Quarterly ResultMay 12, 2026, 04:17 PM
DoubleDown Interactive Receives $11.25/ADS Buyout Offer
AI Summary
DoubleDown Interactive announced strong unaudited financial results for Q1 2026, alongside an update on the unsolicited non-binding expression of interest from its controlling shareholder, DoubleU Games Co. Ltd., to acquire outstanding shares at $11.25 per ADS. The company reported a 12.7% increase in revenue to $94.1 million and a 48.4% rise in profit to $35.4 million. Adjusted EBITDA grew 24.0% to $38.2 million, driven by contributions from the WHOW Games acquisition and growth in its iGaming subsidiary, SuprNation.
Key Highlights
- DoubleU Games offers $11.25 per ADS for outstanding shares.
- Q1 2026 Revenue rose 12.7% to $94.1 million.
- Profit for interim period increased 48.4% to $35.4 million.
- Adjusted EBITDA rose 24.0% to $38.2 million.
- Direct-to-Consumer revenue increased to $34.0 million.
- SuprNation revenue increased 30.0% to $17.2 million.
- Net cash flow from operating activities increased to $46.4 million.
- Payer Conversion ratio increased to 9.7% from 6.9%.
Price Impact
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