Channelchek
Aug 20, 1:25 PM
Noble Capital Markets Research Report: GDEV (
$GDEV) – Profitability Momentum In Focus Ahead Of Q2 Results
Q2 results preview. We expect GDEV’s second-quarter results to reflect continued disciplined user acquisition spending and a focus on profitable growth. For context, Q1 revenue increased 2% to
$99 million, while adjusted EBITDA increased 15% to
$18 million, benefiting from a 13% decline in selling and marketing expense, as illustrated in Figure #1 Q1 Results. The return to top-line growth, following a revenue decline in fiscal 2025, is encouraging.
Read full report here: https://www.channelchek.com/news-channel/gdev-gdev-profitability-momentum-in-focus-ahead-of-q2-results
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