DoubleDown Interactive Co. (DDI) Q2 2026 earnings summary

Executive summary

• Q2 2026 consolidated revenue reached $94.3 million, up 11.2% year-over-year, driven by growth in social casino and iGaming segments, with significant contributions from the WHOW Games acquisition.

• Adjusted EBITDA grew 17.2% to $39.3 million, with margin expanding to 41.6%.

• Direct-to-Consumer revenue surged to $40.5 million, now representing over half of total social casino revenue.

• Earnings per fully diluted common share rose 50.5% to $13.27, reflecting higher revenue, improved margins, and favorable foreign currency movements.

• Net cash flows from operating activities increased to $24.6 million for the quarter, supporting a strong net cash position of $521 million.

Financial highlights

• Q2 2026 revenue: $94.3 million (up from $84.8 million in Q2 2025).

• Adjusted EBITDA: $39.3 million (up from $33.5 million), margin at 41.6%.

• Profit for the interim period: $32.9 million (up from $21.8 million), with EPS at $13.27 (up from $8.82).

• Net cash from operations: $24.6 million (up from $19.7 million).

• Cash, cash equivalents, and short-term investments totaled $553.8 million at quarter end.

Outlook and guidance

• Management expects to build on strong H1 2026 results, leveraging a robust balance sheet for strategic growth and shareholder value initiatives.

• Expect continued focus on DTC integration and incremental growth, aiming to sustain market leadership.

• Marketing spend anticipated to remain at current run rate for the rest of the year, balancing investments between iGaming and social casino.

• M&A remains a strategic priority to enhance long-term shareholder value.

• Continued focus on operational excellence and high conversion of revenue to cash flow.