May. 5 at 1:50 PM
Noble Capital Markets Research Report: GDEV (
$GDEV) – Improved Profitability Appears Sustainable (Corrected Copy)
Solid Q4 results. The company reported Q4 revenue of
$90.0 million and adj. EBITDA of
$15.0 million. While revenue was modestly below our estimate of
$99.0 million, adj. EBITDA was in line with our estimate of
$15.1 million. Notably, the strong adj. EBITDA figure was largely driven by more efficient use of marketing spend, which decreased approximately 25% compared to the prior year period.
Read full report here: https://www.channelchek.com/news-channel/gdev-gdev-improved-profitability-appears-sustainable-2
