2Q 2026 Earnings Presentation

The second quarter 2026 earnings presentation for DoubleU Games outlines a period of sustained financial growth, marked by the company’s seventh consecutive quarter of record-high revenue. For the quarter ending June 30, 2026, the company reported revenue of KRW 210.6 billion, representing a 2.8% increase quarter-over-quarter and a 22.5% increase year-over-year. This performance was supported by record-high EBITDA of KRW 76.9 billion and operating income of KRW 70.1 billion, driven by improved marketing efficiency and a shift in the company’s revenue portfolio.

The company’s growth strategy is increasingly anchored in the casual gaming segment, which experienced a 9.4% quarter-over-quarter revenue increase. This expansion has helped diversify the business, reducing its historical reliance on the social casino segment. Within the casual portfolio, AI-driven titles have become a primary engine of growth, accounting for 81% of segment revenue. Furthermore, the casual user base continues to scale, with cumulative downloads reaching 61.5 million by July 2026.

Operational efficiency remained a focal point throughout the quarter. The platform fee ratio decreased to 16.5% as a result of a higher share of direct-to-consumer (DTC) and in-app advertising (IAA) revenue. Within the social casino segment, the DTC revenue share reached a record 47.5%, contributing to a more favorable profit structure. Despite increased user acquisition spending in the casual segment, the overall marketing cost ratio declined by 2 percentage points compared to the previous quarter. The company maintains a strong balance sheet, with total assets reaching KRW 2,070.6 billion and cash and cash equivalents totaling KRW 733.0 billion as of the end of the second quarter.