Doubledown Interactive Co (DDI) has released an update.
DoubleDown Interactive reported a 14% increase in revenue for the third quarter of 2024, reaching $83 million, driven largely by the acquisition of SuprNation. Despite a slight decrease in net income due to foreign currency issues and increased administrative costs, the company’s Adjusted EBITDA rose by 22% to $36.1 million, showcasing strong profitability and cash flow. The company’s strategic focus on its core social casino business and new iGaming operations has led to sustained growth and financial flexibility.
For further insights into DDI stock, check out TipRanks’ Stock Analysis page.
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