DoubleDown Q3 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y
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DoubleDown Interactive (DDI) reported its Q3 2024 earnings and revenues, which missed estimates. However, the company saw growth in its core social casino and SuprNation iGaming businesses, with an increase in ARPDAU year-over-year.
November 12, 2024 | 2:30 pm
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DoubleDown Interactive's Q3 2024 earnings and revenues fell short of expectations. Despite this, the company experienced growth in its core social casino and SuprNation iGaming businesses, with ARPDAU increasing year-over-year.
The miss in earnings and revenues is likely to negatively impact DDI's stock price in the short term. However, the growth in core businesses and the increase in ARPDAU provide some positive outlook, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100