GDEV Inc. (GDEV) shares rallied 20.2% in the last trading session to close at $12.40. 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 30.9% loss over the past four weeks.The company’s prospects are benefiting from the shift in its user acquisition strategy, aimed mainly at focusing on a higher margin audience. Given the ongoing market uncertainties, the margin expansion plan is likely to have boosted investor ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 GDEV Inc. FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REP ...

LIMASSOL, Cyprus, March 31, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the fourth quarter and full year ended December 31, 2024. Fourth quarter 2024 financial highlights: Fourth quarter and full year 2024 financial performance in comparison4 | US$ million | Q4 | | Q45 | | | Change (%) | FY6 2024 | | FY 2023 | | | Change (%) | | --- | --- | --- | --- | --- | --- | --- | --- | ...

LIMASSOL, Cyprus, Feb. 25, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today issued a clarification in respect of its previously announced one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to the Company’s shareholders of record as of the close of business on March 3, 2025. According to Nasdaq, the ex-dividend date for Nasdaq trading will be March 12, 2025. Nasdaq Rule 11140(b)(2) pr ...

GDEV Inc. (GDEV) shares ended the last trading session 46.6% higher at $20.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.7% loss over the past four weeks.Shares of GDEV are likely to have been boosted significantly by the announcement of the one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to shareholders as of March 3. The company will be funding the special cash ...

Core Points - GDEV Inc. has announced a one-time special cash dividend of $3.31 per share, yielding approximately 20% based on the average share price over the last 30 trading days [1][2] - The total special dividend amounts to around $60 million, funded from GDEV's accumulated profits, and represents a portion of its total cash balance of approximately $153 million as of Q3 2024 [2][3] - This special dividend reflects GDEV's commitment to disciplined capital allocation and long-term value creation, optimizing its capital structure by reducing excess liquidity [3][4] - The special dividend is a one-time distribution and does not indicate the establishment of a recurring dividend program, with no further dividends anticipated in the near future [3][4] Company Overview - GDEV Inc. is a gaming and entertainment holding company focused on developing and growing its franchise portfolio across various genres and platforms [5] - The company has a diverse range of subsidiaries, including Nexters and Cubic Games, and its franchises have accumulated over 550 million installs and $2.5 billion in bookings worldwide [5]

Core Points - GDEV Inc. has appointed Andrey Fadeev as Chairperson of the Board, marking a strategic evolution in the leadership structure to enhance alignment between strategic oversight and operational execution [1][3] - Natasha Braginsky Mounier will step down as Independent Chairperson and leave the Board, receiving a severance payment for her service [1][2] - The Board will maintain an independent majority with three out of five directors remaining independent, ensuring adherence to corporate governance best practices [2] Company Overview - GDEV is a gaming and entertainment holding company focused on developing and growing its franchise portfolio across various genres and platforms [4] - The company has subsidiaries including Nexters and Cubic Games, and its franchises have achieved over 550 million installs and $2.5 billion in bookings worldwide [4]

Core Viewpoint - GDEV Inc. has experienced significant selling pressure, resulting in a 15.7% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Stock Performance and Technical Indicators - GDEV's Relative Strength Index (RSI) is currently at 29.01, indicating that the stock may be oversold and could be poised for a rebound as selling pressure exhausts [4] - The RSI is a momentum oscillator that helps identify oversold conditions, typically when the reading falls below 30, suggesting potential entry opportunities for investors [2] Group 2: Earnings Estimates and Analyst Sentiment - Over the last 30 days, the consensus EPS estimate for GDEV has increased by 72.3%, reflecting a strong agreement among analysts regarding improved earnings [5] - GDEV holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a favorable outlook for the stock [5]

Group 1 - GDEV Inc. is part of the Consumer Discretionary sector, which includes 270 companies and ranks 4 in the Zacks Sector Rank [2] - GDEV Inc. has a Zacks Rank of 2 (Buy), with a consensus estimate for full-year earnings increasing by 340% over the past quarter, indicating improved analyst sentiment [3] - Year-to-date, GDEV has returned 17%, outperforming the average gain of 11.3% for Consumer Discretionary stocks [4] Group 2 - GDEV Inc. belongs to the Gaming industry, which consists of 41 companies and currently ranks 126 in the Zacks Industry Rank; the industry has an average gain of 21.4% year-to-date, indicating GDEV is slightly underperforming its industry [5] - Another notable stock in the Consumer Discretionary sector is Paramount Global, which has returned 12.7% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][6] - The Media Conglomerates industry, to which Paramount Global belongs, has gained 17.1% year-to-date and ranks 80 [6]

Financial Data and Key Metrics Changes - In Q3 2024, revenue amounted to $111 million, reflecting a 5% growth quarter-over-quarter but a 9% decline year-over-year [8][11] - Bookings declined by 8% year-over-year to $93 million, attributed to a focus on long-term product improvements [8][9] - Net profit in Q3 2024 was $15 million, down from $24 million in the same period last year, primarily due to lower revenue and higher marketing spend [11] - Adjusted EBITDA for the quarter was $16 million, down $13 million year-over-year [11] - Cash flows from operating activities increased to $12 million compared to $8 million in Q3 2023, indicating effective cash management [12] Business Line Data and Key Metrics Changes - The company reduced the number of in-game events and overall monetization to enhance player experience and retention, impacting core titles like Hero Wars, Pixel Gun, and Island Hoppers [9] - Marketing investments increased by $9 million year-over-year, reaching $52 million, reflecting efforts to scale marketing activities across multiple channels [11] Market Data and Key Metrics Changes - Bookings in Europe grew year-over-year, increasing the region's share of total bookings from 26% to 30%, with strong performance in Germany, France, the United Kingdom, and Poland [12] Company Strategy and Development Direction - The company is focused on long-term product changes to foster sustained growth and deeper player engagement, rather than short-term enhancements [5][6] - The appointment of a new Chief Operating Officer aims to guide studios towards achieving strategic goals and fostering sustainable growth [7] - The company is exploring different growth initiatives across product and marketing while maintaining a disciplined approach to costs and expenses [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the gaming landscape's rapid evolution, driven by changing player preferences and intensifying competition [5] - The company remains confident in its strategic focus on product evolution and marketing investments, despite being in a transformation phase [11][13] Other Important Information - A one-for-ten reverse stock split was executed to enhance market appeal and liquidity, followed by an at-the-market offering to increase public flow without diluting existing shareholders [14] Q&A Session Summary Question: Success of Pixel Gun on Steam - The launch of Pixel Gun on Steam was successful, stabilizing at around 2,500 to 3,000 concurrent users, with ongoing product improvements planned [16] Question: Capital Allocation and ATM Update - The ATM program is primarily aimed at bolstering liquidity rather than raising capital, with a substantial cash cushion on the balance sheet [17] Question: New Game Development and Franchises - The company has multiple games in development, with some showing good metrics and in scaling mode [18][19] Question: User Acquisition Efficiency - User acquisition efficiency remains stable, with no significant market changes since Q2, and Q4 marketing spend is expected to be similar to Q3 [22][23] Question: Profitability and Bookings Growth - Bookings are expected to remain stable, with profitability anticipated to stay solid in the near term [24][25] Question: Diverging Performance Between Games - Different strategies are applied to Hero Wars: Alliance and Hero Wars: Dominion Era, with a focus on mobile for the former [27][28][30] Question: Synergy Between Games - Cross-promotion has been found less effective; the focus is on cohort analysis and leveraging team strengths for efficiency improvements [33][35] Question: Geographic Expansion - The company is considering expansion into Latin America, Asia, and India, with a focus on adapting products for younger audiences [37][39] Question: M&A Environment - M&A opportunities are being explored opportunistically, particularly for studios in new geographies [44][45]