GDEV Inc. released its financial and operational results for the fourth quarter and full year ended December 31, 2024, on March 31, 2025. For Q4 2024, revenue was $98 million, marking a 12% decline quarter-over-quarter and an 11% decrease year-over-year.
The company reported a net loss of $2 million for the fourth quarter of 2024, compared to a profit in the prior year period. Adjusted EBITDA for the quarter was $2 million.
Selling and marketing expenses in Q4 2024 amounted to $47 million, representing a 14% decrease year-over-year. This reduction was attributed to a shift in the company's user acquisition strategy, focusing on efficiency rather than scale.
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