Gdev Inc. · NASDAQ:GDEV

Gdev — Q1 2025 Earnings Presentation

11 slides from Gdev's earnings presentation, May 2025

  1. Slide 1: Financial Results

    Q3 2024 FINANCIAL RESULTS November 14, 2024 © GDEV 2025

  2. Slide 2: Disclaimer

    Disclaimer Forward-looking statements Presentation of Non-IFRS Financial Measures Certain statements in this presentation may constitute “forward-looking statements” In addition to the results provided in accordance with IFRS throughout this for purposes of U.S. federal securities laws. Such stateme

  3. Slide 3: Key operating metrics and financial measure used in the presentation

    Key operating metrics and financial measure used in the presentation Operating metrics Non-IFRS measure • Monthly Paying Users (MPUs) are the number of individuals who made a purchase Adjusted EBITDA. The Company defines Adjusted EBITDA as the profit/loss for the period, of a virtual item at least o

  4. Slide 4: Financial highlights

    Financial highlights Revenue, $MLN Total costs and expenses, excl. D&A, $MLN Other -10% -8% -9% -11% -9% 105 89 94 89 82 Platform commissions Selling and 18% marketing 20% 22% 24% expenses 22% 24% 26% 25% 107 106 111 24% 98 97 25% 60% 53% 55% 53% 51% 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25

  5. Slide 5: Operating highlights

    Operating highlights Bookings, $MLN Monthly paying users, ‘000 Average bookings per paying user, $ 4% -3% -8% -11% -25% 0% -3% -16% -19% -26% 4% 2% 10% -10% 2% 109 108 381 381 102 94 88 88 92 90 93 314 81 292 284 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 Source : Com

  6. Slide 6: Diversification

    Diversification By games By platforms By geography 3% 3% Pixel Gun 3D PC Other 7% 5% Island Hoppers Mobile 14% 15% Asia Hero Wars: Dominion Era Europe Hero Wars: Alliance 39% 41% US 40% 23% 20% 39% 29% 31% 61% 59% 51% 52% 34% 34% 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Source : Company Information (unaudited)

  7. Slide 7: Appendix

    APPENDIX Q1 2025 Financial Results 7

  8. Slide 8: Consolidated statement of comprehensive income

    Consolidated statement of comprehensive income Source : Company Information (unaudited) Q1 2025 Financial Results 8

  9. Slide 9: Consolidated statement of financial position

    Consolidated statement of financial position Source : Company Information (unaudited) Q1 2025 Financial Results 9

  10. Slide 10: Consolidated cash flow statement

    Consolidated cash flow statement Source : Company Information (unaudited) Q1 2025 Financial Results 10

  11. Slide 11: Reconciliation of the profit/loss for the period to the Adjusted EBITDA

    Reconciliation of the profit/loss for the period to the Adjusted EBITDA US$ million Q1 2025 Q1 2024 Profit for the period, net of tax 14 (5) Adjust for: Income tax expense 1 0.9 (1) Adjusted finance (income)/expenses (1) (0.1) Share of loss of equity-accounted associates - 2 Change in fair value of

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