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]

Financial Data and Key Metrics Changes - In Q2 2024, the company generated revenue of $106 million, a decrease from $115 million in Q2 2023, primarily due to a decrease in the recognition of deferred revenue [6][12] - Bookings decreased by 3% year-over-year, mainly due to a decline in advertising revenue, while in-app purchases remained stable [6][12] - Platform commissions decreased by 16% year-over-year, driven by lower revenues from in-game purchases and a higher share of revenues from the web platform [7] - The company reported a net profit of $15 million and adjusted EBITDA of $16 million, a slight increase of $600,000 compared to the same period in 2023 [12] Business Line Data and Key Metrics Changes - Hero Wars: Dominion Era showed flat bookings year-over-year, with average bookings per paying user growing by 6% quarter-over-quarter and 3% year-over-year [14] - Hero Wars: Alliance experienced a 4% year-over-year decrease in bookings, but remained flat quarter-over-quarter, focusing on product improvements for future user acquisition [15] - Pixel Gun 3D saw a 10% year-over-year increase in monthly active users and a 45% increase in monthly paying users, indicating strong brand recognition [17] - Island Hoppers improved retention and monetization of paying users, with a focus on building marketing infrastructure for future user acquisition [18] Market Data and Key Metrics Changes - The U.S. market contributed 34% of total bookings, while the European region increased its share by five percentage points to 29% [19] - The share of PC revenue increased by four percentage points year-over-year, attributed to the release of Pixel Gun 3D on Steam and good performance of Hero Wars: Dominion Era [19] Company Strategy and Development Direction - The company aims to enhance user experience and increase retention, engagement, and monetization metrics, with plans to reinvest gains into user acquisition during peak seasons [20] - The focus is on product development rather than aggressive marketing spending until products are optimized [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth due to improved market predictability and internal initiatives enhancing business efficiency [10][30] - The company does not expect substantial increases in advertising monetization but anticipates strong in-app purchases [28] Other Important Information - The company is working on a program to improve stock liquidity and broaden the shareholder base, which may take several months to implement [35][37] Q&A Session Summary Question: Marketing spend and user scale relationship - Management expects marketing spend in Q3 to be comparable to Q2, focusing on product development before increasing spending in Q4 [21] Question: Potential for expanding Hero Wars distribution on PC - Management sees promise in the Steam platform and plans to prepare the product for a larger scale launch in 2025 [22] Question: Outlook on CPM rates - Management noted that CPM rates have stabilized and do not expect substantial deviations in the near term [24][25] Question: Bookings and user acquisition effectiveness - Management indicated that the trend of stable in-app purchases and declining advertising monetization is expected to continue, with solid growth anticipated in H2 2024 [28] Question: Strategy to improve stock liquidity - Management acknowledged the need for increased visibility and plans to participate in more investor conferences and roadshows [35][38]

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 ...

LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the first quarter ended March 31, 2024. Financial highlights: First quarter 2024: Revenue of $107 million decreased by 10% year-over-year. Bookings of $109 million increased by 4% year-over-year. Loss for the period of $1 million in Q1 2024 vs. loss of $8 million in Q1 2023. Adjusted E ...

LIMASSOL, Cyprus, May 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the first quarter ended March 31, 2024. Financial highlights: First quarter 2024: Revenue of $107 million decreased by 10% year-over-year. Bookings of $109 million increased by 4% year-over-year. Loss for the period of $1 million in Q1 2024 vs. loss of $8 million in Q1 2023. Adjusted E ...

Core Viewpoint - GDEV Inc. is set to release its financial results for Q1 2024 on May 28, 2024, at 4:00 p.m. Eastern Time, with additional materials available on its website [1] Company Overview - GDEV is an international gaming and entertainment company that operates a hub of gaming studios, focusing on the development and growth of its franchise portfolio across various genres and platforms [2] - The company includes subsidiaries such as Nexters and Cubic Games, aiming to create engaging games that inspire millions of players [2] - GDEV's franchises, including Hero Wars, Island Hoppers, and Pixel Gun 3D, have achieved hundreds of millions of installs globally [2]

Contacts: Investor Relations Roman Safiyulin | Chief Corporate Development Officer investor@gdev.inc Cautionary statement regarding forward-looking statements Certain statements in this press release may constitute "forward-looking statements" for purposes of the 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, i ...

Financial Performance - For the year ended December 31, 2023, net cash flows generated from operating activities decreased by $98.1 million compared to 2022, primarily due to a $73.1 million increase in cash outflows for acquiring new players and a $27.8 million decrease in bookings [510]. - The company reported a profit of $46.1 million for the year ended December 31, 2023, compared to a profit of $7.4 million in 2022 [509]. - The company experienced a foreign exchange loss of $3.4 million in 2023, compared to a loss of $1.0 million in 2022 [509]. Cash and Liquidity - Cash and cash equivalents totaled $71.8 million at December 31, 2023, down from $86.8 million at the end of 2022 [506]. - The company believes its cash and cash equivalents, along with cash flows from operations, will be sufficient to meet normal operating requirements for the next twelve months [507]. - The company aims to ensure sufficient liquidity to meet financial liabilities, monitoring expected cash inflows and outflows over the next 90 days [719]. Capital Expenditures and Investments - Capital expenditures for the years ended December 31, 2023 and 2022 were $0.8 million and $1.1 million, respectively, with an estimated $0.1 million for 2024 up to the date of the report [505]. - Net cash flows used in investing activities for the year ended December 31, 2023 amounted to $32.5 million, a significant decrease from $171.8 million in 2022, attributed to reduced acquisitions and investments in gaming studios [511]. - The company incurred substantial expenditures in the past for M&A activities and may continue to do so in the future as it evaluates acquisition opportunities [504]. Compensation and Employee Relations - For the fiscal year ended December 31, 2023, the aggregate cash compensation paid to the Company's executive officers was $1,803 thousand [540]. - The aggregate cash compensation paid to the Company's directors was $1,867 thousand [540]. - Performance-based and equity-based compensation is a key component of executive compensation packages [537]. - The Company aims to align the interests of shareholders and management through the 2021 ESOP [551]. - The company has not experienced any work stoppages or strikes due to labor disputes, indicating a good relationship with employees [582]. Foreign Currency Risk - As of December 31, 2023, the company's net exposure to foreign currencies was $15,104 million in Euro, $89 million in Russian Ruble, $(931) million in Armenian Dram, $218 million in Kazakhstani Tenge, and $11 million in United Arab Emirates Dirham [722]. - A 10% strengthening of the USD against the Euro would decrease equity and profit by $1,510 million, while a weakening would increase it by the same amount [724]. - The company has a reasonably possible exposure to foreign currency risk, particularly with respect to the Euro and Russian Ruble [722]. - The total impact of a 10% strengthening or weakening of the USD against all currencies would result in a potential change of $1,448 million in equity and profit or loss [724]. Governance and Compliance - The audit and risk committee includes members who meet the independence requirements of the Sarbanes-Oxley Act and Nasdaq standards, ensuring effective oversight of financial reporting [569]. - The board of directors consists of 7 members, with 3 female and 4 male directors, reflecting a commitment to diversity [581]. - The company has never required an accounting restatement during or after the last completed fiscal year [583].

LIMASSOL, Cyprus, March 19, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its preliminary unaudited financial and operational results for the fourth quarter and full year ended December 31, 2023. Financial highlights: Fourth quarter 2023: Revenue of $109 million increased by 10% year-over-year.Bookings of $106 million increased by 4% year-over-year.Profit for the period of $11 million in Q4 2023 vs. loss of $77 million ...

Unaudited Interim Condensed Consolidated Financial Statements For the six months ended June 30, 2023 and June 30, 2022 Exhibit 99.1 Table of Contents GDEV Inc. 3 Table of Contents GDEV Inc. Contents | UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS | | | --- | --- | | AT JUNE 30, 2023 AND DECEMBER 31, 2022 | 3 | | UNAUDITED INTERIM CONDENSED CONCONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND | | | OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 | 4 | | U ...