Nexters Inc. ( (GDEV) ) has released its Q2 earnings. Here is a breakdown of the information Nexters Inc. presented to its investors.
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GDEV Inc., an international gaming and entertainment company, is known for its diverse portfolio of franchises across various platforms, including popular titles like Hero Wars and Pixel Gun 3D. In its latest earnings report for the second quarter and first half of 2025, GDEV reported a 13% year-over-year increase in revenue for the second quarter, reaching $120 million. The company also saw a rise in net profit to $17 million from $15 million in the same period last year, alongside a 30% increase in Adjusted EBITDA to $22 million.
Key financial metrics highlighted in the report include a strong cash position of $93 million, which positions the company well for future strategic investments. Despite the positive revenue growth, the company experienced a decline in bookings, which fell by 14% in the second quarter and 20% in the first half of 2025 compared to the previous year. This decline was attributed to a reduction in monthly paying users and a decrease in advertising bookings.
The report also noted a shift in the platform mix, with mobile platforms accounting for a larger share of bookings compared to the previous year. Geographically, the distribution of bookings remained stable, with slight increases in Europe and decreases in Asia. The company’s strategic focus on performance marketing and efficiency in user acquisition spending is evident in the financial results.
Looking ahead, GDEV’s management remains focused on leveraging its strong cash reserves to explore strategic investments and continue optimizing its marketing strategies to drive growth. The company aims to maintain its position in the gaming industry by adapting to market trends and enhancing its franchise offerings.