High Roller and DoubleDown Q2: Revenue up 19.5% and 3.9%, respectively

Key points:

– High Roller revenue increased 19.5% to $6.9m; DoubleDown increased 3.9% to $84.8m

– DoubleDown still going strong with social games, branching out to iGaming

– High Roller leads with new executive team and ideas on business development

High Roller and DoubleDown have published their Q2 results for the period ending 30 June, 2025.

DoubleDown

Revenue increased 3.9% to $84.8m year-on-year. Although this figure was bolstered by $69.3m from social and free-to-play casino games, this vertical saw a 14% decline. The revenue from SuprNation increased 96% to $15.5m, which was a result of strong player acquisition this year.

Profit fell 34.1% to $21.8m, which DoubleDown attributed to unrealised loss on foreign currency and higher general expenses.

Adjusted EBITDA also fell 11.9% to $33.5m.

Keuk Kim, DoubleDown CEO, said: “We continue to drive strong monetisation metrics for our flagship casino game, DoubleDown Casino, somewhat offsetting the expected year-over-year social casino revenue decline given the exceptional performance in the comparable prior-year period.

“This quarter, our SuprNation iGaming business generated record revenue of $15.5m, up 96% from Q2 2024, reflecting the success of our strategies to prudently scale investments to acquire new players for our iGaming sector, which we first entered in October 2023.”

The operator also began a €55m ($64.7m) acquisition of Whow Games in July to strengthen the Seoul-headquartered company’s presence in the European market.

High Roller

Revenue increased 19.5% year-on-year to $6.9m.

Net loss improved 60.6% to $592,000, although on a six-month comparison, this deepened 15.4% compared to the previous H1 to $3.9m.

Adjusted EBITDA also swung into the green with a figure of $362,000, signifying a 138.9% difference from last year.

Some highlights for this period include hiring a new executive team, including Sarah Stienon as Chief Legal & Compliance Officer; Adam Felman as CFO; Seth Young as Chief Strategy Officer; Sara Nunes as Managing Director & Chief Commercial Officer, Finland; and Carlo Scappaticci as Managing Director, Canada.

Average revenue per user also increased 80% quarter-on-quarter.

The company is also now planning ahead for various initiatives, including launching in Ontario in H2 2025, a brand refresh for High Roller and Fruta, releasing a third brand, strengthening geolocation and compliance within the company and adding hundreds of new games to the library.

Ben Clemes, High Roller CEO, said: “Looking forward, we believe launching in Ontario will be transformative for High Roller, particularly in the context of our partnership with SpikeUp Media.

“We’re also exploring other interesting strategic opportunities for further expansion. The Company is entering a new era, and our confidence in High Roller’s future is at an all-time high.”

To support ventures in new jurisdictions, High Roller recently partnered with Playtech for the latter’s technology.