GDEV Inc. reported Q1 2026 revenue of $99 million, a 2% year-over-year increase, with net profit rising to $17 million from $14 million in 2025.
02
The company successfully pivoted toward higher-value players, as evidenced by an 8% increase in Average Bookings Per Paying User (ABPPU) to $97, despite a 5% decline in Monthly Paying Users (MPU) to 269,000.
03
Operational efficiency improved through a 13% reduction in selling and marketing expenses, reflecting a more selective approach to performance marketing.
04
Mobile platform dominance grew, with mobile bookings accounting for 64% of total revenue compared to 59% in the prior year.
05
Geographic performance was mixed, as growth in Europe and other regions offset declines in bookings from the United States and Asia.
06
Adjusted EBITDA grew to $18 million from $16 million, though cash flows from operating activities decreased from $6 million to $4 million.
Insights
01
GDEV Inc. reported Q1 2026 revenue of $99 million, a 2% year-over-year increase, with net profit rising to $17 million from $14 million in 2025.
02
The company successfully pivoted toward higher-value players, as evidenced by an 8% increase in Average Bookings Per Paying User (ABPPU) to $97, despite a 5% decline in Monthly Paying Users (MPU) to 269,000.
03
Operational efficiency improved through a 13% reduction in selling and marketing expenses, reflecting a more selective approach to performance marketing.
04
Mobile platform dominance grew, with mobile bookings accounting for 64% of total revenue compared to 59% in the prior year.
05
Geographic performance was mixed, as growth in Europe and other regions offset declines in bookings from the United States and Asia.
06
Adjusted EBITDA grew to $18 million from $16 million, though cash flows from operating activities decreased from $6 million to $4 million.