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DoubleDown Interactive Co., Ltd.

DoubleDown Interactive Co., Ltd.

NASDAQ•DDI
CEO: Mr. In Keuk Kim
Sector: Technology
Industry: Electronic Gaming & Multimedia
Listing Date: 2021-08-31
DoubleDown Interactive Co., Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips. Its games are primarily distributed, marketed, and promoted through third party platform providers. The company was formerly known as The8Games Co., Ltd. and changed its name to DoubleDown Interactive Co., Ltd. in December 2019. The company was incorporated in 2008 and is headquartered in Seoul, South Korea. DoubleDown Interactive Co., Ltd. is a subsidiary of DoubleU Games Co., Ltd.
Contact Information
Gangnam Finance Center, 13th Floor No. 152, Teheran-ro Gangnam-gu, Seoul, 06236, South Korea
82-2-501-7216
www.doubledowninteractive.com
Market Cap
$436.07M
P/E (TTM)
3.8
30.7
Dividend Yield
--
52W High
$11.25
52W Low
$8.09
52W Range
22%
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$95.85M+15.50%
4-Quarter Trend

EPS

$0.66+29.41%
4-Quarter Trend

FCF

$33.30M+4.77%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total Revenue reached $341.3M in 2024, marking a 10.5% increase from $308.9M in 2023, driven by iGaming inclusion.
Profitability Improvement Profit for the year rose $23.3M to $124.4M in 2024; Adjusted EBITDA grew 16.2% to $141.9M for the period.
Strong Player Retention 94.6% of 2024 revenue derived from 2010–2023 player cohorts, demonstrating sustained monetization ability across years.
Web Segment Surge Web revenue showed strong growth, increasing 45.3% to $111.0M in 2024, significantly outpacing the stable mobile segment.

Risk Factors

Revenue Concentration Risk DoubleDown Casino generated 88.6% of 2024 revenue; growth depends heavily on refreshing content and launching new titles.
IP License Termination Threat Received IGT Letter purporting license termination; company is vigorously defending rights against potential loss of key content.
Regulatory/Legal Exposure Facing broad industry investigation via Washington State CID regarding social casino legality and potential for adverse legal actions.
Increased G&A Costs General and administrative expenses surged 108.1% to $41.0M due to the reorganization transfer of the Olive Studio team.

Outlook

Portfolio Diversification Strategy Intend to launch new games and expand adjacent segments like RPGs to reduce reliance on the flagship social casino title.
iGaming Expansion Focus Seek growth from SuprNation's European iGaming division by expanding player engagement in highly regulated markets.
Data-Driven Monetization Continue leveraging data analytics to optimize user acquisition spend and enhance player monetization efforts daily across platforms.
Technology Platform Investment Plan continued investment in robust technology infrastructure to scale business and support agile product development globally.

Peer Comparison

Revenue (TTM)

International Money Express, Inc.IMXI
$625.12M
-6.1%
Sohu.com LimitedSOHU
$577.44M
-4.6%
GDEV Inc.GDEV
$412.00M
-4.8%

Gross Margin (Latest Quarter)

Sohu.com LimitedSOHU
80.6%
+6.7pp
DoubleDown Interactive Co., Ltd.DDI
70.9%
+0.7pp
Satellogic Inc.SATL
67.8%
+8.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SOHU$494.88M3.014.5%0.0%
IMXI$460.62M11.727.6%37.8%
DDI$436.07M3.812.9%4.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.4%
Steady Growth
4Q Net Income CAGR
-2.8%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 10, 2026
|
EPS:$0.62
|
Revenue:$99.61M
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 21, 2025|
    Revenue: $341.33M+10.5%
    |
    EPS: $2.50+23.2%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 28, 2024|
    Revenue: $308.86M-3.8%
    |
    EPS: $2.03+143.0%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 31, 2023|
    Revenue: $321.03M-11.6%
    |
    EPS: $-4.72-377.6%
    Beat

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 4, 2022|
    Revenue: $363.21M+1.4%
    |
    EPS: $1.70+40.5%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 30, 2021|
    Revenue: $358.34M+31.0%
    |
    EPS: $1.21+65.8%
    N/A