Overview

* DoubleDown Q3 revenue rises 15.5% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats estimates, reflecting strategic growth initiatives

* SuprNation iGaming revenue increases 108% yr/yr, driven by new player acquisition

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* SUPRNATION GROWTH - Revenue from SuprNation increased 108% due to focus on new player acquisition

* WHOW GAMES ACQUISITION - Initial contributions from WHOW Games increased European revenue

* OPERATING EXPENSES - Increased due to WHOW Games integration and SuprNation revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $95.80 $94.30

Revenue mln mln (5

Analysts

)

Q3 Beat $37.50 $35.60

Adjusted mln mln (5

EBITDA Analysts

)

Q3 39.10%

Adjusted

EBITDA

Margin

Q3 $41.10

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $19.00, about 54.2% above its November 7 closing price of $8.71

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

Press Release:

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(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.)