DoubleDown Interactive Co Ltd（DDI）资讯与事件DDIDoubleDown Interactive Co Ltd

DoubleDown Reports Q2 Revenue of $94.3M, Beating Expectations

Reports Q2 revenue $94.3M, consensus $93.14M. "Our double-digit year-over-year revenue and adjusted EBITDA growth in the second quarter reflect our team's continued focus on operational excellence," said In Keuk Kim, CEO of DoubleDown. "These strong quarterly results highlight ongoing growth in our Direct-to-Consumer segment, which now accounts for over 50% of total social casino revenue. Performance was driven by contributions from WHOW Games, solid growth in our core social casino business that we believe outpaced the broader market, and continued year-over-year momentum from SuprNation, our iGaming business, following the successful launch of our 'Los Vegas' brand."

Four Tree Island Advisory Calls to Reject DoubleU Games Acquisition Proposal

Four Tree Island Advisory, a top-10 shareholder of DoubleDown Interactive Co. based on public information, called on the special committee of DDI's board of directors to reject DoubleU Games' proposal to acquire the remaining publicly held ADSs for $11.25 per ADS, stating "we believe the proposed transaction materially undervalues DDI and fails to reflect both the Company's current operating performance and its forward earnings power."

DoubleDown Receives $11.25 Per ADS Acquisition Proposal from DoubleU Games

DoubleDown confirmed receipt of a non-binding expression of interest from DoubleU Games, the company's controlling shareholder holding approximately 67.1% of the company's outstanding common shares, to acquire all of the outstanding common shares of the company, other than common shares and/or ADSs held by DUG, for $11.25 per ADS in cash. In response to the proposal, the board of directors of DoubleDown formed a special committee composed solely of independent and disinterested directors to review, evaluate and negotiate the proposal and to determine the next steps that would be in the best interests of the company and its unaffiliated shareholders. The special committee is expected to retain independent legal and financial advisors to assist it in its review of and deliberations regarding the proposal.