DoubleU Games
DoubleU Games is a mobile and online social casino game company, known for DoubleU Casino. It publishes quarterly earnings presentations for investors.
Documents
DoubleU Games 4Q 2025 Earnings Presentation
DoubleU Games achieved record financial performance in fiscal year 2025, characterized by a 13.6% year-over-year increase in annual revenue.
- DoubleU Games achieved record fiscal year 2025 performance with a 13.6% year-over-year revenue increase and a 35% annual EBITDA margin.
- Fourth-quarter 2025 revenue reached 199.8 billion KRW, representing a 28.3% increase compared to the same period in 2024.
- The casual gaming segment experienced rapid expansion, recording a 55% quarter-over-quarter revenue increase in 4Q 2025.
DoubleU Games 3Q 2025 Earnings Presentation
DoubleU Games reported strong financial performance for the third quarter of 2025, achieving consolidated revenue of 186.2 billion KRW, the highest level recorded since the second quarter of 2020.
- DoubleU Games achieved 186.2 billion KRW in consolidated revenue for 3Q 2025, marking a 20.8% year-over-year increase and the highest revenue level since 2Q 2020.
- Net income rose to 56.4 billion KRW, a 38.1% increase year-over-year, while EBITDA reached 65.3 billion KRW, representing a 35% profit margin.
- The social casino segment remains the primary revenue driver at 151.2 billion KRW, bolstered by a 9.4 percentage point increase in direct-to-consumer (DTC) revenue share.
DoubleU Games 1Q.25 Earnings Presentation
DoubleU Games’ first-quarter 2025 earnings presentation outlines the company’s financial performance and strategic expansion through its social casino and iGaming segments.
- DoubleU Games reported 1Q 2025 consolidated revenue of KRW 162.0 billion, a 0.9% year-over-year increase, with an operating income of KRW 54.8 billion and a 34% operating margin.
- M&A-related revenue now accounts for 75% of total consolidated revenue, underscoring the company's heavy reliance on its diversification strategy.
- The iGaming division showed significant growth, with SuprNation revenue rising 73% year-over-year and Paxie Games payments surging 346% due to the success of Merge Studio.
DoubleU Games 2024 Q4 Earnings Presentation
DoubleU Games achieved record-high financial performance in 2024, marking its strongest annual revenue and operating profit since the onset of the COVID-19 pandemic.
- DoubleU Games achieved record financial performance in 2024 with 633.5 billion KRW in annual revenue (8.8% YoY growth) and 248.7 billion KRW in operating profit (16.6% YoY growth).
- The company maintained a strong 39% operating profit margin while simultaneously reducing social casino marketing costs by 42% year-over-year.
- Direct-to-consumer (DTC) platform revenue grew to represent 9.8% of total revenue by Q4 2024, following targeted UI/UX and platform upgrades.
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.
- DoubleU Games achieved record-high revenue of KRW 210.6 billion in 2Q 2026, marking a 22.5% year-over-year increase and the seventh consecutive quarter of record growth.
- Casual gaming revenue grew 9.4% quarter-over-quarter, with AI-driven titles now accounting for 81% of that segment's total revenue.
- Profitability reached record levels with EBITDA of KRW 76.9 billion and operating income of KRW 70.1 billion, supported by improved marketing efficiency.
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.
- DoubleU Games reported record-breaking 1Q 2026 financial results with 205.0 billion KRW in revenue, marking a 26.6% year-over-year increase.
- Operating income and EBITDA reached record highs of 68.5 billion KRW and 75.1 billion KRW, respectively, supported by a disciplined 25% variable cost ratio.
- The company initiated a take-private transaction process by submitting a notice of business opportunity (NBO) in late April 2026 to resolve its dual-listing structure.