DoubleDown Q3 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y

Zacks11-12

DoubleDown Interactive Co., Ltd.'s DDI third-quarter 2024 earnings and revenues missed the Zacks Consensus Estimate. Following the results, the company’s shares declined nearly 1% in the after-hours ...

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Following the results, the company’s shares declined nearly 1% in the after-hours ...</p>\n\n<a href=\"https://finance.yahoo.com/news/doubledown-q3-earnings-revenues-miss-130900580.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DoubleDown Q3 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDoubleDown Q3 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 21:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/doubledown-q3-earnings-revenues-miss-130900580.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DoubleDown Interactive Co., Ltd.'s DDI third-quarter 2024 earnings and revenues missed the Zacks Consensus Estimate. Following the results, the company’s shares declined nearly 1% in the after-hours ...</p>\n\n<a href=\"https://finance.yahoo.com/news/doubledown-q3-earnings-revenues-miss-130900580.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DDI","symbol_name":"DoubleDown Interactive","start_time":0,"source_url":"https://finance.yahoo.com/news/doubledown-q3-earnings-revenues-miss-130900580.html","article_id":"2482089414","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gl_19R8DekmvzA3Zg3Yozg--~B/aD0zOTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0ebf144352a95b22dfed01b36b0e82c5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482089414","pubTimestamp":1731416940,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"DoubleDown Interactive Co., Ltd.'s DDI third-quarter 2024 earnings and revenues missed the Zacks Consensus Estimate. Following the results, the company’s shares declined nearly 1% in the after-hours trading session yesterday.During the third quarter, DoubleDown benefited from steady growth in its core social casino and SuprNation iGaming businesses. The company’s social casino segment saw a consistent revenue increase for the fourth quarter in a row, indicating DoubleDown's expertise in engaging and monetizing loyal players. This success was partly due to a disciplined approach to user acquisition and research, which supports strong profitability and free cash flow.DoubleDown's iGaming division, SuprNation, has also exceeded initial revenue expectations since its acquisition, further strengthening the company’s portfolio.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.DoubleDown Interactive Co., Ltd. Sponsored ADR Price, Consensus and EPS Surprise. DoubleDown Int","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DDI":"DoubleDown Interactive","CCL":"嘉年华邮轮","HLT":"希尔顿酒店","CUK":"嘉年华存托凭证"},"translate_title":"DoubleDown第三季度盈利和收入未达预期，ARPDAU同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCL":0.9,"CUK":0.9,"DDI":0.9,"HLT":0.9},"content_text":"DoubleDown Interactive Co., Ltd.'s DDI third-quarter 2024 earnings and revenues missed the Zacks Consensus Estimate. Following the results, the company’s shares declined nearly 1% in the after-hours trading session yesterday.During the third quarter, DoubleDown benefited from steady growth in its core social casino and SuprNation iGaming businesses. The company’s social casino segment saw a consistent revenue increase for the fourth quarter in a row, indicating DoubleDown's expertise in engaging and monetizing loyal players. This success was partly due to a disciplined approach to user acquisition and research, which supports strong profitability and free cash flow.DoubleDown's iGaming division, SuprNation, has also exceeded initial revenue expectations since its acquisition, further strengthening the company’s portfolio.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.\nDDI Q3 Results in Detail\nThe company reported earnings per share (EPS) of 51 cents, which missed the Zacks Consensus Estimate of 55 cents by 7.3%. In the prior-year quarter, it reported an EPS of 54 cents.Revenues of $83 million also missed the consensus mark of $83.5 million. The top line grew 13.7% on a year-over-year basis. SuprNation iGaming operations contributed $7.8 million to the quarterly revenues.Average revenue per daily active user (ARPDAU) for the company’s social casino/free-to-play games increased to $1.30 from $1.06 reported a year ago. The average monthly revenue per payer for the social casino/free-to-play games also increased 14.7% year over year to $281.\n\nDoubleDown Interactive Co., Ltd. Sponsored ADR Price, Consensus and EPS Surprise  \nDoubleDown Interactive Co., Ltd. Sponsored ADR price-consensus-eps-surprise-chart | DoubleDown Interactive Co., Ltd. Sponsored ADR Quote\n\nDDI’s Operating Results\nAdjusted EBITDA increased to $36.1 million from $29.7 million reported in the year-ago quarter. Adjusted EBITDA margin expanded 280 basis points to 43.5% year over year.Total operating expenses increased year over year to $47.7 million from $43.3 million. This rise was due to the inclusion of operating expenses related to SuprNation.\nDDI’s Financial Information\nAs of Sept. 30, 2024, DoubleDown had cash and cash equivalents of $292.7 million compared with $206.9 million as of Dec. 31, 2023.At the end of the first nine months of 2024, net cash from operating activities was $101.1 million compared with $8.9 million of net cash used in operating activities in the year-ago period.\nZacks Rank of DDI\nDoubleDown currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nRecent Consumer Discretionary Releases\nCarnival Corporation & plc CCL reported impressive third-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. Both top and bottom lines increased on a year-over-year basis. This upside was backed by sustained demand strength and increased booking volumes. In the quarter, the company reported strong booking momentum for 2025, with volumes remaining robust at higher prices compared with the prior year.The company raised its 2024 adjusted EBITDA guidance due to strong demand and cost-saving opportunities. Management expects net yields at constant currency to increase around 10.4% compared with 2023 levels, exceeding the prior guidance provided in June.Vail Resorts, Inc. MTN reported mixed fourth-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Revenues declined on a year-over-year basis and the adjusted loss widened from the prior-year quarter’s levels.In the quarter, its EBITDA declined year over year due to the underperformance of the winter business in Australia. Snowfall at Australia’s resorts fell 28% from the prior year’s levels and was 44% below the 10-year average, leading to an 18% drop in skier visitation. Although North America’s summer mountain business did not meet expectations, it achieved 15% revenue growth with fewer weather and construction-related disruptions.Hilton Worldwide Holdings Inc. HLT reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. Both the metrics increased on a year-over-year basis.The company's performance was backed by notable improvements in revenue per available room, attributed to higher occupancy rates and average daily rates. Furthermore, in the quarter, Hilton opened 531 new hotels. It achieved net room growth of 33,600. As of Sept. 30, 2024, Hilton's development pipeline comprised nearly 3,525 hotels, with almost 492,400 rooms across 120 countries and territories, including 28 countries and regions with no running hotels. For 2024, the company expects net unit growth in the range of 7-7.5%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCarnival Corporation (CCL) : Free Stock Analysis Report\nHilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report\nVail Resorts, Inc. (MTN) : Free Stock Analysis Report\nDoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482089414"}