GDEV Inc. Ordinary Shares - GDEV STOCK NEWS

GDEV Inc. announced the final results of its tender offer to purchase 16,554,256 of its ordinary shares at a price of $2.00 per share, amounting to approximately $33.1 million. The company intends to reintroduce the purchased shares into the securities markets to increase its public float and trading liquidity.

GDEV Inc. (GDEV) released its unaudited financial and operational results for Q3 and nine months ended September 30, 2023. Revenue declined by 5% YoY, but grew 6% QoQ. Bookings declined by 6% YoY. Total comprehensive income declined by 22% YoY, but grew 15% QoQ. Profit for the period amounted to $24 million. Cash flows from operating activities declined to $8 million. Adjusted EBITDA declined to $29 million. Selling and marketing expenses increased to $43 million. Monthly Paying Users increased by 23% YoY. Product updates include milestones for Hero Wars and planned release of Pixel Gun 3D on Steam.

An international gaming company, Nexters, announced its first series of acquisition deals as a public entity, including Cubic Games, RJ Games, and Royal Ark, with a total investment of approximately $100 million. This move enhances Nexters’ midcore gaming portfolio with popular titles like Pixel Gun 3D and aims to solidify its market presence, tapping into segments accounting for significant gaming revenue. The acquisitions are expected to be funded through existing cash and a new share issuance, with anticipated annual bookings increase by $130 million by 2024.

Nexters Inc. (Nasdaq: GDEV) has soft launched its new casual game, Island Questaway, on iOS and Android, expanding its portfolio beyond midcore gaming. This title features a mix of gameplay styles, engaging storyline, and various puzzles, aiming to attract casual gamers. Following the success of Chibi Island, launched on July 27, 2021, Nexters plans to leverage both games to enhance its presence in the casual gaming market. The company aims to offer deep gameplay mechanics typically found in midcore titles while maintaining accessibility for casual players.

Nexters Inc. (NASDAQ: GDEV) reported third-quarter 2021 results, achieving record revenues of $115 million, a 77% increase year-over-year. Despite a net loss of $104 million due to a $125 million non-cash, non-recurring listing expense, the company posted an Adjusted Net Profit of $8 million, improving from a loss of $11 million in Q3 2020. Operating cash flow rose 59% to $51 million. Bookings grew 29% to $151 million, with Asia bookings nearly doubling. Launches included Chibi Island and Throne Rush, with a new Boost program to support indie developers.

Nexters Inc. (NASDAQ: GDEV) will release its financial results for Q3 and the nine months ending September 30, 2021, on November 17, 2021. A conference call for discussion will occur at 9:00 a.m. U.S. Eastern Time, available via dial-in or webcast. Investors can find the earnings release on the company’s website. Nexters is recognized for popular games like Hero Wars and Throne Rush, having surpassed 200 million installs globally, positioning itself as a leading mobile game company in Europe.

Nexters (Nasdaq: GDEV) has launched a web version of its popular game, Throne Rush, aimed at enhancing platform diversification and reducing commission fees. The company reported a remarkable 91% year-on-year growth in desktop game bookings in H1 2021, now comprising 33% of total bookings, resulting in a 3% decline in blended platform commission. Throne Rush, originally launched in 2013, will continue evolving with new features based on player feedback. Nexters also plans to expand into casual games and target the Asian market for further growth.

Nexters Inc. (Nasdaq: GDEV) has launched the Nexters Boost program to support small game developers with capital investments ranging from $500,000 to $2.5 million per project. This initiative marks a significant move in Nexters' M&A strategy, aimed at consolidating the gaming industry and diversifying its product portfolio. The program seeks to identify promising teams globally, focusing on Russian-speaking developers in Eastern Europe. It is an effort to nurture indie game makers and enhance their market potential through mentorship and expertise.

Nexters Inc. (NASDAQ: GDEV) reported strong financial results for H1 2021, achieving record bookings of $268 million and Q2 revenues of $110 million, marking a 73% YoY increase. Monthly paying users soared to 395,000 in Q2, reflecting a 43% YoY growth. Despite these successes, the company faced a net loss of $32 million in H1, attributed to rising operational costs and increased marketing expenses totaling $155 million. The recent launch of their mobile game, Chibi Island, is expected to further expand their player base and enhance growth.