Nov. 26 at 4:01 PM
Noble Capital Markets Research Report: GDEV (
$GDEV ) – Efficient Capital Use Drives Improved 2025 Outlook
Strong Q3 results. The company reported Q3 revenue of
$97.6 million and adj. EBITDA of
$26.7 million. While revenue was slightly below our estimate of
$100.0 million, adj. EBITDA strongly outperformed our estimate of
$7.2 million. Notably, the strong adj. EBITDA figure was largely driven by more efficient use of marketing spend, which decreased by 43% from the year earlier comparable period.
Read more: https://www.channelchek.com/news-channel/gdev-gdev-efficient-capital-use-drives-improved-2025-outlook