DoubleDown Interactive Co., Ltd. reported its unaudited financial results for the first quarter ended March 31, 2025, continuing to report under International Financial Reporting Standards (IFRS). The company generated $41.1 million in cash flow from operations during the period, demonstrating successful execution on its strategic operating priorities.
While social casino revenues experienced a year-over-year decline, the flagship DoubleDown Casino game maintained strong monetization metrics. The SuprNation iGaming business showed significant growth, with revenues rising 59% year-over-year to $13.2 million, driven by increased investments in new player acquisition in the Sweden and U.K. markets.
DoubleDown concluded the first quarter with an aggregate net cash position of approximately $421 million, which translates to approximately $8.51 per ADS. This robust financial position provides the company with flexibility to pursue further growth opportunities through internal development and potential mergers and acquisitions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.