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DoubleDown Interactive Co. (DDI) Earnings Call Presentation
2025-06-23 07:14
Financial Performance - DoubleDown Interactive's LTM (Last Twelve Months) revenue was $341 million[11] - The company's LTM AEBITDA was $142 million[11] - The AEBITDA margin for the LTM period was 41.6%[11] - As of March 31, 2025, the company had approximately $422 million in net cash and short-term investments[11] - Q1 2025 revenue reached $83.5 million, with an adjusted EBITDA of $30.8 million and an adjusted EBITDA margin of 36.9%[35] SuprNation Acquisition - SuprNation's Q1 2025 revenues increased by 59% year-over-year to $13.2 million[28, 29] - The acquisition of SuprNation was completed in October 2023 for $36.5 million in cash[26] Market Opportunity - The casual gaming market is estimated at $22.4 billion, while the social casino games market is $7 billion[22] - The company estimates a $25 billion serviceable iGaming market opportunity[38] Key Metrics - The company has a payer conversion rate of 6.9% as of March 31, 2025[38] - The ARPDAU (Average Revenue Per Daily Active User) is $1.29 as of March 31, 2025[38] - 95% of 2024 revenue was generated by 2010-2023 player cohorts[11, 18]