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GDEV (GDEV) investor relations material

GDEV Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary21 Aug, 2026

Executive summary

  • Revenue for Q2 2026 was $94 million, down 22% year-over-year, and H1 2026 revenue was $193 million, down 11% year-over-year.

  • Profit for Q2 2026 was $20 million, up from $17 million in Q2 2025; H1 2026 profit was $37 million, up from $31 million in H1 2025.

  • Adjusted EBITDA for Q2 2026 was $20 million (down from $22 million), while H1 2026 Adjusted EBITDA was $39 million (up from $38 million).

  • Cash flows from operating activities improved to $10 million in Q2 2026 and $15 million in H1 2026, compared to negative flows in prior periods.

Financial highlights

  • Selling and marketing expenses dropped 38% year-over-year in Q2 2026 and 27% in H1 2026, reflecting a focus on efficient user acquisition.

  • Platform commissions decreased 29% in Q2 2026 and 17% in H1 2026, in line with lower revenues.

  • Game operation and general/admin costs remained stable year-over-year.

Outlook and guidance

  • Management emphasizes a selective approach to marketing, prioritizing channels with higher long-term value.

  • Forward-looking statements caution about risks and uncertainties affecting future performance.

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Frequently asked questions

GDEV Inc. is an international gaming and entertainment company specializing in the development and publishing of online games across various platforms, including mobile, web, and social media. The company is well-known for its popular franchises such as Hero Wars, Pixel Gun 3D, and Island Hoppers, which cater to a global audience. GDEV operates through a network of studios, focusing on live service games that continuously engage a large user base. The company is headquartered in Limassol, Cyprus, and its shares are listed on the NASDAQ.