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DoubleDown Interactive Co. (DDI) investor relations material
DoubleDown Interactive Co. Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Q3 2025 consolidated revenue reached $95.8 million, up 15.5% year-over-year, driven by growth in social casino and iGaming segments.
Adjusted EBITDA was $37.5 million, and cash flow from operations was $33.4 million for the quarter.
Earnings per fully diluted common share rose 30.8% to $13.21, with profit for the interim period at $32.7 million.
Strong performance driven by DoubleDown Casino app, SuprNation iGaming, and international growth, especially in Europe.
Recent acquisition of WHOW Games in Germany to expand European presence and impact future KPIs.
Financial highlights
Q3 2025 revenue increased from $83.0 million in Q3 2024.
Social casino segment grew nearly 6% year-over-year and 15% sequentially, with WHOW Games contributing.
iGaming revenues more than doubled year-over-year, up 108% to $16.2 million.
ARPDAU rose to $1.39 from $1.30 in Q3 2024.
Payer conversion rate increased to 7.8% from 6.8% year-over-year.
Adjusted EBITDA margin was 39.1%, down from 44.0% in Q3 2024.
Net cash from operations for Q3 2025 was $33.4 million; $94.1 million for the first nine months.
Cash, cash equivalents, and short-term investments totaled $439.2 million at quarter-end.
Average monthly revenue per payer: $272, slightly down from $281 year-over-year.
Profit margin improved to 34.2% from 30.3% year-over-year.
Cash and cash equivalents at quarter-end were $348.3 million, up from $334.9 million at year-end 2024.
Outlook and guidance
Targeting over 20% of social casino revenue from direct-to-consumer (DTC) channels by year-end.
Continued focus on player acquisition for SuprNation, with payback periods around six months.
Plans to launch a new iGaming brand, Las Vegas Sites, and expand native app offerings.
Ongoing evaluation of new markets and potential acquisitions to diversify revenue.
WHOW Games' full impact on KPIs will be assessed and reported in Q4 2025.
Management highlighted flexibility for organic and M&A-driven growth, supported by a strong net cash position of $404 million.
WHOW Games impact on social casino KPIs Q4?
What caused the Adjusted EBITDA margin decline?
How will the $404M net cash position be used?
DTC strategy beyond 20% Q4 target
WHOW Games: Third-party casino app leverage
Sweepstakes ban: Capital deployment for user growth?
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Next DoubleDown Interactive Co. earnings date
Q4 20256 Feb, 2026
Next DoubleDown Interactive Co. earnings date
Q4 20256 Feb, 2026
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Frequently asked questions
DoubleDown Interactive Co., Ltd. (DDI) is a South Korea-based company that specializes in the development and publishing of online and mobile games. Among its main offerings are DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival. These games are widely recognized for their engagement and entertainment value, catering to a diverse audience seeking casual gaming experiences. The company's products are distributed, marketed, and promoted through third-party platform providers.. DoubleDown Interactive Co., Ltd. is headquartered in Seoul, South Korea, and its shares are listed on the Nasdaq.
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