On Tuesday, DoubleDown Interactive (NASDAQ:DDI) discussed first-quarter financial results during its earnings call. The full transcript is provided below.
Benzinga APIs provide real-time access to earnings call transcripts and financial data. Visit https://www.benzinga.com/apis/ to learn more.
Access the full call at https://edge.media-server.com/mmc/p/5mnzmd24
Summary
DoubleDown Interactive reported a strong start to 2026 with Q1 revenue of $94.1 million, up 13% year-over-year, and adjusted EBITDA of $38.2 million, up 24% year-over-year.
The company’s social casino revenue grew by 9.5% year-over-year to $76.9 million, driven by the acquisition of wow Games and an increase in direct-to-consumer (DTC) revenue, which reached 44% of total social casino revenue.
Super Nation’s iGaming revenue increased by 30% year-over-year to $17.2 million, aided by the launch of its first iGaming brand, Las Vegas, despite facing challenges from increased UK gambling taxes.
The company remains focused on strategic M&A opportunities, aiming to enhance long-term shareholder value, while maintaining a strong balance sheet with $533.4 million in cash and short-term investments.
Management is optimistic about continuing to drive profitability and cash flow, supported by operational excellence and targeted investments, but acknowledges the challenges posed by the secular decline of the social casino market.
Full Transcript
OPERATOR
Good afternoon and welcome to DoubleDown Interactive’s earnings conference call for the first quarter ended March 31, 2026. My name is Lateef and I will be your operator this afternoon. Prior to this call, Double down issued its financial results for the first quarter of 2026 and a press release, a copy of which is available in the Investor Relations section of the company’s website at www.DoubleDownInteractive.com. you can find the link to the Investor Relations section at the top of the homepage. Joining us on today’s call are DoubleDown CEO Mr. In Ko Kim and its CFO Mr. Joe Sigrist. Following their remarks, we will open the call for questions. Before we begin, Joe Giffoni, the Company’s Investor Relations Advisor, will make a brief introductory statement. Mr. Jaffoni. Thank you, Lateef.
Joe Giffoni (Investor Relations Advisor)
before Management begins their formal remarks, we need to remind everyone that some of Management’s comments today will be Forward looking statements within the meaning of Section 27A of the securities Act 1933, as amended and Section 21E of the securities Exchange act of 1934 as amended, and we hereby claim the protection of the Safe harbor provision of the Private Securities Litigation Reform act of 1995. Forward looking statements are statements about future events and include expectations and projections not present or historical facts and can be identified by use of the words such as may, might, will, expect, assume, believe, intend, estimate, continue, should, anticipate or other similar terms. Forward looking statements include and are not limited to those regarding the Company’s future plans, merger and acquisition strategy, strategic and financial objectives, expected performance and financial outlook. Forward looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially and adversely from what the Company expects. Therefore, you should exercise caution in interpreting and relying on them. We refer you to DoubleDown’s annual report on Form 20F filed with the SEC on March 31, 2026 and other SEC filings for a more detailed discussion of the risks that could impact future operating results and financial condition. These forward looking statements are made only as of the date of this call. The Company does not undertake and expressly disclaims any obligation to update or alter the forward looking statements, whether as a result of new information, future events or otherwise. Except as required by law. During today’s call, management will discuss non IFRS financial measures which management believes to be useful in evaluating the Company’s operating performance. These measures should not be considered superior to in isolation or as a substitute for financial results prepared in accordance with IFRS. A full reconciliation of these measures to the most directly comparable IFRS measures is available in the earnings release issued this afternoon. I would like to remind everyone that this call is being recorded and will be made available for replay via the link in the Investor Relations section on Double Down’s website. Thank you for your patience with that and it’s now my pleasure to turn the call over to Double Down CEO Ake Kim. Ake, please go ahead.
Ake Kim
Thank you, Joe Good afternoon everyone. We are delighted to be with you today to discuss Double Down Interactive First Quarter 2026 Results Key Highlights include overall financial results reflecting a solid start to 2026, the highest quarterly revenue at Super Nation since our acquisition of the business back in 2023, significant continued growth of our direct to consumer social casino revenue and another quarter of delivering consistent profitability and significant free cash flow. We believe these results validate our strategy and demonstrate our ability to drive operational excellence across our portfolio. Let’s start with the financial results. This afternoon we reported first quarter consolidated revenue of $94.1 million up nearly 13% year over year, along with adjusted EBITDA of $38.2 million up 24% year over year. In Q1, we again delivered on our priority to drive a high conversion of revenue to profit and cash flow. Net cash flow from operations was $46.4 million in the quarter we delivered this strong …
This post was originally published here
