DoubleDown Interactive Co. Ltd. has released its unaudited financial results for the first quarter ended March 31, 2025. The company reported revenue of $83.5 million, a decrease from $88.1 million in the first quarter of 2024. The profit for the interim period, excluding non-controlling interest, was $23.8 million, down from $30.3 million in the same period last year. Adjusted EBITDA also saw a reduction, standing at $30.8 million compared to $32.7 million in the first quarter of 2024. Despite the decline in social casino revenues year over year, DoubleDown continues to demonstrate strong monetization metrics for its flagship game, DoubleDown Casino. Additionally, the company's SuprNation iGaming business experienced significant growth, with first-quarter revenues increasing by 59% year over year to $13.2 million. This growth is attributed to strategic investments in new player acquisition in key markets such as Sweden and the U.K. DoubleDown ended the first quarter with a net cash position of approximately $421 million, equating to about $8.51 per ADS. The company remains focused on pursuing growth opportunities, both through in-house development and potential mergers and acquisitions, while maintaining capital efficiency.
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