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Stock impact report

GDEV Inc (GDEV) Q3 2024 Earnings Call Highlights: Surpassing Expectations Amidst Strategic ... [Yahoo! Finance]

Nexters Inc. - Ordinary Shares (GDEV) 
Company Research Source: Yahoo! Finance
GDEV Inc ( NASDAQ:GDEV ) reported a 5% quarter-over-quarter revenue growth, surpassing analyst expectations for both revenue and adjusted EBITDA. The company is focusing on long-term product improvements to enhance player engagement and retention, which is expected to drive sustainable growth. GDEV Inc ( NASDAQ:GDEV ) has strengthened its leadership team with the appointment of Olga Lasko Tova as Chief Operating Officer, bringing valuable managerial expertise. The company has increased its marketing investments by EUR 9 million year-over-year, aligning with its strategic plan to explore new growth opportunities. GDEV Inc ( NASDAQ:GDEV ) executed a one-for-ten stock split and announced an at-the-market offering to improve stock liquidity and appeal, resulting in a 15-fold increase in average daily trading volume. Despite quarter-over-quarter growth, GDEV Inc ( NASDAQ:GDEV ) experienced a 9% year-over-year revenue decline, primarily due to a decrease in bookings. The compan Show less Read more
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