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- Benzinga·
GDEV announces results for the first quarter of 2026
LIMASSOL, Cyprus, May 19, 2026 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV ), an international gaming and entertainment company ("GDEV" or the "Company") released its unaudited financial and operational results for the three-month period ended March 31, 2026. First quarter 2026 financial highlights: Revenue of $99 million increased by 2% year-over-year. Selling and marketing expenses of $37 million decreased by 13% year-over-year. Profit for the period, net of tax, of $17 million in Q1 2026 increased vs. $14 million in Q1 2025. Adjusted EBITDA 1 of $18 million in Q1 2026 increased vs. $16 million in Q1 2025. First quarter of 2026 financial performance in comparison US$ million Q1 2026 Q1 2025 Change (%) Revenue 99 97 2 % Platform commissions (20 ) (20 ) (2 ) % Game operation cost (14 ) (14 ) 1 % Selling and marketing expenses (37 ) (42 ) (13 ) % General and administrative expenses (10 ) (8 ) 23 % Profit for the period, net of tax 17 14 22 % Adjusted EBITDA 18 16 15 % Cash flows generated from operating activities 4 6 (27 ) % First quarter 2026 financial performance In the first quarter of 2026, our revenue increased by $2 million (or 2%) year-over-year and amounted to $99 million. The increase was primarily driven by an increase in in-app purchases made by players. Platform commissions remained stable at $20 million in the first quarter of 2026 vs. 2025. Game operation costs remained stable at $14 million in the first quarter of 2026 vs. 2025. Selling and marketing expenses in the first quarter of 2026 decreased by $5 million vs. the same period in 2025, amounting to $37 million. This decrease is driven by our continued focus on improving the efficiency of user acquisition activities. The decrease reflects a more selective approach to performance marketing, prioritizing channels that attract players with higher ... Full story available on Benzinga.com