Published
Land-BasedFinancialResults

DoubleDown Interactive year-end revenue reaches $321m

DoubleDown Interactive has published both its Q4 and FY2022 financial results. During the fourth quarter and for the year, the company reported decreases in revenue and adjusted EBITDA.

revenue_decrease
Listen To Article

In Q4, overall company revenue fell by nearly $10m when compared to the previous year’s period. The company ended the fourth quarter with $76.2 in revenue.

Adjusted EBITDA fell to $27.4m during Q4, dropping by nearly $1m year-over-year.

DoubleDown reported similar trends for the fiscal year. Revenue at the end of 2022 reached $321m, dropping by nearly $40m when compared to last year’s figures. The company’s adjusted EBITDA fell to $101.6m year-over-year. The adjusted EBITDA margin for 2022 was 31.6%.

DoubleDown CEO Keuk Kim said: “DoubleDown completed the fourth quarter with continuing solid cash flow generation and strong adjusted EBITDA margins, continuing to demonstrate the attractive high-margin, capital light business model of our company.”

Kim went on to discuss the company’s progress throughout the year and its loyal customer base.

He said in closing: “Our full-year 2022 revenue of $321m represents growth of over 17% compared to full-year 2019, the most recent comparable period prior to the COVID pandemic, which we believe illustrates the stickiness of the customer base we have retained over the past several years.

“While global inflationary pressures and recession concerns may be moderately impacting discretionary spending broadly, we believe our compelling gaming options and player loyalty provide us with an advantageous position to remain a leading gaming company.”

DoubleDown Interactive delivers its users a variety of gaming genres in multiple formats and publishes its games on both web-based and mobile platforms. Its DoubleDown Casino flagship title is well-known among its multimillion-player fanbase.

The company’s social casino portfolio includes a variety of modern and classic games.

Premium+ Connections
Premium

Revsharks

 
Premium

Lynon

 
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

Imagine Live

 
 
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

RISK

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...