Q3 2024 GDEV Inc Earnings Call Transcript

Nov 14, 2024 / 02:00 PM GMT

Release Date Price: €24.2

Transcript

Key Points

Positve

GDEV Inc (GDEV) reported a 5% quarter-over-quarter revenue growth, surpassing analyst expectations for both revenue and adjusted EBITDA.
The company is focusing on long-term product improvements to enhance player engagement and retention, which is expected to drive sustainable growth.
GDEV Inc (GDEV) has strengthened its leadership team with the appointment of Olga Lasko Tova as Chief Operating Officer, bringing valuable managerial expertise.
The company has increased its marketing investments by EUR 9 million year-over-year, aligning with its strategic plan to explore new growth opportunities.
GDEV Inc (GDEV) executed a one-for-ten stock split and announced an at-the-market offering to improve stock liquidity and appeal, resulting in a 15-fold increase in average daily trading volume.

Negative

Despite quarter-over-quarter growth, GDEV Inc (GDEV) experienced a 9% year-over-year revenue decline, primarily due to a decrease in bookings.
The company is still feeling the effects of underinvestment in marketing from 2022, impacting booking dynamics over recent quarters.
Net profit decreased to EUR 15 million in Q3 2024 from EUR 24 million in the same period last year, attributed to lower revenue and higher marketing expenses.
The gaming landscape is highly competitive, and GDEV Inc (GDEV) faces challenges in adapting to rapidly changing player preferences and gameplay trends.
The company is in a transformation phase, which may lead to uncertainties and potential risks in achieving its long-term strategic goals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GDEV.OQ - GDEV Inc
Q3 2024 GDEV Inc Earnings Call
Nov 14, 2024 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good day, everyone and warm greetings from Cyprus. We are delighted to have you join us today as we present Jade's third quarter, 2024 earnest results on today's call. Our presenters will be Andre Piv founder and CEO Alexander Karev, Chief Financial Officer, and me, Romans, chief corporate development officer.

Before we get started, I would like to remind you that today's discussion may contain forward-looking statements which may not develop as we currently expect. We have posted a supplementary presentation at GDV dot inc which contains information and precautionary warnings on forward-looking statements as well as our non Ira s financial matters for a more complete discussion of the risk and asserts. Please see our findings with the SEC. Now let

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.