1Q 2026 Earnings Presentation

The first quarter 2026 earnings presentation for DoubleU Games details a period of record-breaking financial performance, characterized by significant revenue growth and improved operational efficiency across all business segments. The company reported quarterly revenue of 205.0 billion KRW, representing a 2.6% increase quarter-over-quarter and a 26.6% increase year-over-year. This growth was accompanied by record-high EBITDA and operating income, which reached 75.1 billion KRW and 68.5 billion KRW, respectively.

The company’s growth strategy is anchored by the expansion of its casual and iGaming segments, both of which achieved profitability during this period. Casual gaming revenue saw a notable 28.8% quarter-over-quarter increase, driven largely by the integration of AI-driven titles, which now account for 70% of the segment's revenue. Simultaneously, the social casino business stabilized at 150 billion KRW, benefiting from a strategic shift toward direct-to-consumer (DTC) channels, which saw its revenue share nearly quadruple year-over-year to 38.7%.

Operational improvements were supported by a disciplined approach to cost management. The variable cost ratio improved to 25%, aided by a reduction in platform fee burdens and optimized marketing expenditures. As of April 2026, the company’s casual gaming portfolio exceeded 57.1 million cumulative downloads across more than 55 titles. Looking ahead, the company is focused on the resolution of its dual-listing structure, having submitted a notice of business opportunity (NBO) for a take-private transaction in late April 2026. These results reflect a successful transition toward a more diversified and efficient digital gaming enterprise.