South Korea's DoubleDown Q2 revenue beats estimates, helped by WHOW Games contribution
DDI•Company outlook and corporate review
DoubleDown said it is well positioned to build on success in the second half of 2026.
The company highlighted its strong balance sheet and financial flexibility for strategic growth.
It said it continues to evaluate the controlling shareholder's proposal, but no assurance exists that a transaction will occur.
Q2 revenue and EBITDA beat estimates
South Korea digital games developer DoubleDown said second-quarter revenue rose 11%, beating analyst expectations.
Adjusted EBITDA for the quarter increased 17%, also beating analyst expectations.
Reported financial and analyst details
- Q2 revenue: $94.30 million vs. consensus estimate of $92.89 million from 6 analysts.
- Q2 adjusted EBITDA: $39.30 million vs. consensus estimate of $36.88 million from 6 analysts.
- Q2 adjusted EBITDA margin: 41.60%.
- Q2 pretax profit: $42.30 million.
The current average analyst rating on the shares is buy, with 5 or ratings, 1 , and no or ratings.
