GDEV Earnings Prediction
The chart below shows how GDEV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GDEV sees a +13.48% change in stock price 10 days leading up to the earnings, and a +6.64% change 10 days following the report. On the earnings day itself, the stock moves by +3.88%. This data can give you a slight idea of what to expect for the next quarter's release.
GDEV Key Earning Data
2024/Q4
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GDEV Earnings Analysis
GDEV Inc. Ordinary Shares Corporation (GDEV.O) Earnings Conference Call
Positive
Q3 Revenue Performance: In Q3 2024, revenue amounted to $111 million, reflecting a 5% growth quarter-over-quarter, exceeding analysts’ expectations for both revenue and adjusted EBITDA.
Marketing Investment Increase: Our marketing investments increased by $9 million year-over-year, reaching $52 million, aligning with our strategic plan.
Q3 2024 Net Profit: Net profit in Q3 2024 amounted to $15 million, demonstrating effective cash management during this period of transformation.
EBITDA Decline, Cash Flow Increase: Adjusted EBITDA for the quarter was $16 million, down $13 million year-over-year, but cash flows generated from operating activities increased to $12 million compared to $8 million in Q3 2023.
European Bookings Growth: Bookings in Europe grew year-over-year, increasing the region's share of total bookings from 26% to 30%.
Negative
Quarterly Revenue Performance: In Q3 2024, revenue amounted to $111 million, reflecting a 5% growth quarter-over-quarter, but a 9% decline year-over-year.
Bookings Decline Analysis: Bookings declined by 8% year-over-year to $93 million.
Net Profit Decline: Net profit in Q3 2024 amounted to $15 million, compared to $24 million in the same period last year, primarily due to lower revenue and higher marketing spend.
Quarterly Adjusted EBITDA Decline: Adjusted EBITDA for the quarter was $16 million, down $13 million year-over-year.
Commission Revenue Decline: Platform commissions decreased by 13% year-over-year or $4 million, driven by lower revenues from in-game purchases.
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GDEV Earning Call Sentiment
GDEV Inc. (GDEV) Q3 2024 Earnings Call Transcript
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GDEV.O
-4.12%Positive
The earnings call presents a mixed picture. Financial performance shows declining revenue and net profit, but increased marketing spend and cash flow improvements. The Q&A highlights successful game launches and stable profitability, but management's vague responses about M&A and expansion create uncertainty. The reverse stock split and at-the-market offering could negatively impact the stock, balancing out the positive aspects like increased bookings in Europe. Overall, the sentiment seems neutral, with no strong catalysts for significant stock movement.
