GDEV Results for the First Quarter of 2026

GDEV Inc. reported its financial and operational results for the first quarter of 2026, demonstrating growth in profitability and revenue despite a shift in user engagement metrics. The company generated $99 million in revenue, a 2% year-over-year increase, primarily driven by higher in-app purchases. Net profit rose to $17 million from $14 million in the same period of 2025, while Adjusted EBITDA grew to $18 million from $16 million.

Operational data reveals a strategic pivot in user acquisition and platform focus. While the Monthly Paying Users (MPU) count declined by 5% to 269,000, the Average Bookings Per Paying User (ABPPU) increased by 8% to $97, indicating a successful shift toward higher-value players. This transition was supported by a 13% reduction in selling and marketing expenses, reflecting a more selective approach to performance marketing. Geographically, the company saw a decline in bookings from the United States and Asia, which was offset by growth in Europe and other regions. Additionally, the mobile platform’s share of total bookings expanded to 64%, up from 59% in the prior year.

The company maintains a stable cost structure, with platform commissions and game operation costs remaining consistent with 2025 levels. Although cash flows from operating activities decreased from $6 million to $4 million, the overall financial performance reflects a focus on long-term value and operational efficiency. These results underscore the company's ongoing efforts to optimize its franchise portfolio across global markets while managing administrative expenses, which rose slightly due to increased legal costs.