GDEV Q2 rev. up 13% YoY to $120mln, adj. EBITDA $22mln.

• GDEV reports Q2 2025 revenue of $120 million, up 13% YoY. • Selling and marketing expenses increased 11% YoY to $53 million. • Profit for the period, net of tax, rose to $17 million from $15 million. • Adjusted EBITDA reached $22 million, up from $17 million. • Cash position at $932 million provides resources for potential strategic investments. • H1 2025 revenue increased 32% YoY to $217 million. • Platform commissions rose 10% YoY to $25 million. • Game operation expenses increased 2% YoY to $46 million.

Cyprus-based gaming and entertainment company GDEV Inc. (NASDAQ: GDEV) has announced its financial results for the second quarter and first half of 2025, showcasing robust growth and improved profitability. The company reported a 13% year-over-year (YoY) increase in revenue for Q2 2025, reaching $120 million. This growth was primarily driven by a rise in the consumable portion of in-app purchases, partially offset by a decrease in advertising bookings [1].

Selling and marketing expenses increased by 11% YoY to $53 million, reflecting the company's continued investment in performance marketing. Despite this increase, GDEV managed to record a profit for the period, net of tax, of $17 million, up from $15 million in the same period last year. Adjusted EBITDA reached $22 million, an increase of $5 million compared to the same period in 2024 [1].

The company's cash position stood at $932 million, providing ample resources for potential strategic investments. In the first half of 2025, revenue increased by 32% YoY to $217 million. Platform commissions rose by 10% YoY to $25 million, while game operation expenses increased by 2% YoY to $46 million [1].

GDEV's operational performance comparison showed a decline in bookings for the second quarter and first half of 2025, primarily due to a decrease in monthly paying users. The share of advertisement sales as a percentage of total bookings also decreased, reflecting a global trend of declining CPM rates for advertising. The company's focus on mobile and PC platforms remained relatively stable, with a slight increase in the share of mobile games in the second quarter of 2025 [1].

The company's forward-looking statements caution investors about risks and uncertainties, highlighting the need for careful consideration of future developments. GDEV's strategic investments and operational efficiency will be crucial in maintaining its growth trajectory and profitability.

References:
[1] https://www.stocktitan.net/news/GDEV/gdev-announces-results-for-the-second-quarter-and-first-half-of-9aoxcsns2kxl.html