Gdev Q2 FY26 profit rises 20% to $20 million; revenue drops 22% to $94 million

Island Hoppers sold for $5 million; $2.1 million of related deferred revenue will be recognized on an accelerated basis at closing.

Gdev reported Q2 2026 revenue of $94 million, down 22% year-over-year on lower bookings.

Profit for the period, net of tax, rose to $20 million, up 20% year-over-year.

Selling and marketing expenses fell to $33 million, down 38% year-over-year, reflecting a more selective performance-marketing approach.

Non-IFRS adjusted EBITDA slipped to $20 million, down 7% year-over-year; operating cash flow swung to $10 million from negative $10 million.