DoubleDown Interactive Q3 2025 Revenue Climbs 15.5% to $95.8 Million

DoubleDown Interactive has posted a strong performance for the third quarter of 2025, reporting a 15.5% rise in revenue to $95.8 million. The digital gaming operator also recorded net income of $30.8 million, up 2.6% year-over-year, fueled by player growth and expanding iGaming operations through its subsidiary SuprNation.

Good to Know

• DoubleDown’s iGaming brand SuprNation doubled its year-over-year revenue to $16.2 million.
• Whow Games, acquired in July, contributed partially to the Q3 2025 results.
• The company ended the quarter with $404 million in net cash reserves.

The social casino and free-to-play segment remained the backbone of DoubleDown’s business, generating $79.6 million in Q3 2025, up nearly 6% from the prior year. The company credited a continued focus on player acquisition and engagement for sustaining growth.

Despite heavier spending, DoubleDown managed to stay profitable. Operating expenses rose to $60.9 million, up roughly $23 million from Q3 2024. Even with that increase, adjusted EBITDA climbed to $37.5 million, marking a $1 million gain compared to the previous year.

Average daily active users stood at 555, showing steady user retention across the platform.

DoubleDown’s European-facing subsidiary SuprNation—which operates online casino brands such as VoodooDreams and NYspins—emerged as the company’s top growth driver. The division generated $16.2 million in revenue, representing an impressive 108% year-over-year increase.

The company said the boost stemmed from successful marketing initiatives and an aggressive new player acquisition strategy, which helped strengthen SuprNation’s footprint in regulated iGaming markets.

A Quarter of Expansion and Caution

While revenue and net income moved upward, operating profit slipped slightly, dropping 1% to just under $35 million. Net cash flow also fell 4% to $33.4 million, a decline the company linked to lower income tax payments and foreign currency adjustments.

CEO Keuk Kim highlighted the company’s strong cash position, saying the balance sheet gives them the ability to pursue both organic and acquisition-led growth.

He said:

“We ended Q3 2025 with $404 million in aggregate net cash position, creating considerable flexibility to grow organically and through mergers and acquisitions.”

The company’s July acquisition of Whow Games, a German developer known for its social casino titles, was partially reflected in the Q3 numbers. Analysts expect full integration by early 2026, likely adding further upside to future reports.

A Competitive Edge in Social Casino

DoubleDown continues to rank among leading global social casino developers alongside Playtika and SciPlay, maintaining strong performance despite mounting competition. Its pivot toward iGaming through SuprNation demonstrates a clear effort to balance growth between free-to-play entertainment and real-money gaming opportunities.

Industry analysts say DoubleDown’s strategic mix of acquisitions and digital marketing could keep its growth stable even as operating expenses climb.

FAQ

What was DoubleDown’s total Q3 2025 revenue?

The company reported $95.8 million in total revenue, up 15.5% from last year.

Which division saw the strongest growth?

SuprNation, DoubleDown’s iGaming subsidiary, recorded a 108% year-over-year revenue increase.

Why did operating profit fall slightly?

Higher operating expenses and foreign currency factors contributed to a 1% dip in profit.

What are DoubleDown’s expansion plans?

With over $400 million in cash, the company plans to explore mergers, acquisitions, and continued product development.

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