Cyprus' GDEV Q4 prelim revenue falls on lower consumer spending

Reuters03-06
Cyprus' GDEV Q4 prelim revenue falls on lower consumer spending

Overview

  • Cyprus gaming firm's preliminary Q4 revenue fell 8% yr/yr

  • Net income for Q4 rose to $14 mln, driven by reduced marketing expenses

  • Adjusted EBITDA for Q4 increased to $15 mln, reflecting improved operational efficiency

Outlook

  • Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

  • DECLINING CONSUMER SPENDING - Revenue fell due to lower consumer spending levels and strategic focus on high-quality users

  • MARKETING EFFICIENCY - Selling and marketing expenses dropped 25% as company prioritized high-value user acquisition

  • INCREASED PROFIT - Profit rose due to lower financial expenses and reduced losses from equity associates

Company press release: ID:nGNX8DPhTK

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$90 mln

$95.80 mln (2 Analysts)

Q4 Net Income

$14 mln

Q4 Adjusted EBITDA

$15 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for GDEV Inc is $70.00, about 362% above its March 2 closing price of $15.15

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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