Core Viewpoint - GDEV Inc. reported quarterly earnings of $0.79 per share, significantly exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $1.20 per share a year ago, indicating an earnings surprise of 107.89% [1] Financial Performance - GDEV Inc. achieved revenues of $110.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.56%, although this is a decline from year-ago revenues of $121.3 million [2] - Over the last four quarters, the company has exceeded consensus EPS estimates two times and topped consensus revenue estimates only once [2] Stock Performance - GDEV Inc. shares have increased approximately 17.7% since the beginning of the year, compared to a 25.5% gain in the S&P 500 [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates indicating breakeven on $111.6 million in revenues for the upcoming quarter and $0.60 on $429.93 million in revenues for the current fiscal year [4][7] - The estimate revisions trend for GDEV Inc. is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The gaming industry, to which GDEV Inc. belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by more than 2 to 1 [8]

-GDEU November 14, 2024 © GDEV 2024 Disclaimer Forward-looking statements Certain statements in this presentation may constitute "forward-looking statements" for purposes of U.S. federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The forward-look ...

Core Insights - GDEV Inc. reported a sequential revenue growth in Q3 2024 despite industry pressures, with a revenue of $111 million, a decrease of 9% year-over-year [1][6][10] - The company is focused on long-term innovation rather than quick wins, enhancing core products to improve player experience [2] - GDEV established an at-the-market offering to increase stock liquidity, allowing the sale of up to 1,757,026 ordinary shares [3] Financial Performance - Q3 2024 revenue was $111 million, down from $121 million in Q3 2023, with a 9% decrease year-over-year and a 5% increase quarter-over-quarter [5][6] - Total bookings for Q3 2024 were $93 million, an 8% decline from $102 million in Q3 2023, attributed to a 16% decrease in monthly paying users [11][12] - Selling and marketing expenses rose to $52 million, a 22% increase year-over-year, reflecting the company's strategy to scale its business [6][9] Operational Highlights - The adjusted EBITDA for Q3 2024 was $16 million, down from $29 million in Q3 2023, indicating a 44% decrease [10][21] - The cash position improved to $153 million from $140 million at the end of Q2 2024, providing opportunities for further expansion [6] - The European share of bookings increased by 4 percentage points to 30%, driven by targeted user acquisition campaigns [6] Cost Management - Game operation costs remained stable at $13 million, while general and administrative expenses decreased by 9% year-over-year to $7 million [6][9] - Platform commissions decreased by 13% to $24 million, influenced by a 9% drop in revenues from in-game purchases [8] Geographic and Platform Insights - The share of bookings by geography remained stable, with the US at 34%, Asia at 22%, and Europe at 30% [14] - The split of bookings by platform showed a slight increase in PC bookings to 38% compared to 37% in Q3 2023 [13]

Core Viewpoint - GDEV Inc. has experienced a significant stock price increase of 23.2% over the past month, outperforming both the industry and major indices, indicating strong market confidence and potential for continued growth [1][2][13]. Stock Performance - GDEV's stock closed at $31.41, which is below its 52-week high of $37.89 but above its 52-week low of $19 [2]. - The stock is currently trading above its 50-day moving average, suggesting robust upward momentum and price stability [3][13]. Factors Driving Growth - GDEV's strategic vision focuses on sustainable growth and operational efficiency, which is expected to enhance player experiences and solidify market position [7][8]. - The company is prioritizing product development and adopting a disciplined approach to user acquisition, reserving cash for future investments [8][9]. - Successful product initiatives, such as the launch of Pixel Gun 3D on Steam, have led to a 10% increase in monthly active users and a 45% growth in monthly paying users [10]. Earnings Estimates - Analysts have revised the Zacks Consensus Estimate for GDEV's earnings per share upward by 300% to 60 cents for the current year and by 126.7% to $1.36 for the next year [11]. Valuation - GDEV is currently trading at a forward 12-month price-to-earnings ratio of 26.25, which is lower than the industry's ratio of 28.37, indicating it is valued at a discount compared to its peers [12][13].

Group 1: Company Overview - GDEV Inc. is part of the Consumer Discretionary sector, which includes 272 individual stocks and currently holds a Zacks Sector Rank of 7 [2] - GDEV Inc. has a Zacks Rank of 1 (Strong Buy), indicating strong analyst sentiment and an improving earnings outlook, with a 48.8% increase in the consensus estimate for full-year earnings over the past quarter [3] Group 2: Performance Comparison - GDEV has gained approximately 45.8% year-to-date, significantly outperforming the average return of 5.1% for Consumer Discretionary companies [4] - In comparison, H&R Block (HRB), another Consumer Discretionary stock, has returned 29.2% since the beginning of the year [4] - GDEV belongs to the Gaming industry, which includes 41 stocks and is currently ranked 145 in the Zacks Industry Rank, with an average gain of 15.4% year-to-date, indicating GDEV's superior performance within its industry [5] Group 3: Industry Insights - The Gaming industry, where GDEV operates, has shown a year-to-date gain of 15.4%, while the Consumer Services - Miscellaneous industry, which includes H&R Block, has gained 7.3% [5][6] - Investors should continue to monitor GDEV Inc. and H&R Block for potential sustained solid performance in the Consumer Discretionary sector [6]

GDEV Inc. (GDEV) shares ended the last trading session 34.7% higher at $33.02. 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 2.1% gain over the past four weeks. GDEV's stock rally is driven by optimism surrounding the company's refined strategic vision, which emphasizes sustainable growth and operational efficiency. The company's focus on delivering top games, coupled with the recruitment of industry talent, supp ...

Company Overview - GDEV Inc is an international gaming and entertainment company with a diverse portfolio of gaming studios and franchises such as Hero Wars, Island Hoppers, and Pixel Gun 3D, which have accumulated hundreds of millions of installs worldwide [6] - The company operates through subsidiaries including Nexters and Cubic Games, focusing on developing and growing its franchise portfolio across various genres and platforms [6] ATM Offering Details - GDEV has entered into a Sales Agreement with Cantor Fitzgerald & Co and Oppenheimer & Co Inc to offer and sell 1,757,026 ordinary shares held in treasury through an "at the market offering" (ATM Offering) [1] - The shares being offered were previously acquired through a tender offer that expired in January 2024, and no new ordinary shares will be issued in connection with the ATM Offering [1] - The offering will be made pursuant to the company's registration statement on Form F-3 (Registration No 333-282062) and the related prospectus filed with the SEC on September 12, 2024 [2] - The shares will be sold at market prices prevailing at the time of sale or at prices related to such prevailing market prices, and the agents will use commercially reasonable efforts to sell the shares based on the company's instructions [2] Purpose of the ATM Offering - The reintroduction of the shares via the ATM Offering aims to bolster the trading liquidity of the shares by increasing its public float [4] - The company intends to use the net proceeds from the ATM Offering primarily for general corporate purposes, including working capital [4] Availability of Prospectus - Copies of the prospectus relating to the ATM Offering may be obtained from Cantor Fitzgerald & Co and Oppenheimer & Co Inc, or by visiting EDGAR on the SEC's website [2][3]

~GDEU Q2 2024 FINANCIAL RESULTS September 4th, 2024 © GDEV 2024 Disclaimer Forward-looking statements Certain statements in this presentation may constitute "forward-looking statements" for purposes of U.S. federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking ...

GDEV Inc. (NASDAQ:GDEV) Q2 2024 Earnings Conference Call September 4, 2024 9:00 AM ET Company Participants Andrey Fadeev - Founder, Chief Executive Officer Alexander Karavaev - Chief Financial Officer Roman Safiyulin - Chief Corporate Development Officer Conference Call Participants Martin Yang - Oppenheimer Vinay Bhardwaj - Cantor Fitzgerald Papy Bakayoko - Gestion Cristallin Operator Good day! And thank you for standing by. Welcome to the GDEV Q2 2024 Earnings Report Conference Call. At this time, all pa ...

LIMASSOL, Cyprus, Aug. 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces that its financial results for the second quarter ended June 30, 2024 will be released at 8:00 a.m. (Eastern Time) on Wednesday, September 4, 2024. GDEV will host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time the same day. The press release, as well as supplementary slides will be available at gdev.inc. To ...