DoubleDown Q1 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y

Company Performance - DoubleDown Interactive Co., Ltd. (DDI) reported first-quarter 2025 earnings per share (EPS) of 48 cents, missing the Zacks Consensus Estimate of 55 cents by 12.7% and down from 61 cents in the prior-year quarter [2] - Revenues for the quarter were $83.5 million, which also fell short of the consensus mark of $84 million, representing a 5.2% decline year-over-year [2] - The company's social casino/free-to-play games generated revenues of $70.3 million, down 12% year-over-year, while SuprNation iGaming operations contributed $13.2 million, up 59% year-over-year [2] Financial Metrics - Average revenue per daily active user (ARPDAU) for social casino/free-to-play games increased to $1.29 from $1.26 a year ago, while average monthly revenue per payer decreased by 1.8% year-over-year to $276 [3] - Adjusted EBITDA decreased to $30.8 million from $32.7 million in the year-ago quarter, with the adjusted EBITDA margin contracting by 20 basis points to 36.9% [4] - Total operating expenses decreased to $53.9 million from $57 million year-over-year, primarily due to lower revenues and reduced research and development expenses [4] Cash Position - As of March 31, 2025, DDI had cash and cash equivalents of $365.7 million, an increase from $334.9 million as of December 31, 2024 [5] - Net cash from operating activities for the first quarter was $41.1 million, compared to $35.7 million in the year-ago period [5]