0001628280-26-034088
SEC filingDoubleDown Interactive reported Q1 2026 revenue of $94.1 million, up 12.7% year-over-year, with profit rising 48.4% to $35.4 million and strong cash flow generation.
DoubleDown Interactive's Q1 2026 results reflect robust growth across its diversified portfolio, with total revenue reaching $94.1 million, a 12.7% increase from Q1 2025, primarily fueled by the July 2025 acquisition of WHOW Games GmbH and expansion in iGaming via SuprNation. Social casino revenue, now inclusive of WHOW Games, grew 9.5% to $76.9 million, bolstered by a DTC channel shift to 44.2% of segment revenue from 12.8%, alongside improved payer conversion to 9.7% and ARPDAU of $1.34, though average monthly revenue per payer dipped to $207 due to WHOW's profile. SuprNation delivered 30.0% revenue growth to $17.2 million, its highest quarterly figure since 2023 acquisition, driven by the October 2025 launch of the Los Vegas brand. Operating expenses rose to $58.7 million from $53.9 million, mainly from WHOW integration, yet profit excluding non-controlling interest surged 48.4% to $35.4 million, yielding $14.28 diluted EPS ($0.71 per ADS) versus $9.62 ($0.48) last year. This was supported by higher revenue, unrealized foreign currency gains, partially offset by SuprNation growth costs. Adjusted EBITDA climbed 24.0% to $38.2 million with margin expansion to 40.6%, underscoring operational leverage. CEO In Keuk Kim highlighted execution on diversification across products and geographies, with social casino and iGaming both growing, DTC momentum, and strong cash conversion yielding $46.4 million in operating cash flow. Balance sheet strength is evident with cash at $432.8 million as of March 31, 2026. Separately, a non-binding $11.25 per ADS buyout proposal from controlling shareholder DoubleU Games Co. Ltd. (announced April 29, 2026) is under special committee review, with no further updates expected absent material developments.