Q4 2025 DoubleDown Interactive Co Ltd Earnings Call Transcript
Key Points
- DoubleDown Interactive Co Ltd (DDI) reported a 17% year-over-year increase in consolidated revenue for Q4 2025, reaching $95.8 million.
- The company's adjusted EBITDA rose by 16% year over year to $40.6 million, demonstrating strong profitability.
- Social casino revenue grew by 9% year over year, driven by the first full quarter contribution from WHOW Games.
- Direct-to-consumer (DTC) revenue exceeded 30% of total social casino revenue, indicating successful strategic focus on DTC growth.
- SuprNation's Q4 2025 revenue increased by 78% year over year, showcasing significant growth in the iGaming segment.
- Operating expenses increased to $65.9 million in Q4 2025 from $47.8 million in Q4 2024, primarily due to impairment loss and increased expenses from WHOW Games.
- Profit excluding noncontrolling interest decreased by 31% to $24.7 million, mainly due to the impairment loss on SuprNation goodwill.
- Average monthly revenue per payer in the social casino segment decreased to $198 from $282 in the prior year period.
- The company faces challenges in the mature social casino market, with growth potential primarily outside the United States.
- Despite strong cash flow generation, there is concern over the company's capital allocation strategy, with calls for share buybacks or dividends to enhance shareholder value.
Good afternoon, and welcome to DoubleDown Interactive's earnings conference call for the fourth quarter ended December 31, 2025. My name is Cherie, and I will be your operator this afternoon.
Prior to this call, DoubleDown issued its financial results for the fourth quarter of 2025 in a press release, a copy of which is available in the Investor Relations section of the company's website at www.doubledowninteractive.com. You can find the link to the Investor Relations section at the top of the home page.
Joining us on today's call are DoubleDown's CEO, Mr. In Keuk Kim; and its CFO, Mr. Joe Sigrist. Following their remarks, we will open the call for questions. Before we begin, Joe Jaffoni, the company's Investor Relations advisers will make a brief introductory statement.
Thank you, Cherie. Before management begins their formal remarks, we need to remind everyone that some of management's comments today will be forward
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