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9.33271115260123E-05 0.000233317778814865 0.00139057396173596 0.00186654223051809 0.00373308446103602 0.00181987867475509 -0.00303313112459159 -0.00279981334577689
Stock impact report

Double Down Interactive (DDI): A Bull Case Theory [Yahoo! Finance]

International Game Technology Ordinary Shares (IGT) 
Last international game technology ordinary shares earnings: 3/3 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
In this article we will summarize the bulls' thesis on DDI. Double Down Interactive share was trading at $14.05 as of Sept 6. A closeup shot of slot machines and a player nervously waiting for the spin to stop. Double Down Interactive (DDI), a U.S. mobile gaming company acquired by a British firm and later sold to a South Korean mobile gaming company, went public in New York in 2021 at the height of the COVID-19-driven market bubble. Unlike traditional games, DDI focuses on slot machine-style apps, tapping into the growing popularity of gambling on smartphones. Despite the ethical concerns about the addictive nature of these games, DDI has maintained a sticky customer base, with average users spending over $200 per month. The company's conversion rate — from players who download the game to those who make in-app purchases — has increased from 5.2% in 2019 to 6% in 2023. The company's business model is heavily reliant on both organic growth through marketing, and inorganic growth Show less Read more
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