DoubleDown Interactive has reported $88.2 million in revenue in the second quarter, up around 17 percent compared to second quarter 2023, where revenue reached $75.2 million.
Operating expenses were up around 9 percent year-on-year, at $52 million compared to $47.7 million. This rise was primarily attributed to SuprNation, the company’s European igaming operator, acquired in October. Still, SuprNation generated $7.9 million in revenue. Exclusive of these contributions, DoubleDown’s revenue was up 7 percent.
“Our SuprNation iGaming operations also had another solid quarter as 2024 second quarter revenue of $7.9 million was well above the estimated quarterly run rate the business was generating prior to our acquisition,” In Keuk Kim, CEO of DoubleDown, said in a press release,
Net income also was up around 36 percent to $33.3 million, amid higher revenue and lower overall sales, marketing, research and development expenses.
“Going forward, our focus will remain on prudently driving further increases in player monetization to deliver consistent free cash flow generation while simultaneously evaluating both organic and M&A focused growth opportunities to leverage our significant financial strength in order to further grow our top and bottom lines and create new value for our shareholders,” Kim said.
Founded in 2008, DoubleDown Interactive is a developer and publisher of digital games with headquarters in Seattle, Washington, and Seoul, South Korea.
