Overview

* DoubleDown Q2 revenue of $84.8 mln beats analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 exceeds estimates, reflecting effective cost management

* SuprNation revenue grows 96% yr/yr, driven by new player acquisition

Outlook

* DoubleDown sees strong iGaming revenue growth potential

* Company aims to leverage WHOW Games acquisition for market expansion

Result Drivers

* SOCIAL CASINO REVENUE DECLINE - Revenue from social casino/free-to-play games fell 14% yr/yr, impacting overall revenue

* SUPRNATION GROWTH - SuprNation revenue surged 96% yr/yr due to strategic focus on new player acquisition

* OPERATING EXPENSES - Increased expenses linked to SuprNation, offset by reduced R&D costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $84.80 $83.10

Revenue mln mln (5

Analysts

)

Q2 Beat $33.50 $31 mln

Adjusted mln (5

EBITDA Analysts

)

Q2 39.5%

Adjusted

EBITDA

Margin

Q2 $30.60

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the casinos & gaming peer group is "buy"

* Wall Street's median 12-month price target for DoubleDown Interactive Co Ltd ( DDI ) is $20.00, about 52.5% above its August 11 closing price of $9.50

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)