The chart below shows how DDI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DDI sees a -3.51% change in stock price 10 days leading up to the earnings, and a +2.28% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase 2024: Total revenue for 2024 reached $341,300,000, marking a 10% increase from $308,900,000 in 2023.
Adjusted EBITDA Increase: Adjusted EBITDA for the full year 2024 was $141,900,000, a 16% increase compared to $122,100,000 in 2023, with an adjusted EBITDA margin improving to 41.6%.
Cash Flow Increase: Generated over $148,000,000 in cash flow from operations for the full year 2024, significantly up from $24,100,000 in 2023.
Record Quarterly Revenue: Super Nation achieved its highest quarterly revenue of $9,000,000 in Q4 2024, exceeding prior estimates by over 30% since its acquisition.
ARPDAU and Payer Conversion Growth: Average revenue per daily active user (ARPDAU) increased to $1.30 in Q4 2024 from $1.24 in Q4 2023, alongside a rise in the payer conversion ratio to 6.9% from 6.4% year-over-year.
Negative
Revenue Decline Analysis: Consolidated revenue decreased slightly year over year to $82,000,000 in Q4 2024, down from $83,100,000 in Q4 2023, indicating a decline in overall sales performance.
Q4 Adjusted EBITDA Decline: Adjusted EBITDA for Q4 2024 was $35,100,000, a decrease from $37,000,000 in the same quarter last year, reflecting a drop in operational profitability.
Operating Expenses Increase: Operating expenses rose to $47,800,000 in Q4 2024, compared to $47,400,000 in Q4 2023, indicating increased costs associated with operations despite flat revenue.
Industry Revenue Decline Forecast: Analysts forecast a decline in industry revenues for 2025, which poses challenges for year-over-year growth in the social casino category, potentially impacting future performance.
EBITDA Margin Decline: The adjusted EBITDA margin decreased to 42.8% in Q4 2024 from 44.5% in Q4 2023, suggesting a reduction in profitability relative to revenue generation.
Earnings call transcript: Doubledown Interactive Q4 2024 shows steady growth
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