DoubleDown Interactive Co. (DDI) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue increased 12.7% year-over-year to $94.1 million, driven by growth in social casino and iGaming, with record results at SuprNation since its 2023 acquisition.

• Profit excluding non-controlling interest rose 48.4% to $35.4 million, with diluted EPS of $14.28 per share ($0.71 per ADS).

• Adjusted EBITDA grew 24.0% to $38.2 million, with margin improving to 40.6%.

• Net cash flow from operations was $46.4 million, reflecting higher operating profit and lower income taxes paid.

• Integration of acquisitions and focus on M&A remain strategic priorities for long-term value.

Financial highlights

• Social casino/free-to-play revenue rose 9.5% to $76.9 million, boosted by the WHOW Games acquisition.

• Direct-to-Consumer revenue surged to $34.0 million, now 44.2% of total social casino revenue, up from 33% in Q4 2025.

• SuprNation iGaming revenue increased 30.0% year-over-year to $17.2 million, aided by the Las Vegas brand launch.

• Operating expenses rose to $58.7 million, mainly due to WHOW Games integration.

• Cash, cash equivalents, and short-term investments totaled $533.4 million, with a net cash position of $500 million as of March 31, 2026.

Outlook and guidance

• Focus remains on optimizing DTC revenue as a percentage of overall social casino revenue throughout 2026.

• Continued investment in player acquisition and product development to drive growth, especially in iGaming.

• Ongoing efforts to offset higher U.K. gambling tax through product and marketing adjustments.

• Management emphasized ongoing strategic initiatives to expand and diversify across products and geographies.

• Focus remains on driving high conversion of revenue to cash flow and maintaining financial flexibility for future transactions.