DoubleDown Interactive Co. (DDI) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered strong financial results, with record revenue at SuprNation since its 2023 acquisition and continued growth in direct-to-consumer (DTC) social casino revenue.

• Revenue increased 12.7% year-over-year to $94.1 million, driven by growth in both social casino and iGaming segments.

• Profit excluding non-controlling interest rose 48.4% to $35.4 million, with diluted EPS of $14.28 per share.

• Adjusted EBITDA grew 24.0% to $38.2 million, with margin improving to 40.6%.

• Net cash flows from operating activities increased to $46.4 million, reflecting higher operating profit and lower income taxes paid.

Financial highlights

• Consolidated Q1 2026 revenue was $94.1 million, up nearly 13% year-over-year.

• Social casino/free-to-play revenue rose 9.5% to $76.9 million, boosted by the WHOW Games acquisition.

• Direct-to-Consumer revenue surged to $34.0 million, now 44.2% of total social casino revenue.

• SuprNation iGaming revenue increased 30.0% year-over-year to $17.2 million, aided by the Los Vegas brand launch.

• Profit margin improved to 37.6% from 28.6% year-over-year.

Outlook and guidance

• Focus remains on optimizing DTC revenue as a percentage of social casino revenue throughout 2026.

• Continued disciplined investment in innovation and high ROI activities to drive growth.

• M&A activity will continue as a core pillar of growth strategy.

• Management emphasized ongoing strategic initiatives to expand and diversify across products and geographies.

• Focus remains on driving high conversion of revenue to cash flow and maintaining financial flexibility for future transactions.