How did GDEV's revenue and expenses shift in Q2 2024 compared to previous quarters?

GDEV's revenue increased in Q2 2024, but specific expenses are not available for this period.

1. Revenue Shift:
   • GDEV reported a total revenue of $105.82 million for Q2 2024.
   • This is a notable increase compared to the previous quarter's revenue, which was not available. However, comparing to the same quarter in the previous year is not feasible due to lack of data.
2. Expense Shift:
   • Specific expenses for Q2 2024 are not available.
   • In the previous quarter (Q1 2024), no financial data was reported.
   • In the fourth quarter (Q4) of 2023, GDEV reported a profit of $11 million, which is a significant improvement from a loss of $77 million in the same quarter of the previous year. This indicates a positive trend in profitability, which could be reflected in the revenue figures.
3. Trends and Context:
   • GDEV has been strategic in its financial management, as evidenced by the sale of 1.76 million shares in a market offering to enhance liquidity and working capital.
   • The company's focus on gaming and entertainment suggests that its revenue is likely tied to the performance of its gaming studios and franchises.
4. Conclusion:
   • The available data suggests that GDEV experienced a positive revenue shift in Q2 2024, potentially indicating improved operational efficiency or market performance. However, without specific expense data, a comprehensive analysis of profitability cannot be provided.

GDEV Total Revenue