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Stock impact report

GDEV announces unaudited results for the second quarter and first half of 2024

Nexters Inc. - Ordinary Shares (GDEV) 
Company Research Source: GlobeNewswire
LIMASSOL, Cyprus, Sept. 04, 2024 (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 second quarter and first half-year ended June 30, 2024. GDEV CEO, Andrey Fadeev stated: "Over the past months, we've been refining our strategic vision, and now we’re prepared to push forward with renewed confidence. Despite the temporary decline in some of our key operational and financial metrics, our ability to maintain a robust revenue mix between PC and mobile platforms — where PC has grown to 42% of our total bookings — underscores our adaptive strategy and resilience. Additionally, our strong cash flow trends, the significant reduction in platform commissions and the reduction of the game operation costs reflect the operational efficiencies we’ve been able to achieve, reflected in our recording a net profit in Q2 2024 versus a net loss in Q1 2024 and an Show less Read more
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