South Korea · Delayed Price · Currency is KRW DoubleUGames Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw record revenue and profit, driven by strong social casino and rapid casual segment growth. DTC revenue share surged to 47.5%, and operating margins remained robust. The company expects further DTC expansion and stable growth across all segments in H2.
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Q1 2026 saw record revenue and profit, driven by a surge in DTC share and strong growth in casual and iGaming segments. All business units were profitable, with AI-based development accelerating new title launches and cost efficiencies.
Fiscal Year 2025
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Record annual revenue and profitability were achieved in 2025, driven by growth in iGaming and casual games, with Q4 marking the highest quarterly revenue ever. The company targets double-digit growth and further diversification in 2026, leveraging AI and DTC expansion.
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Q3 saw strong revenue growth across all segments, with Social Casino and DTC channels leading gains. Acquisitions and new game launches fueled expansion, while regulatory trends support a long-term DTC strategy. Profitability and efficiency improved, with further growth targeted next year.
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Q2 2025 revenue grew 5.4% YoY to KRW 171.9B, with EBITDA margin at 34% and net income margin at 19%. Whow Games acquisition and DTC expansion are set to drive further growth, while SuprNation and Paxie Games delivered strong YoY gains.
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Q1 2025 saw revenue rise to KRW 162B, driven by iGaming and DTC growth, with SuprNation and Paxie Games delivering standout results. Operating margins remained strong, and the company is set to consolidate Paxie in Q2 while pursuing global M&A and new game launches.
Fiscal Year 2024
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2024 saw record revenue and profits, driven by Social Casino and iGaming growth, with strong cost control and expanding DTC platform payments. Dividend payout reached an all-time high, and further growth is expected from new games, M&A, and platform optimization.
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Q3 2024 saw 10.4% YOY revenue growth and stable profitability, with strong social casino and iGaming performance. Net income declined due to FX losses, but shareholder returns are set to expand in 2025 through dividends and share repurchases.
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Q2 2024 saw record revenue and profitability, with strong YoY growth in all key metrics and robust cash generation. Social casino and iGaming segments drove performance, while efficient marketing and cost control supported margins. M&A and new game launches remain strategic priorities.