What factors influenced GDEV's EPS in 2023?

GDEV's EPS was influenced by several key factors:

1. Rebranding and Strategic Transformation: GDEV's rebranding from Nexters Inc. to GDEV Inc. in June 2023 marked a significant shift towards becoming a holding company, focusing on nurturing a diversified portfolio of studios and franchises. This strategic transformation likely had an impact on the company's financial structure and operations, which in turn affected its EPS.
2. Financial Performance: GDEV's financial results for Q2 and H1 2023 show a total revenue of $464.55 million and a net income of $46.12 million for the year ending December 31, 2023. The company's revenue growth, although substantial, may not have been fully translated into EPS due to various operational and strategic factors.
3. Operational Efficiency and Costs: The company's net profit margin was reported at -27.05%, indicating significant operational costs or losses that could have negatively impacted EPS. Factors such as marketing expenses for new game releases, development costs, and distribution fees can influence profitability and, consequently, EPS.
4. Market Conditions and Competition: The gaming industry is highly competitive, and market conditions, such as the performance of rival companies, the success of new games, and the overall health of the gaming market, can affect a company's financial performance and, by extension, its EPS.
5. Share Buyback and Tender Offers: GDEV announced a tender offer to purchase up to 20,000,000 of its ordinary shares at a purchase price of $2.00 per share. Such actions can influence EPS by affecting the number of shares outstanding and the company's financial leverage.

In conclusion, GDEV's EPS in 2023 was influenced by a combination of strategic shifts, financial performance, operational factors, market conditions, and shareholder return initiatives. These factors, either directly or indirectly, impacted the company's profitability and, consequently, its EPS.