Quarterly ResultMay 12, 2026, 04:08 PM
DoubleDown Q1 Revenue +12.7%, EPS +48.4%; Receives Buyout Offer
AI Summary
DoubleDown Interactive reported strong first-quarter 2026 financial results, with revenue increasing 12.7% to $94.1 million and earnings per fully diluted common share rising 48.4% to $14.28. The company also provided an update on the unsolicited non-binding offer from its controlling shareholder, DoubleU Games Co. Ltd., to acquire all outstanding common shares not currently owned at $11.25 per ADS, which is currently under evaluation by a special committee. Growth was driven by contributions from the WHOW Games acquisition and the launch of a new iGaming brand, Los Vegas.
Key Highlights
- Controlling shareholder offers to acquire outstanding shares at $11.25 per ADS.
- Q1 2026 Revenue increased 12.7% to $94.1 million from $83.5 million in Q1 2025.
- Profit for the interim period rose 48.4% to $35.4 million ($14.28 EPS) from $23.8 million ($9.62 EPS).
- Adjusted EBITDA increased 24.0% to $38.2 million, with margin at 40.6%.
- Social casino revenue grew 9.5% to $76.9 million, aided by WHOW Games acquisition.
- Direct-to-Consumer revenue rose to $34.0 million from $9.0 million, now 44.2% of social casino revenue.
- iGaming subsidiary SuprNation revenue increased 30.0% to $17.2 million, driven by Los Vegas brand launch.
- Net cash flows from operating activities increased to $46.4 million from $41.1 million.