - B. Riley Greg Gibas - Northland Securities Aaron Lee - Macquarie Operator Good afternoon, and welcome to DoubleDown's Earnings Conference Call for the Financial Results for the Second Quarter Ended June 30th, 2022. My name is Gary and ...

Exhibit 99.2 Consolidated Financial Statements as of and for the three and six months ended June 30, 2022 and 2021 Condensed Consolidated Statements of Income and Comprehensive Income F-2 Condensed Consolidated Balance Sheets F-3 Condensed Consolidated Statements of Changes in Shareholders' Equity F-4 Condensed Consolidated Statements of Cash Flows F-5 Notes to Condensed Consolidated Financial Statements F-6 DoubleDown Interactive Co., Ltd. Condensed Consolidated Financial Statements (unaudited) June 30, 20 ...

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Â Company Participants Jeff Grampp - Investor Relations In Keuk Kim - Chief Executive Officer Joe Sigrist - Chief Financial Officer Conference Call Participants Greg Gibas - Northland Securities David Bain - B. Riley Operator Good afternoon, ladies and gentlemen and welcome to DoubleDown's Earnings Conference Call for the Financial Results for the First Quarter Ended March 31, 2022. My name is Olivia and I ...

Exhibit 99.1 DoubleDown Interactive Reports First Quarter 2022 Results SEATTLE, WASHINGTON – May 10, 2022 — DoubleDown Interactive (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital social casino games, today reported its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Summary vs. First Quarter 2021 • Revenues decreased from $96.7 million in the first quarter of 2021 to $85.5 million in the first quarter of 2022. • Adjusted ...

Financial Performance - Total revenue increased to $363.2 million in 2021 from approximately $358.3 million in 2020, reflecting a growth rate of about 0.5%[21] - DoubleDown Casino generated 96.6% of the company's revenue in 2021, down from 95.7% in 2020, indicating a strong reliance on this game for financial performance[26] - Approximately 73% of the company's revenue for the year ended December 31, 2021, and 72% for the year ended December 31, 2020, were attributable to mobile device use[82] - The company’s revenues are primarily generated through DDI-US in the United States, with significant operations based in Seoul, Korea[60] Player Engagement and Retention - The average monthly paying users (MPUs) decreased from 2020 to 2021, while the overall payer conversion rate increased from 5.4% in 2020 to 5.7% in 2021[25] - The ability to attract and retain paying players is critical for future growth, with ongoing competition and economic conditions posing risks[22] - The company must increase player spending and the number of purchasing players to sustain revenue levels, emphasizing the importance of engaging content and incentives[25] - The company must effectively analyze player demographics and preferences to enhance existing games and develop new ones to retain paying players[27] - The company’s ability to acquire and retain players is driven by the quality and quantity of games in its portfolio, necessitating continuous innovation[57] Market Expansion and Strategy - The company aims to expand its player base through geographic expansion in Asia-Pacific and Western Europe, contingent on effective market understanding and regulatory navigation[23] - The company plans to invest significantly in research and development, analytics, and marketing to refresh existing games and launch new titles to maintain player engagement[26] - The company may pursue strategic acquisitions to expand operations, but there are risks associated with identifying and integrating these acquisitions successfully[97][98] Legal and Regulatory Risks - Legal and regulatory challenges could limit growth opportunities and increase operational costs[20] - The company faces risks from potential regulatory changes regarding social casino games, which could impose stringent regulations or even prohibit operations in certain jurisdictions[44] - The company is currently involved in a patent infringement case, with the outcome uncertain and pending appeal, which could impact its operations[42] - The company has incurred significant expenses related to defending against lawsuits, with no guarantee of insurance coverage for these costs[38] - The company is subject to various evolving laws and regulations that could impose additional compliance costs and affect operations[108][110] Operational Challenges - Future performance is subject to uncertainties, including the impact of COVID-19 and evolving industry standards[14] - The company’s profitability may be adversely affected by its ability to manage growth and maintain game quality[21] - The company relies on third-party platforms like Apple, Facebook, Google, and Amazon for game distribution, which are critical for revenue generation[29] - The company relies on skilled employees for game development, and a lack of such talent could negatively impact business plans and financial condition[103] - The company faces risks from natural disasters that could disrupt operations and impact financial results[104] Data Privacy and Security - The company is subject to various U.S. and international data privacy and security laws, including GDPR and the California Consumer Privacy Act, which could increase operational costs[65] - Changes in data privacy laws may require the company to modify data processing practices, potentially affecting financial results[68] - Any limitation on the collection and use of player data could lead to a loss of revenues, as the company uses this data to deliver relevant content and advertisements[76] - The company may incur significant costs and liabilities if it fails to comply with privacy policies or legal obligations, impacting player trust and business reputation[69] - The company may be negatively impacted by existing and proposed laws and regulations related to cybersecurity and data protection[74] Shareholder and Corporate Governance - As of April 1, 2022, DoubleU Games holds approximately 67.1% of the company's shares, granting it significant voting control over key decisions[127] - The company is classified as a "controlled company" under NASDAQ rules, allowing it to follow home country practices instead of certain NASDAQ corporate governance standards[128] - The company has outstanding loans with DoubleU Games totaling US$42.2 million (KRW 50 billion) as of December 31, 2021, with a fixed interest rate of 4.60% per annum[134] - The company does not currently intend to pay dividends on its common shares for the foreseeable future, as it plans to invest future earnings to fund growth[143] - The company is required to disclose intended arrangements with major shareholders to its board of directors, necessitating a two-thirds majority approval for such arrangements[132] Economic and Market Conditions - Changes in consumer spending due to economic downturns or global events could adversely impact demand for the company's games and overall financial performance[100] - The online gaming industry has benefited from the COVID-19 pandemic, with monthly revenue increasing during stay-at-home orders, although this benefit is expected to decrease as restrictions ease[102] - The company has experienced fluctuations in operating results due to seasonality, with player activity generally slower in the second and third quarters, particularly during summer months[105] - Tax law changes, including potential global minimum taxes, could materially impact the company's financial position and results of operations[119]

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q4 2021 Earnings Conference Call February 8, 2022 5:00 PM ET Company Participants Jeff Grampp - Investor Relations In Keuk Kim - Chief Executive Officer Joseph Sigrist - Chief Financial Officer Conference Call Participants David Bain - B. Riley Greg Gibas - Northland Securities Aaron Lee - Macquarie Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to hel ...

DoubleDown Interactive Co Ltd (NASDAQ:DDI) Q3 2021 Earnings Conference Call November 10, 2021 5:00 PM ET Company Participants Jeff Grampp - IR Joseph Sigrist - CFO & Director In Keuk Kim - CEO & Director Conference Call Participants David Bain - B. Riley Securities Gregory Gibas - Northland Capital Markets Operator Good afternoon, and welcome to DoubleDown's Interactive Conference Call for the Third Quarter ended September 30, 2021. My name is Bo In Hye, and I will be your operator this afternoon. Before th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ Registration Statement Pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Fiscal Year Ended December 31, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ Shell Company Report Pursuant to Section 13 or 15(d) of the Securities Exchange ...