Welcome to our dedicated page for Doubledown Interactive Co., Ltd. news (Ticker: DDI), a resource for investors and traders seeking the latest updates and insights on Doubledown Interactive Co., Ltd. stock.
DoubleDown Interactive Co., Ltd. (DDI) delivers innovative social casino and casual gaming experiences through its digital entertainment portfolio. This news hub provides investors and industry observers with official updates on corporate developments, financial performance, and product innovations.
Access timely announcements including earnings reports, strategic partnerships, and technology initiatives that shape DDI's position in the competitive gaming sector. Our curated collection features press releases and verified news covering operational milestones, regulatory updates, and market expansion efforts.
Key focus areas include mobile gaming advancements, virtual goods economy trends, and leadership updates impacting DDI's global operations. Bookmark this page for direct access to primary sources about the company's progress in merging entertainment technology with sustainable monetization strategies.
DoubleDown Interactive (NASDAQ: DDI) will present at Tribe Public’s webinar titled “Doubling Down on Digital Social Casino” on April 12 at 11:00 a.m. ET. CEO In Keuk Kim and CFO Joe Sigrist will participate in a presentation and Q&A session. Interested attendees are encouraged to register for the complimentary event and submit questions to management prior to the webinar. Following the event, a replay will be available on DoubleDown’s Investor Relations website. The company specializes in digital social casino games, notably its flagship product, DoubleDown Casino.
DoubleDown Interactive reported its Q4 and full year 2021 financial results, showing a 5.2% decrease in quarterly revenues to $86.3 million compared to Q4 2020. However, net income increased to $17.5 million, up from $15.5 million last year. Full year revenues grew by 1.4% to $363.2 million, with net income rising to $78.2 million from $53.6 million in 2020. Adjusted EBITDA for Q4 was $25.8 million, down from $29.9 million, while the annual adjusted EBITDA remained stable at $120.1 million. The company reported strong cash flows of $96.1 million for the year and ended with a solid cash balance of $242 million.
DoubleDown Interactive (NASDAQ: DDI) scheduled a conference call for February 8, 2022, at 5:00 p.m. ET to discuss its fourth quarter and full-year financial results for 2021. Prior to the call, a press release will be issued containing these results. The call will include management presentations and a Q&A session. Interested parties can join using U.S. and international dial-in numbers provided and may access a replay of the call through February 22, 2022.
DoubleDown Interactive (NASDAQ: DDI) announced a $1.5 million investment in Epic Games, enhancing its exposure to the growing metaverse market. The investment was made through a venture fund alongside major Korean internet and gaming companies. Epic Games operates Fortnite and develops Unreal Engine, widely used in various industries. CEO In Keuk Kim emphasized the strategic nature of this investment, as the company seeks to explore mergers and acquisitions that align with its core business. This move reflects DoubleDown's commitment to expanding its digital gaming portfolio.
DoubleDown Interactive, a leader in digital social casino games, will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. Management's presentation is scheduled for January 14, 2022, at 12:30 p.m. ET, with one-on-one meetings available throughout the day. An audio webcast of the presentation will be accessible live and archived on the company's investor relations website. DoubleDown is known for its flagship title, DoubleDown Casino, which has entertained millions of players worldwide with a variety of games.
DoubleDown Interactive (NASDAQ: DDI) reported its Q3 2021 financial results, revealing a 6% revenue decrease to $87.0 million compared to Q3 2020. However, net income surged to $22.8 million ($9.91 per share), up from $8.3 million in the previous year. Adjusted EBITDA also increased by 4% to $30.2 million, with an improved margin of 34.7%. The company ended the quarter with a strong cash balance of $223.1 million and reported a significant increase in ARPDAU by 12%. Despite revenue declines, the operational metrics indicate growth potential.
DoubleDown Interactive (NASDAQ: DDI) will host a conference call on November 10, 2021, at 5:00 p.m. ET to discuss its third quarter results for the period ending September 30, 2021. A press release with financial results will precede the call. Participants can join via U.S. dial-in at 1-888-705-0418 or international at 1-929-517-9007, using Conference ID: 2667354. A replay of the call will be available until December 10, 2021.
B. Riley Securities has concluded its cash tender offer for up to 2,000,000 American Depositary Shares (ADS) of DoubleDown Interactive (Nasdaq: DDI) at $18.00 per ADS. The offer expired on October 22, 2021, and was oversubscribed, with 3,228,289 DDI ADS tendered. B. Riley will purchase the ADS on a pro rata basis, with a preliminary proration factor of approximately 61.95%. This tender offer was structured per the Offer to Purchase dated September 23, 2021.
DoubleU Games intends to acquire additional common shares of DoubleDown Interactive (DDI) as part of a strategic agreement. This acquisition involves purchasing 161,927 shares from STIC at US$360 each, totaling about 3,238,540 ADSs. Upon completion, DoubleU Games' ownership in DDI will rise from 60.5% to 67%. The transaction is expected to finalize by late October 2021. CFO Jay Choi expressed strong confidence in DDI’s long-term growth, emphasizing the collaborative growth potential between the companies.
DoubleDown Interactive (NASDAQ: DDI) has launched its first-ever RPG, Undead World: Hero Survival, a zombie apocalypse game available on Android and iOS as of September 27, 2021. This marks a significant shift from the company's traditional social casino games. The launch was accompanied by a major content update that introduced three new heroes, a new mini-game, and hero ascension features, with future updates promised. CEO In Keuk Kim expressed excitement over the game’s reception and the potential for ongoing development.
