May. 19 at 2:21 PM
Noble Capital Markets Research Report: GDEV (
$GDEV) – Off To A Strong Start
Strong Q1 Results. The company reported Q1 revenue of
$97.0 million and adj. EBITDA of
$15.6 million, both of which easily surpassed our estimates of
$87.0 million and a loss of
$0.6 million, respectively, as illustrated in Figure #1 Q1 Results. Notably, while revenue decreased 9% from last year, adj. EBITDA was up substantially from a loss of roughly
$1.0 million. The improvement in adj. EBITDA was largely driven by the company’s efficient use of marketing spend and focus on profitability.
Read more: https://www.channelchek.com/news-channel/gdev-gdev-off-to-a-strong-start
