DoubleDown Interactive has announced unaudited financial results for the third quarter ended September 30, revealing a revenue increase to $83m from $73m in the third quarter of 2023.
SuprNation, a European igaming operator which was acquired by the company on October 31, 2023, generated total revenue of $7.8m in the third quarter of 2024. Revenue exclusive of the contributions from SuprNation increased three per cent to $75.2m.
Operating expenses increased to $47.7m in the third quarter from $43.3m in the third quarter of 2023, primarily due to the inclusion of operating expenses related to SuprNation, partially offset by lower sales and marketing and research and development expenses.
Adjusted EBITDA increased to $36.1m from $29.7m in the third quarter of 2023. Adjusted EBITDA margin increased to 43.5 per cent from 40.7 per cent in 2023.
