SEOUL, Korea, Nov. 10, 2025 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, today announced unaudited financial results for the third quarter ended September 30, 2025. Beginning with the fourth quarter of 2024, the Company began reporting financial results in accordance with International Financial Reporting Standards (“IFRS”), which had previously been reported in accord ...

Core Insights - Spin Master Corp. reported a decline in revenue and net income for Q3 2025 compared to Q3 2024, primarily due to a decrease in toy revenue amid macroeconomic uncertainties and changes in retailer buying behavior [2][5][7]. Financial Performance - Q3 2025 revenue was $734.7 million, a decrease of 17.0% from $885.7 million in Q3 2024 [4][5]. - Operating income for Q3 2025 was $151.0 million, down 25.7% from $203.2 million in Q3 2024 [5][7]. - Net income for Q3 2025 was $106.8 million, or $1.03 per diluted share, compared to $140.1 million, or $1.36 per diluted share, in Q3 2024 [5][6]. - Adjusted EBITDA for Q3 2025 was $195.5 million, a decrease of $82.0 million from $277.5 million in Q3 2024, with an adjusted EBITDA margin of 26.6% compared to 31.3% [5][8]. Segment Performance - Toy revenue decreased by $160.5 million to $650.4 million, with significant declines in Preschool, Infant & Toddler and Plush categories [11][12]. - The Entertainment segment saw revenue decline to $32.8 million, down 11.6%, primarily due to lower distribution revenue from PAW Patrol: The Mighty Movie [13][16]. - Digital Games revenue increased by 36.6% to $51.5 million, driven by strategic partnerships and user engagement in existing games [14][17]. Cash Flow and Liquidity - Cash provided by operating activities was $62.6 million, down from $74.9 million in Q3 2024 [21]. - Free cash flow decreased to $21.6 million from $44.7 million, attributed to higher investments in various areas [23]. - As of September 30, 2025, the company had available liquidity of $472.2 million, consisting of $127.9 million in cash and $344.3 million under credit facilities [20]. Shareholder Returns - The company repurchased and canceled 482,362 subordinate voting shares for $7.9 million during Q3 2025 [5]. - A quarterly dividend of C$0.12 per outstanding subordinate voting share and multiple voting share was declared, payable on January 9, 2026 [24]. Recent Developments - On October 8, 2025, the company completed the acquisition of a Sweden-based digital reading and storytelling company for $20.0 million, which will be reported in the Digital Games segment [26].

Core Points - DoubleDown Interactive Co., Ltd. will release its third quarter financial results for 2025 on November 10, 2025, after market close [1] - A conference call and webcast will be held at 5:00 p.m. ET on the same day, open to the public for a review of financial results and business updates [1] - The company has a strong presence in the digital gaming industry, particularly in mobile and web-based platforms, with its flagship product being DoubleDown Casino [4] Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games, focusing on casual players and providing an online social casino experience [4] - The company has expanded its offerings through the acquisition of WHOW Games GmbH, enhancing its social casino platform [4] - DoubleDown's subsidiary, SuprNation, operates three real-money iGaming sites in Western Europe, indicating a diversified approach within the gaming sector [4]

Core Insights - DoubleDown Interactive Co., Ltd. reported its unaudited financial results for Q2 2025, transitioning to IFRS reporting standards from US GAAP [1][3] - The company generated $19.7 million in cash flow from operations, reflecting strong execution of strategic priorities [3] - Revenue for Q2 2025 was $84.8 million, a decrease of 3.8% from $88.2 million in Q2 2024, with social casino revenue declining by 14% [6][7] Financial Performance - Revenue from the social casino/free-to-play games was $69.3 million in Q2 2025, down from $80.7 million in Q2 2024 [6] - SuprNation, the iGaming subsidiary, achieved record revenue of $15.5 million, up 96% year-over-year [4][6] - Operating expenses increased to $52.4 million in Q2 2025 from $51.9 million in Q2 2024, primarily due to higher costs associated with SuprNation [6] Profitability Metrics - Profit for the interim period was $21.8 million, down from $33.1 million in Q2 2024, with earnings per diluted share of $8.82 compared to $13.35 [6][7] - Adjusted EBITDA for Q2 2025 was $33.5 million, a decrease from $37.5 million in Q2 2024, with an adjusted EBITDA margin of 39.5% [6][7] - Average Revenue Per Daily Active User (ARPDAU) remained stable at $1.33, while average monthly revenue per payer decreased slightly to $286 [6][7] Cash Flow and Balance Sheet - The company ended Q2 2025 with a net cash position of approximately $444 million, or about $8.96 per American Depositary Share (ADS) [5] - Net cash flows from operating activities fell to $19.7 million in Q2 2025 from $34.8 million in Q2 2024, primarily due to increased income taxes [6][7] - Total assets increased to $971.2 million as of June 30, 2025, compared to $906.2 million at the end of June 2024 [20][21]

Core Viewpoint - DoubleDown Interactive Co., Ltd. is set to release its second quarter financial results for 2025 on August 12, 2025, and will host a conference call to discuss these results and provide a business update [1]. Group 1: Financial Results Announcement - The financial results will be released after market close on August 12, 2025 [1]. - A conference call and webcast will take place at 5:00 p.m. ET (2:00 p.m. PT) on the same day [1]. - The call will be open to the general public, allowing for a review of financial results and a question-and-answer session [1]. Group 2: Access Information - Participants can access the call by registering through a provided link, which will send an email with dial-in details and a unique access code [2]. - It is recommended to register at least 15 minutes before the call starts to ensure connection [2]. Group 3: Webcast Availability - A simultaneous webcast of the conference call will be available on the company's website and a replay will be accessible shortly after the event [3]. Group 4: Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games, focusing on mobile and web-based platforms [4]. - The company is known for its flagship social casino title, DoubleDown Casino, which has entertained millions of players globally [4]. - Recently, DoubleDown expanded its platform by acquiring WHOW Games GmbH, enhancing its offerings in the social casino space [4].

Core Points - DoubleDown Interactive Co., Ltd. announced a $10,000 donation to the ASPCA to support animal welfare in the United States [1] - The company is organizing a play-to-enter giveaway event called "Giving Meow" on June 18, 2025, to engage players and promote the ASPCA's mission [2] - CEO In Keuk Kim emphasized the company's commitment to animal welfare and the importance of supporting the ASPCA during kitten season [3] - ASPCA's Director of Cause Partnerships, Matthew Carroll, expressed gratitude for the donation, highlighting its significance during a critical time for animal shelters [3] Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games, focusing on mobile and web-based platforms [4] - The flagship product, DoubleDown Casino, has been popular among players, providing a range of classic and modern games [4] - The company also operates real-money iGaming sites in Western Europe through its subsidiary, SuprNation [4]

Core Viewpoint - DoubleDown Interactive Co., Ltd. has announced a secondary offering of 4,347,827 American Depositary Shares (ADSs) at a price of $8.50 per ADS, with the offering being made by STIC Special Situation Diamond Limited, the Selling Shareholder [1][2]. Group 1: Offering Details - The offering consists entirely of ADSs sold by the Selling Shareholder and will not affect the number of outstanding Common Shares [1]. - The Selling Shareholder has granted underwriters a 30-day option to purchase up to 652,173 additional ADSs at the public offering price [1]. - The offering is expected to close on or about June 13, 2025, subject to customary closing conditions [2]. Group 2: Financial and Regulatory Information - The Company will not receive any proceeds from the sale of the ADSs by the Selling Shareholder [2]. - The ADSs are being offered under a shelf registration statement filed with the SEC on September 14, 2022, which was declared effective on September 27, 2022 [3]. - A prospectus supplement and accompanying prospectus will be filed with the SEC, detailing the terms of the offering [4]. Group 3: Company Overview - DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms, known for its flagship social casino title, DoubleDown Casino [7]. - The Company provides authentic Vegas entertainment experiences to casual players worldwide through its online social casino [7]. - The subsidiary, SuprNation, operates three real-money iGaming sites in Western Europe [7].