{"id":77,"date":"2024-06-27T03:35:24","date_gmt":"2024-06-27T00:35:24","guid":{"rendered":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/"},"modified":"2024-06-27T03:35:24","modified_gmt":"2024-06-27T00:35:24","slug":"doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters","status":"publish","type":"post","link":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/","title":{"rendered":"DoubleDown Halts the Decline With Initial Earnings Growth in 8 Quarters"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/RH0nJPO_eFg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>DoubleDown Interactive, the social gambling game creator, revealed in its initial three-month financial report that the firm observed a consecutive rise in earnings for the first time in eight three-month periods. <\/p>\n<p>DoubleDown Interactive, the social gambling game creator, revealed in its initial three-month financial report that the firm observed a consecutive rise in earnings for the first time in eight three-month periods.<\/p>\n<p>Home > Finance > DoubleDown Halts the Decline With Initial Earnings Growth in 8 Quarters.<\/p>\n<p>DoubleDown Halts the Decline With Initial Earnings Growth in 8 Quarters.<br \/>\nDoubleDown credited the &#8220;solid&#8221; initial three-month performance to the firm&#8217;s strong business model, emphasizing that the firm consistently achieves over 30% adjusted EBITDA margin and &#8220;substantial&#8221; cash flow.<\/p>\n<p>Chief Executive Officer Keuk Kim stated that the firm continues to benefit from robust player involvement in its primary social gambling game, DoubleDown Casino, and therefore plans to focus on enhancing player monetization. This will be accomplished through the development of new casino-wide features.<\/p>\n<p>Kim also hinted at the firm&#8217;s venture into new categories in the upcoming year.<\/p>\n<p>&#8220;We are also allocating capital to expand into new gambling categories, such as online gambling, through our previously announced acquisition of SuprNation, which is anticipated to finalize later this year,&#8221; he stated.<\/p>\n<p>DoubleDown&#8217;s initial three-month earnings decreased year-over-year.<br \/>\nEarnings for the three-month period were $77.6 million, down 9.2% from $85.5 million in the initial three-month period of 2022. However, on a consecutive basis, the outcome was better than $76. <\/p>\n<p>DoubleDown showcased a robust performance during the final quarter of 2022, with earnings reaching a substantial $20 million. They successfully reduced operational expenses to $52.2 million, a notable decrease from the $60.8 million spent during the same period the previous year. This was attributed to lower costs associated with goods sold, diminished marketing expenditures, and a reduction in amortization charges.<\/p>\n<p>Although the enterprise encountered a one-time impairment charge of $270 million, impacting their annual outcomes, they still managed to elevate their adjusted EBITDA margin from 31.5% to 32.8%. This achievement was attained despite a slight decline in adjusted EBITDA, which decreased by 5.6% from the preceding period. The company attributed this to lower income and reduced marketing outlays.<\/p>\n<p>DoubleDown possesses considerable adaptability in how they allocate their resources. They also observed a positive trend in their average revenue per daily active user, which rose from $0.97 in the initial quarter of 2023 to $1.03.<\/p>\n<p>Overall, DoubleDown&#8217;s profits expanded, with net income reaching $23.7 million in the first quarter of 2023, a 28.1% increase compared to the previous year. The company is well-prepared for future mergers, acquisitions, and investment possibilities. <\/p>\n<p>Kim declared that DoubleDown is implementing measures to further refine its core social casino operations to guarantee the ongoing production of appealing annual free cash flow. With more than $100 million in unallocated funds, the firm boasts a robust financial position, granting it numerous avenues to allocate resources and amplify shareholder value. Kim expresses optimism about the company&#8217;s trajectory and believes its strategic and operational initiatives will sustain robust performance throughout the rest of 2023.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>DoubleDown Interactive, the social gambling game creator, revealed in its initial three-month financial report that the firm observed a consecutive rise in earnings for the first time in eight three-month periods. DoubleDown Interactive, the social gambling game creator, revealed in its initial three-month financial report that the firm observed a consecutive rise in earnings for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DoubleDown Interactive Sees First Earnings Rise in 8 Quarters<\/title>\n<meta name=\"description\" content=\"DoubleDown Interactive, the social gambling game creator, reports a consecutive rise in earnings for the first time in eight quarters.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"DoubleDown Halts the Decline With Initial Earnings Growth in 8 Quarters\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"DoubleDown Interactive, the social gambling game creator, reports a consecutive rise in earnings for the first time in eight quarters.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T00:35:24+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/\",\"name\":\"DoubleDown Interactive Sees First Earnings Rise in 8 Quarters\",\"isPartOf\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T00:35:24+00:00\",\"dateModified\":\"2024-06-27T00:35:24+00:00\",\"author\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"DoubleDown Interactive, the social gambling game creator, reports a consecutive rise in earnings for the first time in eight quarters.\",\"breadcrumb\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/27\/doubledown-halts-the-decline-with-initial-earnings-growth-in-8-quarters\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\/\/miraxcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DoubleDown Halts the Decline With Initial Earnings Growth in 8 Quarters\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/\",\"name\":\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\",\"description\":\"Experience the excitement of licensed online gambling with our regularly updated news, in-depth reviews, and expert articles. 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