GDEV Q2 Revenue Misses by 18% as Paying Users Drop 23%
GDEV is trading near its 52-week low of $10 (12% above the low) on light trading volume (0.2× avg).
Summary
GDEV's Q2 revenue fell 22% to $94 million, missing the single-analyst consensus of $115 million. The decline was driven by a 23% drop in monthly paying users, though net profit rose 20% to $20 million as selling and marketing expenses were cut 38%. Adjusted EBITDA slipped to $20 million from $22 million a year earlier. The company gave no guidance. This follows the 6-K filed earlier today with the same figures; the market is now reacting to the revenue miss and user decline. GDEV also announced results for the first half of 2026.
At the time of this announcement, GDEV was trading at $11.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $203.3M. The 52-week trading range was $10.00 to $42.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.