Q1 2026 DoubleDown Interactive Co Ltd Earnings Call Transcript
Key Points
- DoubleDown Interactive Co Ltd (DDI) reported a 13% year-over-year increase in consolidated revenue for Q1 2026, reaching $94.1 million.
- The company's adjusted EBITDA rose by 24% year-over-year to $38.2 million, demonstrating strong profitability.
- Social casino revenue grew by 9.5% year-over-year to $76.9 million, driven by the acquisition of WHOW Games.
- The direct-to-consumer (DTC) component of DoubleDown Casino revenue exceeded 40%, contributing to 44% of total social casino revenue in Q1 2026.
- SuprNation's Q1 2026 revenue increased by 30% year-over-year to $17.2 million, supported by the successful launch of its first iGaming brand, Las Vegas.
- The global social casino market is estimated to be in secular decline, posing a challenge for sustained growth in this segment.
- Operating expenses increased to $58.7 million in Q1 2026 from $53.9 million in Q1 2025, primarily due to the inclusion of WHOW Games expenses.
- The average monthly revenue per payer decreased to $207 in Q1 2026 from $276 in the prior year period.
- The recently introduced higher UK gambling tax rate presents a headwind for SuprNation's profitability.
- Despite strong performance, the company faces challenges in maintaining growth momentum in a mature and competitive market.
Good afternoon, and welcome to DoubleDown Interactiveâs earnings conference call for the first quarter ended March 31, 2026. My name is Latif, and I will be your operator this afternoon. Prior to this call, DoubleDown issued its financial results for the first quarter of 2026 and a press release, a copy of which is available in the Investor Relations section of the companyâs 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 todayâs call are DoubleDown CEO, In Keuk Kim; and CFO, Mr. Joe Sigrist. Following their remarks, we will open the call for questions. Before we begin, Joe Jaffoni, the companyâs investor relations adviser, will make a brief introductory statement. Mr. Jaffoni?
Thank you, Latif. Before management begins their formal remarks, we need to remind everyone that some of managementâs comments today will be forward
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