Download PDF

1. Company Snapshot

1.a. Company Description

DoubleDown Interactive Co., Ltd.engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea.The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games.


Its games are primarily distributed, marketed, and promoted through third party platform providers.The company was formerly known as The8Games Co., Ltd.and changed its name to DoubleDown Interactive Co., Ltd.


in December 2019.The company was incorporated in 2008 and is headquartered in Seoul, South Korea.DoubleDown Interactive Co., Ltd.


operates as a subsidiary of DoubleU Games Co., Ltd.

Show Full description

1.b. Last Insights on DDI

DoubleDown Interactive Co., Ltd.'s recent performance was negatively impacted by a shift in accounting standards to International Financial Reporting Standards (IFRS), which may have led to a one-time adjustment in financials. The company's Q2 2025 earnings call highlighted increased competition in the mobile gaming market. Furthermore, the acquisition of WHOW Games GmbH for €55 million may have led to short-term integration challenges. Additionally, despite a consensus price target suggesting a potential upside, the company's growth prospects may be uncertain.

1.c. Company Highlights

2. DoubleDown Interactive's Q4 Earnings Review

Publication Date: Feb -18

📋 Highlights
  • Revenue Performance: The company reported consolidated revenue of $82 million for Q4 2024, a slight year-over-year decline, but still managed to generate significant cash flow from operations. Full-year 2024 revenue was $341 million, up 10% from 2023.
  • Monetization Metrics: Despite a decline in average DAU and MAU in Q4, the company saw strong year-over-year increases in ARPDAU, average monthly revenue per payer, and payer conversion rate, driven by the success of its focus on enhancing the entertainment value of DoubleDown Casino.
  • SuperNation Performance: The company's SuperNation segment reported revenue of $9 million in Q4, with successful marketing execution and a profitable ROI associated with acquiring new users.
  • Growth Priorities: The company's priorities for growth include geo-expansion, brand enhancement, and marketing UA investments, with a focus on high entertainment iGaming players, and expansion into casual gaming categories, including a match-three game currently in beta.
  • Marketing Strategy: The company has increased marketing spending, particularly in the U.K. and Sweden, and has seen a significant ROI from this investment, with a focus on the entertainment-style online slot player and leveraging its brands and product development to cater to this demographic.

Financial Performance

Segment Performance

Growth Initiatives

Valuation

3. NewsRoom

Card image cap

DoubleDown Interactive Co., Ltd. (DDI) Q3 2025 Earnings Call Transcript

Nov -10

Source: seekingalpha.com

Card image cap

Doubledown Interactive to Report 2025 Third Quarter Results on November 10 and Host Conference Call and Webcast

Oct -27

Source: globenewswire.com

Card image cap

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Consensus Rating of “Moderate Buy” by Brokerages

Oct -23

Source: defenseworld.net

Card image cap

Wall Street Analysts Believe DoubleDown Interactive (DDI) Could Rally 99.48%: Here's is How to Trade

Sep -01

Source: zacks.com

Card image cap

DoubleDown Interactive Co., Ltd. (DDI) Q2 2025 Earnings Call Transcript

Aug -13

Source: seekingalpha.com

Card image cap

DoubleDown Interactive Reports Second Quarter 2025 Financial Results

Aug -12

Source: globenewswire.com

Card image cap

DoubleDown Interactive Completes Acquisition of German Social Casino Operator WHOW Games

Jul -14

Source: globenewswire.com

Card image cap

Azerion announces definitive agreement with DoubleDown Interactive for the sale of Whow Games Company sharpens focus on digital advertising, cloud services and AI

Jul -09

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.75%)

6. Segments

Mobile

Expected Growth: 3.5%

DoubleDown Interactive's 3.5% mobile segment growth is driven by increasing mobile gaming adoption, rising smartphone penetration, and the company's successful game portfolio expansion. Additionally, the company's focus on social casino games, which appeal to a broad audience, and its emphasis on in-app purchases and loyalty programs contribute to the growth.

Web

Expected Growth: 4.5%

DoubleDown Interactive's 4.5% growth in Web segment is driven by increasing online gaming popularity, strategic partnerships, and expansion into new markets. Additionally, the company's focus on social casino games, user engagement, and retention strategies contribute to its growth momentum.

7. Detailed Products

DoubleDown Casino

A social casino game that offers a variety of slots, poker, and other casino-style games for entertainment purposes only.

DoubleDown Fort Knox

A social slots game that offers a unique blend of slots and puzzle-solving gameplay.

Ripley's Aquarium of the Smokies

A social aquarium-themed game that allows players to build and manage their own virtual aquarium.

8. DoubleDown Interactive Co., Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for DoubleDown Interactive Co., Ltd. is medium due to the presence of alternative gaming platforms and social media platforms that offer similar services.

Bargaining Power Of Customers

The bargaining power of customers for DoubleDown Interactive Co., Ltd. is low due to the company's strong brand recognition and customer loyalty.

Bargaining Power Of Suppliers

The bargaining power of suppliers for DoubleDown Interactive Co., Ltd. is medium due to the presence of multiple suppliers and the company's ability to negotiate prices.

Threat Of New Entrants

The threat of new entrants for DoubleDown Interactive Co., Ltd. is high due to the low barriers to entry and the growing demand for online gaming platforms.

Intensity Of Rivalry

The intensity of rivalry for DoubleDown Interactive Co., Ltd. is high due to the presence of established competitors and the company's need to continuously innovate and improve its services.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 5.71%
Debt Cost 5.00%
Equity Weight 94.29%
Equity Cost 7.50%
WACC 7.36%
Leverage 6.06%

11. Quality Control: DoubleDown Interactive Co., Ltd. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Karooooo

A-Score: 6.8/10

Value: 2.7

Growth: 7.7

Quality: 9.0

Yield: 5.8

Momentum: 8.0

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
DoubleDown Interactive

A-Score: 5.8/10

Value: 8.0

Growth: 6.4

Quality: 8.9

Yield: 0.0

Momentum: 3.0

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
GigaCloud Technology

A-Score: 5.7/10

Value: 5.9

Growth: 9.1

Quality: 6.2

Yield: 0.0

Momentum: 7.0

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
KCE Electronics

A-Score: 5.3/10

Value: 3.5

Growth: 5.3

Quality: 7.0

Yield: 8.3

Momentum: 3.0

Volatility: 4.7

1-Year Total Return ->

View Full Report
Stock-Card
Kulicke and Soffa

A-Score: 4.7/10

Value: 1.6

Growth: 3.3

Quality: 6.6

Yield: 1.7

Momentum: 5.5

Volatility: 9.3

1-Year Total Return ->

View Full Report
Stock-Card
Hana Microelectronics

A-Score: 4.5/10

Value: 6.2

Growth: 4.6

Quality: 5.6

Yield: 3.3

Momentum: 2.0

Volatility: 5.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

9.24$

Current Price

9.24$

Potential

-0.00%

Expected Cash-Flows