UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM 6-K
__________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2024
Commission File Number 001-39349
__________________________
DoubleDown Interactive Co., Ltd.
(Translation of registrant’s name into English)
__________________________
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5th Avenue, Suite 300
Seattle, WA 98104
+1-206-408-4545
(Address of principal executive offices)
__________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
x Form 20-F o Form40-F


INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Issuance of Press Release; Financial Statements
On November 11, 2024, DoubleDown Interactive Co., Ltd. (the “Company”) issued a press release announcing its unaudited financial results for the third quarter ended September 30, 2024, together with its unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2024.
This report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-267422), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
Exhibit
No.		Description
 99.1
 99.2
101.SCHXBRL Taxonomy Extension Schema Document
101.CALXBRL Taxonomy Extension Calculation Linkbase Document
101.DEFXBRL Taxonomy Extension Definition Linkbase Document
101.LABXBRL Taxonomy Extension Label Linkbase Document
101.PREXBRL Taxonomy Extension Presentation Linkbase Document
104Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DOUBLEDOWN INTERACTIVE CO., LTD.
Date: November 12, 2024
By:/s/ Joseph A. Sigrist
Name: Joseph A. Sigrist
Title: Chief Financial Officer


Exhibit 99.1
g790371page4aa.jpg
DoubleDown Interactive Reports Third Quarter 2024 Financial Results
SEOUL, KOREA – November 11, 2024 — DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital games on mobile and web-based platforms, today announced unaudited financial results for the third quarter ended September 30, 2024.
Third Quarter 2024 vs. Third Quarter 2023 Summary:
•Revenue increased to $83.0 million in the third quarter of 2024 from $73.0 million in the third quarter of 2023. SuprNation, a European iGaming operator (“SuprNation”) which was acquired by the Company on October 31, 2023, generated revenue of $7.8 million in the third quarter of 2024. Revenue exclusive of the contributions from SuprNation increased 3% to $75.2 million.
•Operating expenses increased to $47.7 million in the third quarter of 2024 from $43.3 million in the third quarter of 2023, primarily due to the third quarter 2024 inclusion of operating expenses related to SuprNation, partially offset by lower sales and marketing and research and development expenses.
•Net income was $25.1 million, or earnings per fully diluted common share of $10.11 ($0.51 per American Depositary Share (“ADS”)), in the third quarter of 2024, as compared to net income of $26.9 million, or earnings per fully diluted common share of $10.87 ($0.54 per ADS), in the third quarter of 2023. The decrease was primarily due to loss on foreign currency translation and higher general and administrative expense which included new expenses for SuprNation, partially offset by higher revenue and lower overall sales and marketing and research and development expenses. Each ADS represents 0.05 share of a common share.
•Adjusted EBITDA increased to $36.1 million for the third quarter of 2024 from $29.7 million in the third quarter of 2023. Adjusted EBITDA margin increased to 43.5% in the third quarter of 2024 from 40.7% in the third quarter of 2023.
•Average Revenue Per Daily Active User (“ARPDAU”) for the Company’s social casino/free-to-play games increased to $1.30 in the third quarter of 2024 from $1.06 in the third quarter of 2023 and slightly decreased from $1.33 in the second quarter of 2024.
•Average monthly revenue per payer for the social casino/free-to-play games increased to $281 in the third quarter of 2024 from $245 in the third quarter of 2023 and slightly decreased from $288 in the second quarter of 2024.

“The third quarter marked another period of strong performance with consolidated revenue rising 14% to $83 million and Adjusted EBITDA increasing 22% to $36.1 million,” said In Keuk Kim, Chief Executive Officer of DoubleDown. “Our third quarter growth includes a 3% year-over-year increase in social casino revenue to $75.2 million, the fourth consecutive quarter of year-over-year growth. The consistent top-line and cash generating performance of our core social casino business highlights our best-in-class ability to monetize our loyal players while maintaining strict discipline with our user acquisition and R&D spend which drives strong profitability and free cash flow. This core operating focus, which we also apply to our SuprNation iGaming business, has resulted in trailing twelve months cash flows from operations of approximately $101 million, including $31.8 million generated in the 2024 third quarter, our third consecutive quarter of more than $30 million.





“Our SuprNation iGaming operations continue to generate higher quarterly revenue compared to the estimated level the business was achieving prior to our acquisition in October 2023. As we gain more experience with operating our first real money casino site, our focus for the business continues to emphasize go-to-market initiatives, including marketing and player-engagement strategies, that are consistent with our commitment to drive profitable revenue growth and positive cash flow contributions.

“Our disciplined approach to user acquisition and R&D spend delivers exceptional quarterly Adjusted EBITDA margins and free cash flow which continues to further solidify our strong balance sheet and financial position. We ended the third quarter with an aggregate net cash position of approximately $335 million, or approximately $6.76 per ADS. With our strong net cash position and consistent strong free cash flow generation we have significant financial flexibility to evaluate organic and M&A focused growth opportunities that can create new value for our shareholders.”
Summary Operating Results for DoubleDown Interactive (Unaudited)
Three months ended September 30,Nine months ended September 30,
2024202320242023
Revenue ($ MM)$83.0 $73.0 $259.4 $225.8 
Total operating expenses47.7 43.3 156.9 143.2 
Net income ($ MM)$25.1 $26.9 $88.8 $75.0 
Adjusted EBITDA ($ MM)$36.1 $29.7 $105.0 $82.8 
Net income margin30.3 %36.9 %34.2 %33.2 %
Adjusted EBITDA margin43.5 %40.7 %40.5 %36.7 %
Non-financial performance metrics(1)
Average MAUs (000s)1,312 1,675 1,393 1,837 
Average DAUs (000s)632 749 665 794 
ARPDAU$1.30 $1.06 $1.30 $1.05 
Average monthly revenue per payer$281 $245 $283 $234 
Payer conversion6.8 %5.9 %6.6 %5.9 %
(1)Social casino/free-to-play games only.
Third Quarter 2024 Financial Results
Revenue in the third quarter of 2024, inclusive of the contributions from SuprNation, was $83.0 million, an increase of 14% from $73.0 million in the third quarter of 2023. Revenue exclusive of the contributions from SuprNation increased 3% year over year to $75.2 million, primarily reflecting higher engagement and monetization of the existing player base.
Operating expenses in the third quarter of 2024 increased 10% year over year to $47.7 million. The increase is primarily due to the inclusion of SuprNation expenses in the third quarter of 2024, which were not incurred in the third quarter of 2023 given that SuprNation was acquired in October 2023.
Net income was $25.1 million in the third quarter of 2024, or $10.11 per fully diluted common share ($0.51 per ADS), as compared to net income of $26.9 million, or $10.87 per fully diluted common share ($0.54 per ADS), in the third quarter of 2023. The decrease in net income was primarily due to loss on foreign currency translation and higher general and administrative expenses which included the new expenses for SuprNation, partially offset by increased revenue and lower sales and marketing and research and development expenditures. Each ADS represents 0.05 share of a common share.
Adjusted EBITDA in the third quarter of 2024 increased 22%, or $6.4 million, to $36.1 million, compared to $29.7 million in the third quarter of 2023. Consistent with the increase in net income, the improvement in Adjusted EBITDA primarily reflects higher revenue and lower sales and marketing and research and development expenses, partially offset by higher general and administrative expenses which included the new expenses for SuprNation.
Net cash flows provided by operating activities for the third quarter of 2024 increased to $31.8 million from $28.7 million in the third quarter of 2023. The increase is primarily due to higher operating income.


Conference Call
DoubleDown will hold a conference call today (November 11, 2024) at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss these results. A question-and-answer session will follow management’s presentation.
To access the call, please use the following link: DoubleDown Third Quarter 2024 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, please register a minimum of 15 minutes before the start of the call.
A simultaneous webcast of the conference call will be available with the following link: DoubleDown Third Quarter 2024 Earnings Webcast, or via the Investor Relations page of the DoubleDown website at ir.doubledowninteractive.com. For those not planning to ask a question on the conference call, the Company recommends listening via the webcast. A replay will be available on the Company’s Investor Relations website shortly after the event.
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. The Company’s flagship social casino title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. Following its acquisition of SuprNation in October 2023, the Company also operates three real-money iGaming sites in Western Europe.
Safe Harbor Statement
Certain statements contained in this press release are “forward-looking statements” about future events and expectations for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions, and expectations of industry trends, our future financial and operating performance, and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Therefore, you should not place undue reliance on such statements. Words such as “anticipates,” believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” potential,” “near-term,” long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will,” and similar expressions are intended to identify such forward-looking statements. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Use and Reconciliation of Non-GAAP Financial Measures
In addition to our results determined in accordance with the accounting principles generally accepted in the United States of America (“GAAP”), we believe the following non-GAAP financial measure is useful in evaluating our operating performance. We present “adjusted earnings before interest, taxes, depreciation and amortization” (“Adjusted EBITDA”) because we believe it assists investors and analysts by facilitating comparison of period-to-period operational performance on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. The items excluded from the Adjusted EBITDA may have a material impact on our financial results. Certain of those items are non-recurring, while others are non-cash in nature. Accordingly, the Adjusted EBITDA is presented as supplemental disclosure and should not be considered in isolation of, as a substitute for, or superior to, the financial information prepared in accordance with GAAP, and should be read in conjunction with the financial statements furnished in our report on Form 6-K filed with the SEC.
In our reconciliation from our reported GAAP “net income before provision for taxes” to our Adjusted EBITDA, we eliminate the impact of the following six line items: (i) depreciation and amortization; (ii) interest income; (iii) interest


expense; (iv) foreign currency transaction/remeasurement (gain) loss; (v) short-term investments (gain) loss; and (vi) other (income) expense, net. The below table sets forth the full reconciliation of our non-GAAP measures:
Reconciliation of non-GAAP measuresThree months ended September 30,Nine months ended September 30,
(in millions, except percentages)2024202320242023
Net income (loss)$25.1 $26.9 $88.8 $75.0 
Income tax expense (benefit)8.8 7.8 26.2 22.1 
Income (loss) before tax33.9 34.7 114.9 97.1 
Adjustments for:
Depreciation and amortization0.8 0.1 2.5 0.2 
Interest income(4.0)(3.1)(11.3)(10.5)
Interest expense0.5 0.4 1.3 1.3 
Foreign currency transaction/remeasurement (gain) loss4.9 (2.3)(2.3)(5.4)
Short-term investments (gain) loss— — — 0.1 
Other (income) expense, net— (0.1)(0.2)— 
Adjusted EBITDA$36.1 $29.7 $105.0 $82.8 
Adjusted EBITDA margin43.5 %40.7 %40.5 %36.7 %
We encourage investors and others to review our financial information in its entirety and not to rely on any single financial measure.
Company Contact:
Joe Sigrist
ir@doubledown.com
+1 (206) 773-2266
Chief Financial Officer
https://www.doubledowninteractive.com
Investor Relations Contact:
Joseph Jaffoni or Richard Land
JCIR
+1 (212) 835-8500
DDI@jcir.com


DoubleDown Interactive Co., Ltd.
Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars, except share and per share amounts)
September 30,December 31,
20242023
(unaudited)
Assets
Current assets:
Cash and cash equivalents$292,651 $206,911 
Short-term investments80,000 67,756 
Accounts receivable, net33,376 32,517 
Prepaid expenses, and other assets9,895 8,570 
Total current assets$415,922 $315,754 
Property and equipment, net583 444 
Operating lease right-of-use assets, net4,450 7,130 
Intangible assets, net49,377 51,571 
Goodwill396,887 396,704 
Deferred tax asset10,936 28,934 
Other non-current assets1,694 2,807 
Total assets$879,849 $803,344 
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses(1)
$13,203 $13,293 
Short-term operating lease liabilities(2)
917 3,157 
Income taxes payable240 112 
Contract liabilities1,482 2,520 
Current portion of borrowings with related party(3)
— 38,778 
Other current liabilities(4)
3,728 10,645 
Total current liabilities$19,570 $68,505 
Long-term borrowings with related party(5)
37,890 — 
Long-term operating lease liabilities(6)
3,753 4,420 
Deferred tax liabilities, net360 848 
Other non-current liabilities(7)
2,668 1,681 
Total liabilities$64,241 $75,454 
Shareholders’ equity
Common stock, KRW 10,000 par value—200,000,000 Shares authorized; 2,477,672 issued and outstanding21,198 21,198 
Additional paid-in-capital359,280 359,280 
Accumulated other comprehensive income19,253 19,982 
Retained earnings415,800 327,273 
Total shareholders’ equity attributable to shareholders of DoubleDown Interactive Co. Ltd.$815,531 $727,733 
Equity attributable to noncontrolling interests77 157 
Total equity$815,608 $727,890 
Total liabilities and shareholders’ equity$879,849 $803,344 
(1)Includes related party royalty and other payables of $1,503 and $1,618 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(2)Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(3)Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(4)Includes related party interest payable of $0 and $9,501 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(5)Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(6)Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).
(7)Includes related party interest payable of $605 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12 to the unaudited consolidated financial statements of the Company for the nine months ended September 30, 2024).


DoubleDown Interactive Co., Ltd.
Condensed Consolidated Statement of Income and Comprehensive Income
(Unaudited, in thousands except share and per share amounts)
Three months ended September 30,Nine months ended September 30,
2024202320242023
Revenue$82,981 $72,983 $259,360 $225,766 
Operating expenses:
Cost of revenue(1)(2)
24,760 23,658 78,953 74,282 
Sales and marketing(1)
8,864 10,585 34,731 39,733 
Research and development(1)
2,537 4,361 8,984 14,473 
General and administrative(1)(3)
10,747 4,644 31,725 14,526 
Depreciation and amortization834 55 2,480 158 
Total operating expenses47,742 43,303 156,873 143,172 
Operating income$35,239 $29,680 $102,487 $82,594 
Other income (expense):
Interest expense(4)
(457)(443)(1,292)(1,341)
Interest income4,045 3,132 11,305 10,511 
Gain (loss) on foreign currency transactions(341)1,177 3,772 3,907 
Gain (loss) on foreign currency remeasurement(4,582)1,096 (1,520)1,484 
Gain (loss) on short-term investments(7)(7)(20)(76)
Other, net40 91 198 (4)
Total other income (expense), net$(1,302)$5,046 $12,443 $14,481 
Income before income tax$33,937 $34,726 $114,930 $97,075 
Income tax (expense)(8,794)(7,796)(26,161)(22,116)
Net income$25,143 $26,930 $88,769 $74,959 
Less: Net income attributable to noncontrolling interests101 — 242 — 
Net income attributable to DoubleDown Interactive Co., Ltd.$25,042 $26,930 $88,527 $74,959 
Other comprehensive income (expense):
Pension adjustments, net of tax102 (48)208 (156)
Gain (loss) on foreign currency translation4,165 (1,821)(1,000)(3,168)
Other comprehensive income (expense)$4,267 $(1,870)$(792)$(3,325)
Comprehensive income$29,410 $25,061 $87,977 $71,635 
Less: Comprehensive income attributable to noncontrolling interests101 — 179 — 
Comprehensive income attributable to DoubleDown Interactive Co., Ltd.$29,309 $25,061 $87,798 $71,635 
Earnings per share:
Basic$10.11 $10.87 $35.73 $30.25 
Diluted$10.11 $10.87 $35.73 $30.25 
Weighted average shares outstanding:
Basic2,477,6722,477,6722,477,6722,477,672
Diluted2,477,6722,477,6722,477,6722,477,672
(1)Excluding depreciation and amortization.
(2)Includes related party royalty expense of $564 and $513 for the three months ended September 30, 2024 and 2023, respectively, and $1,805 and $1,963 for the nine months ended September 30, 2024 and 2023, respectively (See Note
12 to the unaudited consolidated financial statements of the Company for the three and nine months ended September 30, 2024).
(3)Includes related party rent and general and administrative expense of $1,616 and $349 for the three months ended September 30, 2024 and 2023, respectively, and $4,593 and $1,108 for the nine months ended September 30, 2024 and 2023, respectively (See Note 12 to the unaudited consolidated financial statements of the Company for the three and nine months ended September 30, 2024).
(4)Includes related party interest expense of $425 and $442 for the three months ended September 30, 2024 and 2023, respectively, and $1,268 and $1,323 for the nine months ended September 30, 2024 and 2023 (See Note 12 to the unaudited consolidated financial statements of the Company for the three and nine months ended September 30, 2024).


DoubleDown Interactive Co., Ltd.
Condensed Consolidated Statement of Cash Flows
(Unaudited, in thousands of U.S. dollars)
Nine months ended September 30,
20242023
Cash flow from (used in) operating activities:
Net income $88,769 $74,959 
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization2,480 158 
(Gain)/Loss on foreign currency remeasurement1,520 (1,484)
Loss on short-term investments20 76 
Deferred taxes17,200 21,110 
Working capital adjustments:
Accounts receivable(948)(6,847)
Prepaid expenses, other current and non-current assets520 1,090 
Accounts payable, accrued expenses and other payables(588)(3,381)
Contract liabilities(1,039)(382)
Income tax payable(1,713)15 
Loss contingency— (95,250)
Other current and non-current liabilities(5,093)1,055 
Net cash flows from (used in) operating activities$101,128 $(8,881)
Cash flow from (used in) investing activities:
Purchases of intangible assets(5)— 
Purchases of property and equipment(291)(173)
Issuance of note receivable— (1,086)
Proceeds from disposal of property and equipment
2 — 
Purchases of short-term investments(81,659)(47,465)
Sales of short-term investments66,795 75,633 
Net cash flows from (used in) investing activities$(15,158)$26,909 
Cash flow from (used in) financing activities:
Dividends distributed to noncontrolling interests(320)— 
Net cash flows from (used in) financing activities:$(320)$— 
Net foreign exchange difference on cash and cash equivalents90 (1,444)
Net increase in cash and cash equivalents$85,740 $16,584 
Cash and cash equivalents at beginning of period$206,911 $217,352 
Cash and cash equivalents at end of period$292,651 $233,936 
Cash paid during year for:
Interest$9,977 — 
Income taxes$10,211 $20 

FALSE0001799567--12-312024-09-302024Q3iso4217:USDiso4217:USDxbrli:sharesxbrli:sharesiso4217:KRWxbrli:sharesxbrli:pureiso4217:EURddi:segmentiso4217:KRWutr:sqftddi:titlesddi:period00017995672024-07-012024-09-3000017995672023-07-012023-09-3000017995672024-01-012024-09-3000017995672023-01-012023-09-300001799567us-gaap:CostOfSalesMemberus-gaap:RelatedPartyMember2024-07-012024-09-300001799567us-gaap:CostOfSalesMemberus-gaap:RelatedPartyMember2023-07-012023-09-300001799567us-gaap:CostOfSalesMemberus-gaap:RelatedPartyMember2024-01-012024-09-300001799567us-gaap:CostOfSalesMemberus-gaap:RelatedPartyMember2023-01-012023-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RelatedPartyMember2024-07-012024-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RelatedPartyMember2023-07-012023-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RelatedPartyMember2024-01-012024-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RelatedPartyMember2023-01-012023-09-300001799567us-gaap:RelatedPartyMember2024-07-012024-09-300001799567us-gaap:RelatedPartyMember2023-07-012023-09-300001799567us-gaap:RelatedPartyMember2024-01-012024-09-300001799567us-gaap:RelatedPartyMember2023-01-012023-09-3000017995672024-09-3000017995672023-12-310001799567us-gaap:RelatedPartyMember2024-09-300001799567us-gaap:RelatedPartyMember2023-12-310001799567us-gaap:OtherCurrentLiabilitiesMemberus-gaap:RelatedPartyMember2024-09-300001799567us-gaap:OtherCurrentLiabilitiesMemberus-gaap:RelatedPartyMember2023-12-310001799567us-gaap:CommonStockMember2024-06-300001799567us-gaap:AdditionalPaidInCapitalMember2024-06-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001799567us-gaap:RetainedEarningsMember2024-06-300001799567us-gaap:NoncontrollingInterestMember2024-06-3000017995672024-06-300001799567us-gaap:RetainedEarningsMember2024-07-012024-09-300001799567us-gaap:NoncontrollingInterestMember2024-07-012024-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300001799567us-gaap:CommonStockMember2024-09-300001799567us-gaap:AdditionalPaidInCapitalMember2024-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-300001799567us-gaap:RetainedEarningsMember2024-09-300001799567us-gaap:NoncontrollingInterestMember2024-09-300001799567us-gaap:CommonStockMember2023-06-300001799567us-gaap:AdditionalPaidInCapitalMember2023-06-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001799567us-gaap:RetainedEarningsMember2023-06-3000017995672023-06-300001799567us-gaap:RetainedEarningsMember2023-07-012023-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300001799567us-gaap:CommonStockMember2023-09-300001799567us-gaap:AdditionalPaidInCapitalMember2023-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300001799567us-gaap:RetainedEarningsMember2023-09-300001799567us-gaap:NoncontrollingInterestMember2023-09-3000017995672023-09-300001799567us-gaap:CommonStockMember2023-12-310001799567us-gaap:AdditionalPaidInCapitalMember2023-12-310001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001799567us-gaap:RetainedEarningsMember2023-12-310001799567us-gaap:NoncontrollingInterestMember2023-12-310001799567us-gaap:RetainedEarningsMember2024-01-012024-09-300001799567us-gaap:NoncontrollingInterestMember2024-01-012024-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-09-300001799567us-gaap:CommonStockMember2022-12-310001799567us-gaap:AdditionalPaidInCapitalMember2022-12-310001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001799567us-gaap:RetainedEarningsMember2022-12-310001799567us-gaap:NoncontrollingInterestMember2022-12-3100017995672022-12-310001799567us-gaap:RetainedEarningsMember2023-01-012023-09-300001799567us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300001799567ddi:DoubleuGamesCoLtdMemberddi:EquityInvesteeMember2024-09-300001799567ddi:NonDoubleUGamesCoLtdMember2024-09-300001799567ddi:SticSpecialSituationPrivateEquityFundMember2024-09-300001799567ddi:ParticipantsInIPOMember2024-09-300001799567ddi:InternationalGamingTechnologiesMember2017-01-012017-12-310001799567ddi:SuprNationMember2023-10-312023-10-310001799567ddi:SuprNationMember2023-10-272023-10-2700017995672023-10-270001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-07-012024-09-300001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-07-012023-09-300001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-01-012024-09-300001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-01-012023-09-300001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-07-012024-09-300001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-07-012023-09-300001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-01-012024-09-300001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-01-012023-09-300001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-07-012024-09-300001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-07-012023-09-300001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-01-012024-09-300001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-01-012023-09-300001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-07-012024-09-300001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-07-012023-09-300001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-01-012024-09-300001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2023-01-012023-09-300001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2024-01-012024-09-300001799567ddi:AppleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2023-01-012023-12-310001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2024-01-012024-09-300001799567ddi:XsollaMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2023-01-012023-12-310001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2024-01-012024-09-300001799567ddi:GoogleMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2023-01-012023-12-310001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2024-01-012024-09-300001799567ddi:FacebookMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:AccountsReceivableMember2023-01-012023-12-310001799567ddi:MobileMember2024-07-012024-09-300001799567ddi:MobileMember2023-07-012023-09-300001799567ddi:MobileMember2024-01-012024-09-300001799567ddi:MobileMember2023-01-012023-09-300001799567ddi:WebMember2024-07-012024-09-300001799567ddi:WebMember2023-07-012023-09-300001799567ddi:WebMember2024-01-012024-09-300001799567ddi:WebMember2023-01-012023-09-300001799567country:US2024-07-012024-09-300001799567country:US2023-07-012023-09-300001799567country:US2024-01-012024-09-300001799567country:US2023-01-012023-09-300001799567country:CA2024-07-012024-09-300001799567country:CA2023-07-012023-09-300001799567country:CA2024-01-012024-09-300001799567country:CA2023-01-012023-09-300001799567country:GB2024-07-012024-09-300001799567country:GB2023-07-012023-09-300001799567country:GB2024-01-012024-09-300001799567country:GB2023-01-012023-09-300001799567ddi:InternationalOtherMember2024-07-012024-09-300001799567ddi:InternationalOtherMember2023-07-012023-09-300001799567ddi:InternationalOtherMember2024-01-012024-09-300001799567ddi:InternationalOtherMember2023-01-012023-09-300001799567ddi:PrepaidExpensesAndOtherAssetsMember2024-09-300001799567ddi:PrepaidExpensesAndOtherAssetsMember2023-12-3100017995672022-01-012022-12-310001799567us-gaap:TrademarksMember2024-09-300001799567us-gaap:TrademarksMember2023-12-310001799567us-gaap:CustomerRelationshipsMember2024-09-300001799567us-gaap:CustomerRelationshipsMember2023-12-310001799567ddi:PurchasedTechnologyMembersrt:MinimumMember2024-09-300001799567ddi:PurchasedTechnologyMembersrt:MaximumMember2024-09-300001799567ddi:PurchasedTechnologyMember2024-09-300001799567ddi:PurchasedTechnologyMember2023-12-310001799567ddi:DevelopmentCostsMember2024-09-300001799567ddi:DevelopmentCostsMember2023-12-310001799567ddi:SoftwareMembersrt:MinimumMember2024-09-300001799567ddi:SoftwareMembersrt:MaximumMember2024-09-300001799567ddi:SoftwareMember2024-09-300001799567ddi:SoftwareMember2023-12-310001799567ddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2024-09-300001799567ddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2023-12-310001799567us-gaap:RelatedPartyMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2024-09-300001799567ddi:SticMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Memberus-gaap:RelatedPartyMember2024-09-300001799567us-gaap:RelatedPartyMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2020-06-012020-06-300001799567us-gaap:RelatedPartyMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2020-09-012020-09-300001799567us-gaap:RelatedPartyMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2024Member2024-05-012024-05-310001799567ddi:MoneyMarketFundsAndKoreanMarketGovernmentBondsMember2024-09-300001799567us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Member2024-09-300001799567ddi:MoneyMarketFundsAndKoreanMarketGovernmentBondsMember2023-12-310001799567us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel2Member2023-12-310001799567us-gaap:FairValueInputsLevel3Memberus-gaap:SeniorNotesMember2024-09-300001799567srt:MinimumMember2024-09-300001799567srt:MaximumMember2024-09-300001799567ddi:SeattleMember2012-07-310001799567country:MT2023-10-310001799567ddi:GangnamguMember2023-09-3000017995672023-01-012023-12-310001799567us-gaap:AccumulatedTranslationAdjustmentMember2024-06-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2024-07-012024-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-07-012024-09-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2024-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-09-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2023-12-310001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310001799567us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-09-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2023-06-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2023-07-012023-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-07-012023-09-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2023-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-09-300001799567us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310001799567us-gaap:AccumulatedTranslationAdjustmentMember2023-01-012023-09-300001799567us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-09-300001799567srt:MaximumMember2022-08-292022-08-290001799567srt:MaximumMember2022-01-012022-12-3100017995672023-04-012023-06-300001799567ddi:DoubleuGamesLicenseAgreementMember2024-09-300001799567ddi:GameDevelopmentAndServicesAgreementWithDoubleUGamesMember2024-01-012024-09-300001799567ddi:ProprietaryAssetsMemberddi:InternationalGamingTechnologiesMember2024-09-300001799567ddi:ThirdPartyGameAssetTypesMemberddi:InternationalGamingTechnologiesMember2024-09-300001799567ddi:InternationalGamingTechnologiesMember2024-01-012024-09-300001799567ddi:InternationalGamingTechnologiesMember2024-07-012024-09-300001799567ddi:InternationalGamingTechnologiesMember2023-07-012023-09-300001799567ddi:InternationalGamingTechnologiesMember2023-01-012023-09-300001799567us-gaap:CostOfSalesMember2024-07-012024-09-300001799567us-gaap:CostOfSalesMember2023-07-012023-09-300001799567us-gaap:CostOfSalesMember2024-01-012024-09-300001799567us-gaap:CostOfSalesMember2023-01-012023-09-300001799567us-gaap:InterestExpenseMember2024-07-012024-09-300001799567us-gaap:InterestExpenseMember2023-07-012023-09-300001799567us-gaap:InterestExpenseMember2024-01-012024-09-300001799567us-gaap:InterestExpenseMember2023-01-012023-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMember2024-07-012024-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMember2023-07-012023-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMember2024-01-012024-09-300001799567us-gaap:GeneralAndAdministrativeExpenseMember2023-01-012023-09-300001799567us-gaap:RelatedPartyMember2024-09-300001799567us-gaap:RelatedPartyMember2023-12-310001799567us-gaap:RelatedPartyMemberddi:A4.60SeniorNotesDueToRelatedPartiesIn2026Member2024-09-300001799567ddi:SuprNationMember2023-10-310001799567ddi:SuprNationMember2024-01-012024-09-300001799567us-gaap:SubsequentEventMember2024-10-04

Exhibit 99.2
DoubleDown Interactive Co., Ltd.
Condensed Consolidated Financial Statements (unaudited)
September 30, 2024 and September 30, 2023
Contents

DoubleDown Interactive Co., Ltd.
Condensed Consolidated Statements of Income and Comprehensive Income
(unaudited, in thousands of U.S. Dollars, except share and per share amounts)
 Three months ended September 30,Nine months ended September 30,
 2024202320242023
Revenue$82,981 $72,983 $259,360 $225,766 
Operating expenses:
Cost of revenue(1)(2)
24,760 23,658 78,953 74,282 
Sales and marketing(1)
8,864 10,585 34,731 39,733 
Research and development(1)
2,537 4,361 8,984 14,473 
General and administrative(1)(3)
10,747 4,644 31,725 14,526 
Depreciation and amortization834 55 2,480 158 
Total operating expenses47,742 43,303 156,873 143,172 
Operating income$35,239 $29,680 $102,487 $82,594 
Other income (expense):
Interest expense(4)
(457)(443)(1,292)(1,341)
Interest income4,045 3,132 11,305 10,511 
Gain (loss) on foreign currency transactions(341)1,177 3,772 3,907 
Gain (loss) on foreign currency remeasurement(4,582)1,096 (1,520)1,484 
Gain (loss) on short-term investments(7)(7)(20)(76)
Other, net40 91 198 (4)
Total other income (expense), net$(1,302)$5,046 $12,443 $14,481 
Income before income tax$33,937 $34,726 $114,930 $97,075 
Income tax (expense)(8,794)(7,796)(26,161)(22,116)
Net income$25,143 $26,930 $88,769 $74,959 
Less: Net income attributable to noncontrolling interests101 — 242 — 
Net income attributable to DoubleDown Interactive Co., Ltd.$25,042 $26,930 $88,527 $74,959 
Other comprehensive income (expense):
Pension adjustments, net of tax102 (48)208 (156)
Gain (loss) on foreign currency translation4,165 (1,821)(1,000)(3,168)
Other comprehensive income (expense)$4,267 $(1,870)$(792)$(3,325)
Comprehensive income$29,410 $25,061 $87,977 $71,635 
Less: Comprehensive income attributable to noncontrolling interests101 — 179 — 
Comprehensive income attributable to DoubleDown Interactive Co., Ltd.$29,309 $25,061 $87,798 $71,635 
Earnings per share:
Basic$10.11 $10.87 $35.73 $30.25 
Diluted$10.11 $10.87 $35.73 $30.25 
Weighted average shares outstanding:
Basic2,477,6722,477,6722,477,6722,477,672
Diluted2,477,6722,477,6722,477,6722,477,672
(1)Excluding depreciation and amortization.
(2)Includes related party royalty expense of $564 and $513 for the three months ended September 30, 2024 and 2023, respectively, and $1,805 and $1,963 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
(3)Includes related party rent and general and administrative expense of $1,616 and $349 for the three months ended September 30, 2024 and 2023, respectively, and $4,593 and $1,108 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
(4)Includes related party interest expense of $425 and $442 for the three months ended September 30, 2024 and 2023, respectively, and $1,268 and $1,323 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
See accompanying notes to consolidated financial statements.
F-2
DoubleDown Interactive Co., Ltd.
Condensed Consolidated Balance Sheets
(in thousands of U.S. Dollars, except share amounts)
September 30,December 31,
20242023
(unaudited)
Assets
Current assets:
Cash and cash equivalents$292,651 $206,911 
Short-term investments80,000 67,756 
Accounts receivable, net33,376 32,517 
Prepaid expenses, and other assets9,895 8,570 
Total current assets$415,922 $315,754 
Property and equipment, net583 444 
Operating lease right-of-use assets, net4,450 7,130 
Intangible assets, net49,377 51,571 
Goodwill396,887 396,704 
Deferred tax asset10,936 28,934 
Other non-current assets1,694 2,807 
Total assets$879,849 $803,344 
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses(1)
$13,203 $13,293 
Short-term operating lease liabilities(2)
917 3,157 
Income taxes payable240 112 
Contract liabilities1,482 2,520 
Current portion of borrowings with related party(3)
— 38,778 
Other current liabilities(4)
3,728 10,645 
Total current liabilities$19,570 $68,505 
Long-term borrowings with related party(5)
37,890 — 
Long-term operating lease liabilities(6)
3,753 4,420 
Deferred tax liabilities, net360 848 
Other non-current liabilities(7)
2,668 1,681 
Total liabilities$64,241 $75,454 
Shareholders’ equity
Common stock, KRW 10,000 par value—200,000,000 Shares authorized; 2,477,672 issued and outstanding
21,198 21,198 
Additional paid-in-capital359,280 359,280 
Accumulated other comprehensive income19,253 19,982 
Retained earnings415,800 327,273 
Total shareholders’ equity attributable to shareholders of DoubleDown Interactive Co. Ltd.$815,531 $727,733 
Equity attributable to noncontrolling interests77 157 
Total equity$815,608 $727,890 
Total liabilities and shareholders’ equity$879,849 $803,344 
(1)Includes related party royalty and other payables of $1,503 and $1,618 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(2)Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(3)Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(4)Includes related party interest payable of $0 and $9,501 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(5)Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(6)Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
(7)Includes related party interest payable of $605 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
See accompanying notes to consolidated financial statements.
F-3
DoubleDown Interactive Co., Ltd.
Condensed Consolidated Statements of Changes in Shareholders’ Equity
(unaudited, in thousands of U.S. Dollars, except share amounts)
Common
shares
Common
stock
Additional
paid-in-
capital
Accumulated
other
comprehensive
 income/(loss)
Retained
earnings
(deficit)
Equity
attributable to
noncontrolling
 interests
Total
shareholders’
equity
Three months ended September 30, 2024
As of July 1, 20242,477,672$21,198 $359,280 $14,986 $390,758 $87 $786,309 
Net income — — — — 25,042 101 25,143 
Pension adjustments, net of tax—— — 102 — — 102 
Gain on foreign currency translation, net of tax—— — 4,165 — — 4,165 
Dividends distributed to noncontrolling interests— — — — — (111)(111)
As of September 30, 20242,477,672$21,198 $359,280 $19,253 $415,800 $77 $815,608 
Three months ended September 30, 2023
As of July 1, 20232,477,672$21,198 $359,280 $17,905 $274,416 $— $672,799 
Net income— — — — 26,930 — 26,930 
Pension adjustments, net of tax— — — (48)— — (48)
Loss on foreign currency translation, net of tax— — — (1,821)— — (1,821)
As of September 30, 20232,477,672$21,198 $359,280 $16,036 $301,346 $— $697,860 
See accompanying notes to consolidated financial statements.
F-4
Common
shares
Common
stock
Additional
paid-in-
capital
Accumulated
other
comprehensive
 income/(loss)
Retained
earnings
(deficit)
Equity
attributable to
noncontrolling
 interests
Total
shareholders’
equity
Nine months ended September 30, 2024
As of January 1, 20242,477,672$21,198 $359,280 $19,982 $327,273 $157 $727,890 
Net income—— — — 88,527 242 88,769 
Pension adjustments, net of tax—— — 208 — — 208 
Loss on foreign currency translation, net of tax— — — (937)— (63)(1,000)
Dividends distributed to noncontrolling interests— — — — — (258)(258)
As of September 30, 20242,477,672$21,198 $359,280 $19,253 $415,800 $77 $815,608 
Nine months ended September 30, 2023
As of January 1, 20232,477,672$21,198 $359,280 $19,360 $226,388 $— $626,226 
Net income—— — — 74,959 — 74,959 
Pension adjustments, net of tax—— — (156)— — (156)
Loss on foreign currency translation, net of tax—— — (3,168)— — (3,168)
As of September 30, 20232,477,672$21,198 $359,280 $16,036 $301,346 $— $697,860 
See accompanying notes to consolidated financial statements.
F-5
DoubleDown Interactive Co., Ltd.
Condensed Consolidated Statements of Cash Flows
(unaudited, in thousands of U.S. Dollars)
 Nine months ended September 30,
 20242023
Cash flow from (used in) operating activities:
Net income $88,769 $74,959 
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization2,480 158 
(Gain)/Loss on foreign currency remeasurement1,520 (1,484)
Loss on short-term investments20 76 
Deferred taxes17,200 21,110 
Working capital adjustments: 
Accounts receivable(948)(6,847)
Prepaid expenses, other current and non-current assets520 1,090 
Accounts payable, accrued expenses and other payables(588)(3,381)
Contract liabilities(1,039)(382)
Income tax payable(1,713)15 
Loss contingency— (95,250)
Other current and non-current liabilities(5,093)1,055 
Net cash flows from (used in) operating activities$101,128 $(8,881)
Cash flow from (used in) investing activities:
Purchases of intangible assets(5)— 
Purchases of property and equipment(291)(173)
Proceeds from disposal of property and equipment
2 — 
Issuance of note receivable— (1,086)
Purchases of short-term investments(81,659)(47,465)
Sales of short-term investments66,795 75,633 
Net cash flows from (used in) investing activities$(15,158)$26,909 
Cash flow from (used in) financing activities:
Dividends distributed to noncontrolling interests(320)— 
Net cash flows from (used in) financing activities:$(320)$— 
Net foreign exchange difference on cash and cash equivalents90 (1,444)
Net increase in cash and cash equivalents$85,740 $16,584 
Cash and cash equivalents at beginning of period$206,911 $217,352 
Cash and cash equivalents at end of period$292,651 $233,936 
Cash paid during year for:
Interest$9,977 — 
Income taxes$10,211 $20 
See accompanying notes to consolidated financial statements.
F-6
DoubleDown Interactive Co., Ltd.
Notes to Condensed Consolidated Financial Statements (unaudited)
Note 1: Description of business
Background and nature of operations
DoubleDown Interactive Co., Ltd. (“DDI,” “we,” “us,” “our” or the “Company,” formerly known as The8Games Co., Ltd.) was incorporated in 2008 in Seoul, Korea as an interactive entertainment studio, focused on the development and publishing of casual games and mobile applications. DDI is a subsidiary of DoubleU Games Co., Ltd. (“DUG” or “DoubleU Games”), a Korean company and our controlling shareholder holding 67.1% of our outstanding shares. The remaining 32.9% of our outstanding shares are held by STIC Special Situation Private Equity Fund (“STIC”, 19.4%) and the remainder by other shareholders (13.5%). In 2017, DDI acquired DoubleDown Interactive, LLC (“DDI-US”) from International Gaming Technologies (“IGT”) for approximately $825 million. DDI-US, with its principal place of business located in Seattle, Washington, is our primary revenue-generating entity.
We develop and publish digital gaming content on various mobile and web platforms through our multi-format interactive all-in-one game experience concept. We host DoubleDown Casino, DoubleDown Classic, and DoubleDown Fort Knox within various formats.
Acquisition of SuprNation AB
On October 31, 2023, the Company closed the acquisition of iGaming operator, SuprNation AB (“SuprNation”), for a total cash consideration €34.3 million (or approximately $36.5 million based on an exchange rate of €1 = $1.064 as of October 27, 2023). The acquisition diversifies the digital games categories that the Company addresses with the addition of three real-money iGaming sites in Western Europe. Following the closing, SuprNation AB is now a direct, wholly-owned subsidiary of DDI-US.
Basis of preparation and consolidation
Our unaudited condensed consolidated financial statements (“financial statements”) have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission regarding interim financial information. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations.
Our unaudited condensed consolidated financial statements include all adjustments of a normal, recurring nature necessary for the fair statement of the results for the interim periods presented. The results for the interim period presented are not necessarily indicative of those for the full year. The condensed consolidated financial statements should be read in conjunction with our consolidated financial statements for the year ended December 31, 2023.
The condensed consolidated financial statements include the balances and accounts of DDI and our controlled subsidiaries. All significant inter-company transactions, balances and unrealized gains or losses have been eliminated. We view our operations and manage our business as one operating segment.
Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures. We regularly evaluate estimates and assumptions related to provisions for income taxes, revenue recognition, expense accruals, deferred income tax asset valuation allowances, valuation of goodwill and intangibles, and legal contingencies. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and the actual results, future operating results may be affected.
F-7
Functional currency and translation of financial statements
Our functional currency is the Korean Won (“KRW”), and Euro (“EUR” or “€”) and the U.S. Dollar (“dollar,” “USD,” “US$,” or “$”) are the functional currencies of our subsidiaries in Europe and United States, respectively. The accompanying consolidated financial statements are presented in USD. The consolidated balance sheets have been translated at the exchange rates prevailing at each balance sheet date. The consolidated statement of comprehensive income and statement of cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. The equity capital is denominated in the functional currency, KRW, and is translated at historical exchange rates. All translation adjustments resulting from translating into the reporting currency are accumulated as a separate component of accumulated other comprehensive income in shareholders’ equity. Gains or losses resulting from foreign currency transactions are included in other income (expense).
Intercompany monetary items denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date with the gain or loss arising on translation recorded to other income (expense). Intercompany non-monetary items that are measured at historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions.
Cash and cash equivalents
We consider all money market funds and short-term investments with a maturity of three months or less when acquired to be cash and cash equivalents. Cash and cash equivalents are held by high credit quality financial institutions and balances may exceed limits of federal insurance. We have not experienced any losses resulting from these excess deposits.
Financial instruments and concentration of credit risk
Financial instruments, which potentially expose us to concentrations of credit risk, consist primarily of cash and cash equivalents, accounts receivable and short-term investments.
Accounts receivable are recorded and carried at the net invoiced amount, which is net of platform payment processing fees, unsecured, and represent amounts due to us based on contractual obligations where an executed contract exists. For our social-casino/free-to-play games, we generally do not require collateral and have not recognized an allowance as management estimates the net receivable is fully collectible. Apple, Inc. (“Apple”), Facebook, Inc. (“Facebook”), Google, LLC (“Google”), and Xsolla, Inc. (“Xsolla”) represent significant distribution, marketing, and payment platforms for our games. A substantial portion of our revenue was generated from players who accessed our games through these platforms and a significant concentration of our accounts receivable balance is comprised of balances owed to us by these platforms.
The following table summarizes the percentage of revenues and accounts receivable generated via our platform providers in excess of 10% of our total revenues and total accounts receivable:
Revenue Concentration
Three months ended September 30,Nine months ended September 30,
2024202320242023
Apple49.5 %56.5 %50.3 %55.7 %
Google15.3 %18.1 %15.9 %18.6 %
Facebook13.3 %16.2 %14.2 %17.2 %
Xsolla10.5 %7.1 %8.3 %6.4 %
Accounts Receivable Concentration
As of September 30,As of December 31,
20242023
Apple53.8 %59.3 %
Xsolla16.2 %11.3 %
Google8.6 %10.3 %
Facebook7.2 %9.9 %
F-8
Note 2: Revenue from Contracts with Customers
Our social and mobile apps operate on a free-to-play model, whereby game players may collect virtual currency free of charge through the passage of time or through targeted marketing promotions. If a game player wishes to obtain virtual currency above and beyond the level of free virtual currency available to that player, the player may purchase additional virtual currency. Once a purchase is completed, the virtual currency is deposited into the player’s account and is not separately identifiable from previously purchased virtual currency or virtual currency obtained by the game player for free.
Once obtained, virtual currency (either free or purchased) cannot be redeemed for cash nor exchanged for anything other than gameplay within our apps. When virtual currency is played on any of our games, the game player could “win” and would be awarded additional virtual currency or could “lose” and lose the future use of that virtual currency. We have concluded that our virtual currency represents consumable goods, because the game player does not receive any additional benefit from the games and is not entitled to any additional rights once the virtual currency is substantially consumed.
Control transfers when the virtual currency is consumed for gameplay. We recognize revenue from player purchases of virtual currency based on the consumption of this currency. We determined through a review of play behavior that game players generally do not purchase additional virtual currency until their existing virtual currency balances, regardless of source (e.g., bonus currency, gifted currency through social media channels, daily free chips, etc.), have been substantially consumed.
Based on an analysis of customers’ historical play behavior, purchase behavior, and the amount of virtual currency outstanding, we are able to estimate the rate that virtual currency is consumed during gameplay. Accordingly, revenue is recognized using a user-based revenue model with the period between purchases representing the timing difference between virtual currency purchase and consumption. This timing difference is relatively short.
We continuously gather and analyze detailed customer play behavior and assess this data in relation to our judgments used for revenue recognition.
We generate a small portion of our revenue from subscription services. All monthly subscription fees are prepaid and non-refundable for a one-month period and auto-renew until the end customer terminates the service with the platform provider the subscription services originated. The subscription revenue is recognized on a daily basis beginning on the original date of purchase and has no impact on a customer purchased virtual currency.
Disaggregation of revenue
We believe disaggregation of our revenue based on platform and geographical location are appropriate categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.
The following table represents our disaggregation of revenue between mobile and web platforms (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Mobile$55,376 $61,130 $176,954 $186,928 
Web27,605 11,853 82,406 38,838 
Total$82,981 $72,983 $259,360 $225,766 
F-9
The following table presents our revenue disaggregated based on the geographical location of our players (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
U.S.$65,147 $63,719 $205,275 $197,551 
Canada4,980 5,101 14,800 15,121 
United Kingdom6,133 572 19,287 1,708 
International-other (1)
6,721 3,591 19,998 11,386 
Total$82,981 $72,983 $259,360 $225,766 
(1)Geographic location is presented as "International-other" when location data is not available.
Principal-agent considerations
Our revenue contracts are with game players who are our customers. We have exclusive control over all content, pricing, and overall functionality of games accessed by players. Our games are played on various third-party platforms for which the platform providers collect proceeds from our customers and remit us an amount after deducting a fee for processing and other agency services. We record revenue at the gross amount charged to our customers and classify fees paid to platform providers (such as Apple, Facebook, and Google) within cost of revenue, contract assets, contract liabilities and other disclosures.
Contract assets, contract liabilities and other disclosures
Customer payments are based on the payment terms established in our contracts. Payments for purchase of virtual currency are required at time of purchase, are non-refundable and relate to non-cancellable contracts that specify our performance obligations. All payments are initially recorded as revenue, as the player has no right of return after the purchase, consistent with our standard terms and conditions. Based on our analysis, at each period end, we estimate the number of days to consume virtual currency. This represents the revenue amount where the performance obligation has not been met and is deferred as a contract liability until we satisfy the obligation. The contract asset consists of platform fees for which revenue has not been recognized.
The following table summarized our opening and closing balances in contract assets and contract liabilities (in thousands):
As of September 30,As of December 31,
20242023
Contract assets(1)
$445 $756 
Contract liabilities1,482 2,520 
(1)Contract assets are included within prepaid expenses and other assets in our consolidated balance sheet.
Note 3: Short-term investments
The Company holds investments in marketable securities with the intention of selling these investments within a relatively short period of time (3-6 months). As such, gains or losses from holding or trading these securities were recognized in the Statements of Income. At September 30, 2024, short term investments comprised of fixed time deposits classified as trading.
F-10
Note 4: Goodwill and intangible assets
There were no changes to the carrying amount of goodwill in the nine months ended September 30, 2024. We recognized an aggregate $269.9 million impairment of goodwill and intangibles in 2022. Changes in the carrying amount of intangible assets were as follows (in thousands):
Useful lifeSeptember 30, 2024December 31, 2023
Gross amountAccumulated
amortization 		Impairment Net amountGross amountAccumulated
amortization 		Impairment Net amount
Goodwillindefinite$651,780 $— $(254,893)$396,887 $651,597 $— $(254,893)$396,704 
Trademarksindefinite50,000 — (15,000)35,000 50,000 — (15,000)35,000 
Customer relationships4 years84,377 (77,149)— 7,228 84,271 (75,387)— 8,884 
Purchased technology
5-10 years
52,803 (46,100)— 6,703 52,707 (45,544)— 7,163 
Development costs3 years9,486 (9,486)— — 9,486 (9,486)— — 
Software
4-5 years
2,977 (2,531)— 446 2,968 (2,444)— 524 
Total$851,423 $(135,266)$(269,893)$446,264 $851,029 $(132,861)$(269,893)$448,275 
The following reflects amortization expense related to intangible assets included with depreciation and amortization (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Amortization Expense$788.0 $4.2 $2,337.7 $12.5 
Note 5: Debt
The components of debt at September 30, 2024 and December 31, 2023 are as follows (in thousands):
As of September 30,As of December 31,
20242023
4.60% Senior Notes due to related party due 2026
$37,890 $38,778 
Total debt37,890 38,778 
Less: Short-term debt— 38,778 
Total Long-term debt$37,890 $— 
4.60% Senior Notes due to related party due 2026
The 4.60% Senior Notes due to related party, which in aggregate total KRW100 billion at inception, accrue 4.60% interest quarterly on the outstanding principal amount until maturity. Accrued interest and outstanding principal, after deducting any voluntary repayments, are due in full at maturity (May 27, 2026).
Voluntary principal and interest payments were made in June and September 2020. Principal of KRW20 billion and interest of KRW1.2 billion were paid in June 2020 and principal of KRW30 billion and interest of KRW3.1 billion were paid in September 2020. In May 2024, a voluntary interest payment of KRW13.2 billion was made, and the maturity of the remaining outstanding principal amount under the 4.60% Senior Notes was extended by two years to May 27, 2026.
Note 6: Fair value measurements
The carrying values of our accounts receivable, prepaid expenses and other current assets, accounts payable, accrued liabilities and short-term borrowings approximate their fair values due to the short-term nature of these instruments.
F-11
Our cash equivalents (Level 1 of fair value hierarchy) consist of money market funds and Korean government bonds totaling $292.7 million, and short-term investments (Level 2 of fair value hierarchy) comprised of fixed time or certificates of deposit with maturity periods greater than 90 days totaling $80.0 million as of September 30, 2024. As of December 31, 2023, our cash equivalents (Level 1 of fair value hierarchy) consisted of money market funds and Korean government bonds totaling $206.9 million, and short-term investments (Level 2 of fair value hierarchy) comprised of fixed time or certificates of deposit with maturity periods greater than 90 days totaling $67.8 million. We rely on credit market data to track interest rates for other entities with similar risk profiles.
We record all debt at inception at fair value. We perform subsequent analysis on available data to evaluate the fair value of our borrowing as of the balance sheet date. We rely on credit market data to track interest rates for other entities with similar risk profiles. As of September 30, 2024, the fair value of our senior notes (a Level 3 estimate) was approximately $1.5 million lower than face value.
Note 7: Income taxes
We are subject to federal and state income taxes in Korea, the United States, Malta and Sweden. We account for our provision for income taxes in accordance with ASC 740, Income Taxes, which requires an estimate of the annual effective tax rate for the full year to be applied to the interim period, taking into account year-to-date amounts and projected results for the full year.
Our effective tax rate varies from the statutory Korean income tax rate due to the effect of foreign rate differential, withholding taxes, state and local income taxes, notional interest deduction, FDII deduction, and valuation allowances on deferred tax assets in certain jurisdictions. Our effective tax rate could fluctuate significantly from quarter to quarter based on variations in the estimated and actual level of pre-tax income or loss by jurisdiction, changes in enacted tax laws and regulations, and changes in estimates regarding non-deductible expenses and tax credits. As of September 30, 2024, and December 31, 2023, we have provided a valuation allowance against our net deferred tax assets that we believe, based on the weight of available evidence, are not more likely than not to be realized.
The income tax expense of $26.2 million for the nine months ended September 30, 2024, reflects an effective tax rate of 22.8% which is equivalent to the effective tax rate of 22.8% for the nine months ended September 30, 2023.
The effective tax rate of 22.8% for the nine months ended September 30, 2024, is higher than the Korean statutory rate of 19%, primarily due to foreign rate differential and state taxes.
Note 8: Net income per share
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. Diluted net income per share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. There were no potentially dilutive securities outstanding in either period presented.
Note 9: Leases
We are a lessee for corporate office spaces in Seattle, Washington, Swieqi, Malta and Seoul, Korea. The lessor for our Seoul, Korea leases is our controlling shareholder, DoubleU Games (see Note 12). Except for our Malta office lease which was extended in October 2024, as of September 30, 2024, our leases have remaining terms of 25 to 69 months. We do not have any finance leases. Our total variable and short-term lease payments are immaterial for all periods presented.
The Seattle, Washington lease originated in July 2012 and consists of 13,219 square feet. The lease was extended by amendment in May 2024 and will expire in June 2030.
The Swieqi, Malta office lease was assumed as part of the SuprNation acquisition in October 2023 and consists of 4,770 square feet. The original lease was going to expire in October 2024 and was subsequently extended by amendment in October 2024 and will expire in October 2026.
In September 2023, we executed a new sublease with our controlling shareholder, DUG, for 15,673 square feet of office space in Gangnam-gu, Seoul, Korea. The lease term commenced in October 2023, and will expire in September 2028.
F-12
Supplemental balance sheet and cash flow information related to operating leases is as follows (in thousands):
 As of September 30, 2024As of December 31, 2023
Total operating lease right-of-use asset, net$4,450 $7,130 
Short-term operating lease liabilities917 3,157 
Long-term operating lease liabilities3,753 4,420 
Total operating lease liabilities$4,670 $7,577 
Operating lease costs$1,805 $3,201 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine months endedNine months ended
September 30, 2024September 30, 2023
Cash paid for amounts included in the measurement of operating lease liabilities$1,793 $2,547 
Right-of-use assets obtained in exchange for new lease obligations$— $— 
Net decrease to operating lease ROU assets resulting from remeasurements of lease obligations$1,050 $— 
F-13
Note 10: Accumulated other comprehensive income
Changes in accumulated other comprehensive income (AOCI) by component for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands):
Three months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2024$16,908 $(1,922)$14,986 
Foreign currency translation gain/(loss), net of tax4,165 — 4,165 
Actuarial gain/(loss), net of tax— 102 102 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Nine months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2024$22,011 $(2,029)$19,982 
Foreign currency translation gain/(loss), net of tax(937)— (937)
Actuarial gain/(loss), net of tax— 208 208 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Three months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2023$19,444 $(1,540)$17,904 
Foreign currency translation gain/(loss), net of tax(1,821)— (1,821)
Actuarial gain/(loss), net of tax— (48)(48)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
Nine months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2023$20,792 $(1,432)$19,360 
Foreign currency translation gain/(loss), net of tax(3,168)— (3,168)
Actuarial gain/(loss), net of tax— (156)(156)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
We do not tax effect foreign currency translation gain/(loss) because we have determined such gain/(loss) is permanently reinvested and actuarial gain/(loss) is not tax effected due to a valuation allowance applied to our deferred tax assets.
Note 11: Commitments and contingencies
Legal contingencies
On April 12, 2018, a class-action lawsuit was filed against DDI-US demanding a return of unfair benefit under the pretext that the Company’s social casino games are not legal in the State of Washington, United States. On August 29, 2022, DDI-US entered into an agreement in principle to settle the aforementioned case and associated proceedings, pursuant to which, among other things, DDI-US would contribute $145.25 million to the settlement fund. This agreement in principle received final court approval with the final contribution to the settlement fund made in June 2023. The Company recorded an accrual of $95.25 million for the year ended December 31, 2022, which was subsequently settled via a $95.25 million cash payment in the second quarter of 2023.
F-14
Publishing and license agreements
DoubleU Games
We entered into the DoubleU Games License Agreement on March 7, 2018, and it was subsequently amended on July 1, 2019 and November 27, 2019. In March 2023, we, through DDI-US, entered into a new Game License Agreement with DoubleU Games with effect from January 1, 2023, which supersedes the prior DoubleU Games License Agreement. Pursuant to the new Game License Agreement, DoubleU Games grants us, through DDI-US, a non-exclusive and worldwide license to service and distribute certain DoubleU Games social casino game titles and sequels thereto in the social online game field of use. We are obligated to pay a royalty license fee equal to a certain fixed percentage of the net sales of the licensed game titles to DoubleU Games in connection with these rights. As of September 30, 2024, we licensed approximately 49 game titles under the terms of this agreement.
In October 2023, we, through DDI-US, entered into a Game Development Services Agreement with DoubleUGames, pursuant to which DDI-US will pay service fees to DoubleU Games for certain game maintenance services and product planning and user analysis services provided by DoubleU Games. We incurred total service fees of $3.5 million for the nine months ended September 30, 2024.
International Gaming Technologies (“IGT”)
In 2017, we entered into a Game Development, Distribution, and Services agreement with IGT, and it was subsequently amended on January 1, 2019. Under the terms of the agreement, IGT will deliver game assets so that we can port (a process of converting the assets into functioning slot games by platform) the technology for inclusion in our gaming apps. The agreement includes game assets that are used to create new games. Under the agreement, we pay IGT a royalty rate of 7.5% of revenue for their proprietary assets and 15% of revenue for third-party game asset types. We also pay a monthly fee for porting. The initial term of the agreement is ten (10) years with up to two additional five-year periods. Costs incurred in connection with this agreement for the three months ended September 30, 2024 and 2023 totaled $1.0 million and $1.5 million, respectively, and are recognized as a component of cost of revenue. Costs incurred in connection with this agreement for the nine months ended September 30, 2024 and 2023 totaled $3.4 million and $5.4 million, respectively, and are recognized as a component of cost of revenue.
Note 12: Related party transactions
Our related party transactions comprise of expenses for use of intellectual property, borrowings, and sublease previously described. We may also incur other expenses with related parties in the ordinary course of business, which are included in the consolidated financial statements.
The following is a summary of expenses charged by our controlling shareholder, DoubleU Games (in thousands):
Three months ended September 30,Nine months ended September 30,Statement of
Income and Comprehensive Income Line Item
2024202320242023
Royalty expense (see Note 11)$564 $513 $1,805 $1,963 Cost of revenue
Interest expense (see Note 5)425 442 1,268 1,323 Interest expense
Rent expense (see Note 9)277 308 935 932 General and administrative expense
Other expense1,339 41 3,658 176 General and administrative expense
F-15
Amounts due to our controlling shareholder, DUG, are as follows (in thousands):
At September 30,At December 31,Statement of Consolidated
Balance Sheet Line Item
20242023
4.6% Senior Notes due to related party due 2024
$— $38,778 Current portion of borrowings with related party
4.6% Senior Notes due to related party due 2026
37,890 — Long-term borrowing with related party
Royalties and other expenses1,503 1,618 A/P and accrued expenses
Short-term lease liability719 1,298 Short-term operating lease liabilities
Accrued interest on 4.6% Senior Notes with related party
— 9,501 Other current liabilities
Accrued interest on 4.6% Senior Notes with related party
605 — Other non-current liabilities
Long-term lease liability1,959 4,414 Long-term lease liabilities
Note 13: Defined benefit pension plan
We operate a defined benefit pension plan under employment regulations in Korea. The plan services the employees located in Seoul and is a final wage-based pension plan, which provides a specified amount of pension benefit based on length of service. The total benefit obligation of $2.1 million and $4.4 million was included in other non-current liabilities as of September 30, 2024 and December 31, 2023, respectively, and the change in actuarial gains or losses, which is not significant, was included in other comprehensive income. The plan is funded.
Note 14: Acquisition
Business Combination - SuprNation
On October 31, 2023, the Company completed its acquisition of SuprNation, a European i-Gaming operator, which is now a direct, wholly-owned subsidiary of DDI-US, for a total cash purchase price of $30.6 million. There was also a payment into escrow of $5.5 million and a deferred payment of up to $6.5 million, relating to a holdback amount to be calculated based on SuprNation’s performance and financial results 18 months following the transaction close date. The transaction is expected to enable the Company to expand into the i-Gaming market. The Company accounted for the acquisition as a business combination. Transaction costs incurred by the Company in connection with the acquisition, including professional fees, were $2.0 million.
Contemporaneously with entering into the definitive agreement, the Company also adopted an eighteen-month performance-based incentive plan for certain key employees of SuprNation, under which the key employees may earn up to a total of $6.5 million in addition to $5.5 million held in escrow, contingent upon the achievement of certain revenue and other performance targets by the acquired business and the continued employment of such key employees between 2023 and 2025. Such plan became effective at the closing of the transaction.
The Company’s consolidated statement of operations as of September 30, 2024, includes SuprNation’s revenue of $24.0 million and pre-tax loss of $2.7 million for the nine months ended September 30, 2024.
Note 15: Subsequent events

On October 4, 2024, the Company entered into a Mutual Termination Agreement to terminate that certain Game Development Agreement previously entered into by and between the Company and DDI-US, with effect from August 31, 2024. Concurrently with the termination, the Company, through DDI-US, entered into a new Game Development Agreement with DoubleU Games, with effect from September 1, 2024. Pursuant to the new Game Development Agreement, DoubleU Games will develop certain social casino game software and titles for the Company, and the Company will pay DoubleU Games development fees equal to DoubleU Games’ development costs plus a certain percentage of such development costs. The initial term of the new Game Development Agreement is three years, subject to early termination or renewal.


F-16
v3.24.3
Cover Page
 9 Months Ended
Sep. 30, 2024
Cover [Abstract]  
Document Type 6-K
Entity Registrant Name DoubleDown Interactive Co., Ltd.
Amendment Flag false
Entity Central Index Key 0001799567
Current Fiscal Year End Date --12-31
Document Period End Date Sep. 30, 2024
Document Fiscal Year Focus 2024
Document Fiscal Period Focus Q3
v3.24.3
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 82,981 $ 72,983 $ 259,360 $ 225,766
Operating expenses:        
Cost of revenue [1],[2] 24,760 23,658 78,953 74,282
Sales and marketing [1] 8,864 10,585 34,731 39,733
Research and development [1] 2,537 4,361 8,984 14,473
General and administrative [1],[3] 10,747 4,644 31,725 14,526
Depreciation and amortization 834 55 2,480 158
Total operating expenses 47,742 43,303 156,873 143,172
Operating income 35,239 29,680 102,487 82,594
Other income (expense):        
Interest expense [4] (457) (443) (1,292) (1,341)
Interest income 4,045 3,132 11,305 10,511
Gain (loss) on foreign currency transactions (341) 1,177 3,772 3,907
Gain (loss) on foreign currency remeasurement (4,582) 1,096 (1,520) 1,484
Gain (loss) on short-term investments (7) (7) (20) (76)
Other, net 40 91 198 (4)
Total other income (expense), net (1,302) 5,046 12,443 14,481
Income before income tax 33,937 34,726 114,930 97,075
Income tax (expense) (8,794) (7,796) (26,161) (22,116)
Net income 25,143 26,930 88,769 74,959
Less: Net income attributable to noncontrolling interests 101 0 242 0
Net income attributable to DoubleDown Interactive Co., Ltd. 25,042 26,930 88,527 74,959
Other comprehensive income (expense):        
Pension adjustments, net of tax 102 (48) 208 (156)
Gain (loss) on foreign currency translation 4,165 (1,821) (1,000) (3,168)
Other comprehensive income (expense) 4,267 (1,870) (792) (3,325)
Comprehensive income 29,410 25,061 87,977 71,635
Less: Comprehensive income attributable to noncontrolling interests 101 0 179 0
Comprehensive income attributable to DoubleDown Interactive Co., Ltd. $ 29,309 $ 25,061 $ 87,798 $ 71,635
Earnings per share:        
Basic (in dollars per share) $ 10.11 $ 10.87 $ 35.73 $ 30.25
Diluted (in dollars per share) $ 10.11 $ 10.87 $ 35.73 $ 30.25
Weighted average shares outstanding:        
Basic (in shares) 2,477,672 2,477,672 2,477,672 2,477,672
Diluted (in shares) 2,477,672 2,477,672 2,477,672 2,477,672
[1] Excluding depreciation and amortization.
[2] Includes related party royalty expense of $564 and $513 for the three months ended September 30, 2024 and 2023, respectively, and $1,805 and $1,963 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
[3] Includes related party rent and general and administrative expense of $1,616 and $349 for the three months ended September 30, 2024 and 2023, respectively, and $4,593 and $1,108 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
[4] Includes related party interest expense of $425 and $442 for the three months ended September 30, 2024 and 2023, respectively, and $1,268 and $1,323 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
v3.24.3
Condensed Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest expense [1] $ 457 $ 443 $ 1,292 $ 1,341
Cost of Sales        
Royalty expense 564 513 1,805 1,963
Related Party        
Interest expense 425 442 1,268 1,323
Related Party | Cost of Sales        
Royalty expense 564 513 1,805 1,963
Related Party | General and administrative expense        
Rental and general and administrative expenses $ 1,616 $ 349 $ 4,593 $ 1,108
[1] Includes related party interest expense of $425 and $442 for the three months ended September 30, 2024 and 2023, respectively, and $1,268 and $1,323 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 292,651 $ 206,911
Short-term investments 80,000 67,756
Accounts receivable, net 33,376 32,517
Prepaid expenses, and other assets 9,895 8,570
Total current assets 415,922 315,754
Property and equipment, net 583 444
Operating lease right-of-use assets, net 4,450 7,130
Intangible assets, net 49,377 51,571
Goodwill 396,887 396,704
Deferred tax asset 10,936 28,934
Other non-current assets 1,694 2,807
Total assets 879,849 803,344
Liabilities and Shareholders’ Equity    
Accounts payable and accrued expenses [1] 13,203 13,293
Short-term operating lease liabilities [2] 917 3,157
Income taxes payable 240 112
Contract liabilities 1,482 2,520
Current portion of borrowings with related party [3] 0 38,778
Other current liabilities [4] 3,728 10,645
Total current liabilities 19,570 68,505
Long-term borrowings with related party [5] 37,890 0
Long-term operating lease liabilities [6] 3,753 4,420
Deferred tax liabilities, net 360 848
Other non-current liabilities [7] 2,668 1,681
Total liabilities 64,241 75,454
Shareholders’ equity    
Common stock, KRW 10,000 par value—200,000,000 Shares authorized; 2,477,672 issued and outstanding 21,198 21,198
Additional paid-in-capital 359,280 359,280
Accumulated other comprehensive income 19,253 19,982
Retained earnings 415,800 327,273
Total shareholders’ equity attributable to shareholders of DoubleDown Interactive Co. Ltd. 815,531 727,733
Equity attributable to noncontrolling interests 77 157
Total equity 815,608 727,890
Total liabilities and shareholders’ equity $ 879,849 $ 803,344
[1] Includes related party royalty and other payables of $1,503 and $1,618 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[3] Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[4] Includes related party interest payable of $0 and $9,501 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[5] Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[6] Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[7] Includes related party interest payable of $605 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
v3.24.3
Condensed Consolidated Balance Sheets (Parenthetical)
$ in Thousands
Sep. 30, 2024
USD ($)
shares
Sep. 30, 2024
₩ / shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2023
₩ / shares
Common stock, par value (in KRW per share) | ₩ / shares   ₩ 10,000   ₩ 10,000
Common stock, shares authorized (in shares) | shares 200,000,000   200,000,000  
Common stock, shares issued (in shares) | shares 2,477,672   2,477,672  
Common stock, shares outstanding (in shares) | shares 2,477,672   2,477,672  
Short-term operating lease liabilities [1] $ 917   $ 3,157  
Less: Short-term debt [2] 0   38,778  
Long-term borrowings with related party [3] 37,890   0  
Long-term operating lease liabilities [4] 3,753   4,420  
Other non-current liabilities [5] 2,668   1,681  
Related Party        
Accrued royalties payable 1,503   1,618  
Short-term operating lease liabilities 719   1,298  
Less: Short-term debt 0   38,778  
Long-term borrowings with related party 37,890   0  
Long-term operating lease liabilities 1,959   4,414  
Other non-current liabilities 605   0  
Related Party | Other current liabilities        
Interest payable, current $ 0   $ 9,501  
[1] Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[3] Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[4] Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[5] Includes related party interest payable of $605 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
v3.24.3
Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in- capital
Accumulated other comprehensive income/(loss)
Retained earnings (deficit)
Equity attributable to noncontrolling interests
Balance, beginning of period (in shares) at Dec. 31, 2022   2,477,672        
Balance, beginning of period at Dec. 31, 2022 $ 626,226 $ 21,198 $ 359,280 $ 19,360 $ 226,388 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 74,959       74,959  
Pension adjustments, net of tax (156)     (156)    
Gain (loss) on foreign currency translation, net of tax (3,168)     (3,168)    
Balance, end of period (in shares) at Sep. 30, 2023   2,477,672        
Balance, end of period at Sep. 30, 2023 697,860 $ 21,198 359,280 16,036 301,346 0
Balance, beginning of period (in shares) at Jun. 30, 2023   2,477,672        
Balance, beginning of period at Jun. 30, 2023 672,799 $ 21,198 359,280 17,905 274,416  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 26,930       26,930  
Pension adjustments, net of tax (48)     (48)    
Gain (loss) on foreign currency translation, net of tax (1,821)     (1,821)    
Balance, end of period (in shares) at Sep. 30, 2023   2,477,672        
Balance, end of period at Sep. 30, 2023 697,860 $ 21,198 359,280 16,036 301,346 0
Balance, beginning of period (in shares) at Dec. 31, 2023   2,477,672        
Balance, beginning of period at Dec. 31, 2023 727,890 $ 21,198 359,280 19,982 327,273 157
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 88,769       88,527 242
Pension adjustments, net of tax 208     208    
Gain (loss) on foreign currency translation, net of tax (1,000)     (937)   (63)
Dividends distributed to noncontrolling interests (258)         (258)
Balance, end of period (in shares) at Sep. 30, 2024   2,477,672        
Balance, end of period at Sep. 30, 2024 815,608 $ 21,198 359,280 19,253 415,800 77
Balance, beginning of period (in shares) at Jun. 30, 2024   2,477,672        
Balance, beginning of period at Jun. 30, 2024 786,309 $ 21,198 359,280 14,986 390,758 87
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 25,143       25,042 101
Pension adjustments, net of tax 102     102    
Gain (loss) on foreign currency translation, net of tax 4,165     4,165    
Dividends distributed to noncontrolling interests (111)         (111)
Balance, end of period (in shares) at Sep. 30, 2024   2,477,672        
Balance, end of period at Sep. 30, 2024 $ 815,608 $ 21,198 $ 359,280 $ 19,253 $ 415,800 $ 77
v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flow from (used in) operating activities:    
Net income $ 88,769 $ 74,959
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 2,480 158
(Gain)/Loss on foreign currency remeasurement 1,520 (1,484)
Loss on short-term investments 20 76
Deferred taxes 17,200 21,110
Accounts receivable (948) (6,847)
Prepaid expenses, other current and non-current assets 520 1,090
Accounts payable, accrued expenses and other payables (588) (3,381)
Contract liabilities (1,039) (382)
Income tax payable (1,713) 15
Loss contingency 0 (95,250)
Other current and non-current liabilities (5,093) 1,055
Net cash flows from (used in) operating activities 101,128 (8,881)
Cash flow from (used in) investing activities:    
Purchases of intangible assets (5) 0
Purchases of property and equipment (291) (173)
Proceeds from disposal of property and equipment 2 0
Issuance of note receivable 0 (1,086)
Purchases of short-term investments (81,659) (47,465)
Sales of short-term investments 66,795 75,633
Net cash flows from (used in) investing activities (15,158) 26,909
Cash flow from (used in) financing activities:    
Dividends distributed to noncontrolling interests (320) 0
Net cash flows from (used in) financing activities: (320) 0
Net foreign exchange difference on cash and cash equivalents 90 (1,444)
Net increase in cash and cash equivalents 85,740 16,584
Cash and cash equivalents at beginning of period 206,911 217,352
Cash and cash equivalents at end of period 292,651 233,936
Cash paid during year for:    
Interest 9,977 0
Income taxes $ 10,211 $ 20
v3.24.3
Description of business
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Description of business Description of business
Background and nature of operations
DoubleDown Interactive Co., Ltd. (“DDI,” “we,” “us,” “our” or the “Company,” formerly known as The8Games Co., Ltd.) was incorporated in 2008 in Seoul, Korea as an interactive entertainment studio, focused on the development and publishing of casual games and mobile applications. DDI is a subsidiary of DoubleU Games Co., Ltd. (“DUG” or “DoubleU Games”), a Korean company and our controlling shareholder holding 67.1% of our outstanding shares. The remaining 32.9% of our outstanding shares are held by STIC Special Situation Private Equity Fund (“STIC”, 19.4%) and the remainder by other shareholders (13.5%). In 2017, DDI acquired DoubleDown Interactive, LLC (“DDI-US”) from International Gaming Technologies (“IGT”) for approximately $825 million. DDI-US, with its principal place of business located in Seattle, Washington, is our primary revenue-generating entity.
We develop and publish digital gaming content on various mobile and web platforms through our multi-format interactive all-in-one game experience concept. We host DoubleDown Casino, DoubleDown Classic, and DoubleDown Fort Knox within various formats.
Acquisition of SuprNation AB
On October 31, 2023, the Company closed the acquisition of iGaming operator, SuprNation AB (“SuprNation”), for a total cash consideration €34.3 million (or approximately $36.5 million based on an exchange rate of €1 = $1.064 as of October 27, 2023). The acquisition diversifies the digital games categories that the Company addresses with the addition of three real-money iGaming sites in Western Europe. Following the closing, SuprNation AB is now a direct, wholly-owned subsidiary of DDI-US.
Basis of preparation and consolidation
Our unaudited condensed consolidated financial statements (“financial statements”) have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission regarding interim financial information. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations.
Our unaudited condensed consolidated financial statements include all adjustments of a normal, recurring nature necessary for the fair statement of the results for the interim periods presented. The results for the interim period presented are not necessarily indicative of those for the full year. The condensed consolidated financial statements should be read in conjunction with our consolidated financial statements for the year ended December 31, 2023.
The condensed consolidated financial statements include the balances and accounts of DDI and our controlled subsidiaries. All significant inter-company transactions, balances and unrealized gains or losses have been eliminated. We view our operations and manage our business as one operating segment.
Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures. We regularly evaluate estimates and assumptions related to provisions for income taxes, revenue recognition, expense accruals, deferred income tax asset valuation allowances, valuation of goodwill and intangibles, and legal contingencies. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and the actual results, future operating results may be affected.
Functional currency and translation of financial statements
Our functional currency is the Korean Won (“KRW”), and Euro (“EUR” or “€”) and the U.S. Dollar (“dollar,” “USD,” “US$,” or “$”) are the functional currencies of our subsidiaries in Europe and United States, respectively. The accompanying consolidated financial statements are presented in USD. The consolidated balance sheets have been translated at the exchange rates prevailing at each balance sheet date. The consolidated statement of comprehensive income and statement of cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. The equity capital is denominated in the functional currency, KRW, and is translated at historical exchange rates. All translation adjustments resulting from translating into the reporting currency are accumulated as a separate component of accumulated other comprehensive income in shareholders’ equity. Gains or losses resulting from foreign currency transactions are included in other income (expense).
Intercompany monetary items denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date with the gain or loss arising on translation recorded to other income (expense). Intercompany non-monetary items that are measured at historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions.
Cash and cash equivalents
We consider all money market funds and short-term investments with a maturity of three months or less when acquired to be cash and cash equivalents. Cash and cash equivalents are held by high credit quality financial institutions and balances may exceed limits of federal insurance. We have not experienced any losses resulting from these excess deposits.
Financial instruments and concentration of credit risk
Financial instruments, which potentially expose us to concentrations of credit risk, consist primarily of cash and cash equivalents, accounts receivable and short-term investments.
Accounts receivable are recorded and carried at the net invoiced amount, which is net of platform payment processing fees, unsecured, and represent amounts due to us based on contractual obligations where an executed contract exists. For our social-casino/free-to-play games, we generally do not require collateral and have not recognized an allowance as management estimates the net receivable is fully collectible. Apple, Inc. (“Apple”), Facebook, Inc. (“Facebook”), Google, LLC (“Google”), and Xsolla, Inc. (“Xsolla”) represent significant distribution, marketing, and payment platforms for our games. A substantial portion of our revenue was generated from players who accessed our games through these platforms and a significant concentration of our accounts receivable balance is comprised of balances owed to us by these platforms.
The following table summarizes the percentage of revenues and accounts receivable generated via our platform providers in excess of 10% of our total revenues and total accounts receivable:
Revenue Concentration
Three months ended September 30,Nine months ended September 30,
2024202320242023
Apple49.5 %56.5 %50.3 %55.7 %
Google15.3 %18.1 %15.9 %18.6 %
Facebook13.3 %16.2 %14.2 %17.2 %
Xsolla10.5 %7.1 %8.3 %6.4 %
Accounts Receivable Concentration
As of September 30,As of December 31,
20242023
Apple53.8 %59.3 %
Xsolla16.2 %11.3 %
Google8.6 %10.3 %
Facebook7.2 %9.9 %
v3.24.3
Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Our social and mobile apps operate on a free-to-play model, whereby game players may collect virtual currency free of charge through the passage of time or through targeted marketing promotions. If a game player wishes to obtain virtual currency above and beyond the level of free virtual currency available to that player, the player may purchase additional virtual currency. Once a purchase is completed, the virtual currency is deposited into the player’s account and is not separately identifiable from previously purchased virtual currency or virtual currency obtained by the game player for free.
Once obtained, virtual currency (either free or purchased) cannot be redeemed for cash nor exchanged for anything other than gameplay within our apps. When virtual currency is played on any of our games, the game player could “win” and would be awarded additional virtual currency or could “lose” and lose the future use of that virtual currency. We have concluded that our virtual currency represents consumable goods, because the game player does not receive any additional benefit from the games and is not entitled to any additional rights once the virtual currency is substantially consumed.
Control transfers when the virtual currency is consumed for gameplay. We recognize revenue from player purchases of virtual currency based on the consumption of this currency. We determined through a review of play behavior that game players generally do not purchase additional virtual currency until their existing virtual currency balances, regardless of source (e.g., bonus currency, gifted currency through social media channels, daily free chips, etc.), have been substantially consumed.
Based on an analysis of customers’ historical play behavior, purchase behavior, and the amount of virtual currency outstanding, we are able to estimate the rate that virtual currency is consumed during gameplay. Accordingly, revenue is recognized using a user-based revenue model with the period between purchases representing the timing difference between virtual currency purchase and consumption. This timing difference is relatively short.
We continuously gather and analyze detailed customer play behavior and assess this data in relation to our judgments used for revenue recognition.
We generate a small portion of our revenue from subscription services. All monthly subscription fees are prepaid and non-refundable for a one-month period and auto-renew until the end customer terminates the service with the platform provider the subscription services originated. The subscription revenue is recognized on a daily basis beginning on the original date of purchase and has no impact on a customer purchased virtual currency.
Disaggregation of revenue
We believe disaggregation of our revenue based on platform and geographical location are appropriate categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.
The following table represents our disaggregation of revenue between mobile and web platforms (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Mobile$55,376 $61,130 $176,954 $186,928 
Web27,605 11,853 82,406 38,838 
Total$82,981 $72,983 $259,360 $225,766 
The following table presents our revenue disaggregated based on the geographical location of our players (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
U.S.$65,147 $63,719 $205,275 $197,551 
Canada4,980 5,101 14,800 15,121 
United Kingdom6,133 572 19,287 1,708 
International-other (1)
6,721 3,591 19,998 11,386 
Total$82,981 $72,983 $259,360 $225,766 
(1)Geographic location is presented as "International-other" when location data is not available.
Principal-agent considerations
Our revenue contracts are with game players who are our customers. We have exclusive control over all content, pricing, and overall functionality of games accessed by players. Our games are played on various third-party platforms for which the platform providers collect proceeds from our customers and remit us an amount after deducting a fee for processing and other agency services. We record revenue at the gross amount charged to our customers and classify fees paid to platform providers (such as Apple, Facebook, and Google) within cost of revenue, contract assets, contract liabilities and other disclosures.
Contract assets, contract liabilities and other disclosures
Customer payments are based on the payment terms established in our contracts. Payments for purchase of virtual currency are required at time of purchase, are non-refundable and relate to non-cancellable contracts that specify our performance obligations. All payments are initially recorded as revenue, as the player has no right of return after the purchase, consistent with our standard terms and conditions. Based on our analysis, at each period end, we estimate the number of days to consume virtual currency. This represents the revenue amount where the performance obligation has not been met and is deferred as a contract liability until we satisfy the obligation. The contract asset consists of platform fees for which revenue has not been recognized.
The following table summarized our opening and closing balances in contract assets and contract liabilities (in thousands):
As of September 30,As of December 31,
20242023
Contract assets(1)
$445 $756 
Contract liabilities1,482 2,520 
(1)Contract assets are included within prepaid expenses and other assets in our consolidated balance sheet.
v3.24.3
Short-term investments
 9 Months Ended
Sep. 30, 2024
Short-Term Investments [Abstract]  
Short-term investments Short-term investments The Company holds investments in marketable securities with the intention of selling these investments within a relatively short period of time (3-6 months). As such, gains or losses from holding or trading these securities were recognized in the Statements of Income. At September 30, 2024, short term investments comprised of fixed time deposits classified as trading.
v3.24.3
Goodwill and intangible assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
There were no changes to the carrying amount of goodwill in the nine months ended September 30, 2024. We recognized an aggregate $269.9 million impairment of goodwill and intangibles in 2022. Changes in the carrying amount of intangible assets were as follows (in thousands):
Useful lifeSeptember 30, 2024December 31, 2023
Gross amountAccumulated
amortization 		Impairment Net amountGross amountAccumulated
amortization 		Impairment Net amount
Goodwillindefinite$651,780 $— $(254,893)$396,887 $651,597 $— $(254,893)$396,704 
Trademarksindefinite50,000 — (15,000)35,000 50,000 — (15,000)35,000 
Customer relationships4 years84,377 (77,149)— 7,228 84,271 (75,387)— 8,884 
Purchased technology
5-10 years
52,803 (46,100)— 6,703 52,707 (45,544)— 7,163 
Development costs3 years9,486 (9,486)— — 9,486 (9,486)— — 
Software
4-5 years
2,977 (2,531)— 446 2,968 (2,444)— 524 
Total$851,423 $(135,266)$(269,893)$446,264 $851,029 $(132,861)$(269,893)$448,275 
The following reflects amortization expense related to intangible assets included with depreciation and amortization (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Amortization Expense$788.0 $4.2 $2,337.7 $12.5 
v3.24.3
Debt
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Debt Debt
The components of debt at September 30, 2024 and December 31, 2023 are as follows (in thousands):
As of September 30,As of December 31,
20242023
4.60% Senior Notes due to related party due 2026
$37,890 $38,778 
Total debt37,890 38,778 
Less: Short-term debt— 38,778 
Total Long-term debt$37,890 $— 
4.60% Senior Notes due to related party due 2026
The 4.60% Senior Notes due to related party, which in aggregate total KRW100 billion at inception, accrue 4.60% interest quarterly on the outstanding principal amount until maturity. Accrued interest and outstanding principal, after deducting any voluntary repayments, are due in full at maturity (May 27, 2026).
Voluntary principal and interest payments were made in June and September 2020. Principal of KRW20 billion and interest of KRW1.2 billion were paid in June 2020 and principal of KRW30 billion and interest of KRW3.1 billion were paid in September 2020. In May 2024, a voluntary interest payment of KRW13.2 billion was made, and the maturity of the remaining outstanding principal amount under the 4.60% Senior Notes was extended by two years to May 27, 2026.
v3.24.3
Fair value measurements
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Fair value measurements Fair value measurements
The carrying values of our accounts receivable, prepaid expenses and other current assets, accounts payable, accrued liabilities and short-term borrowings approximate their fair values due to the short-term nature of these instruments.
Our cash equivalents (Level 1 of fair value hierarchy) consist of money market funds and Korean government bonds totaling $292.7 million, and short-term investments (Level 2 of fair value hierarchy) comprised of fixed time or certificates of deposit with maturity periods greater than 90 days totaling $80.0 million as of September 30, 2024. As of December 31, 2023, our cash equivalents (Level 1 of fair value hierarchy) consisted of money market funds and Korean government bonds totaling $206.9 million, and short-term investments (Level 2 of fair value hierarchy) comprised of fixed time or certificates of deposit with maturity periods greater than 90 days totaling $67.8 million. We rely on credit market data to track interest rates for other entities with similar risk profiles.
We record all debt at inception at fair value. We perform subsequent analysis on available data to evaluate the fair value of our borrowing as of the balance sheet date. We rely on credit market data to track interest rates for other entities with similar risk profiles. As of September 30, 2024, the fair value of our senior notes (a Level 3 estimate) was approximately $1.5 million lower than face value.
v3.24.3
Income taxes
 9 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Income taxes Income taxes
We are subject to federal and state income taxes in Korea, the United States, Malta and Sweden. We account for our provision for income taxes in accordance with ASC 740, Income Taxes, which requires an estimate of the annual effective tax rate for the full year to be applied to the interim period, taking into account year-to-date amounts and projected results for the full year.
Our effective tax rate varies from the statutory Korean income tax rate due to the effect of foreign rate differential, withholding taxes, state and local income taxes, notional interest deduction, FDII deduction, and valuation allowances on deferred tax assets in certain jurisdictions. Our effective tax rate could fluctuate significantly from quarter to quarter based on variations in the estimated and actual level of pre-tax income or loss by jurisdiction, changes in enacted tax laws and regulations, and changes in estimates regarding non-deductible expenses and tax credits. As of September 30, 2024, and December 31, 2023, we have provided a valuation allowance against our net deferred tax assets that we believe, based on the weight of available evidence, are not more likely than not to be realized.
The income tax expense of $26.2 million for the nine months ended September 30, 2024, reflects an effective tax rate of 22.8% which is equivalent to the effective tax rate of 22.8% for the nine months ended September 30, 2023.
The effective tax rate of 22.8% for the nine months ended September 30, 2024, is higher than the Korean statutory rate of 19%, primarily due to foreign rate differential and state taxes.
v3.24.3
Net income per share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net income per share Net income per share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. Diluted net income per share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. There were no potentially dilutive securities outstanding in either period presented.
v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
We are a lessee for corporate office spaces in Seattle, Washington, Swieqi, Malta and Seoul, Korea. The lessor for our Seoul, Korea leases is our controlling shareholder, DoubleU Games (see Note 12). Except for our Malta office lease which was extended in October 2024, as of September 30, 2024, our leases have remaining terms of 25 to 69 months. We do not have any finance leases. Our total variable and short-term lease payments are immaterial for all periods presented.
The Seattle, Washington lease originated in July 2012 and consists of 13,219 square feet. The lease was extended by amendment in May 2024 and will expire in June 2030.
The Swieqi, Malta office lease was assumed as part of the SuprNation acquisition in October 2023 and consists of 4,770 square feet. The original lease was going to expire in October 2024 and was subsequently extended by amendment in October 2024 and will expire in October 2026.
In September 2023, we executed a new sublease with our controlling shareholder, DUG, for 15,673 square feet of office space in Gangnam-gu, Seoul, Korea. The lease term commenced in October 2023, and will expire in September 2028.
Supplemental balance sheet and cash flow information related to operating leases is as follows (in thousands):
 As of September 30, 2024As of December 31, 2023
Total operating lease right-of-use asset, net$4,450 $7,130 
Short-term operating lease liabilities917 3,157 
Long-term operating lease liabilities3,753 4,420 
Total operating lease liabilities$4,670 $7,577 
Operating lease costs$1,805 $3,201 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine months endedNine months ended
September 30, 2024September 30, 2023
Cash paid for amounts included in the measurement of operating lease liabilities$1,793 $2,547 
Right-of-use assets obtained in exchange for new lease obligations$— $— 
Net decrease to operating lease ROU assets resulting from remeasurements of lease obligations$1,050 $— 
v3.24.3
Accumulated other comprehensive income
 9 Months Ended
Sep. 30, 2024
Statement of Other Comprehensive Income [Abstract]  
Accumulated other comprehensive income Accumulated other comprehensive income
Changes in accumulated other comprehensive income (AOCI) by component for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands):
Three months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2024$16,908 $(1,922)$14,986 
Foreign currency translation gain/(loss), net of tax4,165 — 4,165 
Actuarial gain/(loss), net of tax— 102 102 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Nine months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2024$22,011 $(2,029)$19,982 
Foreign currency translation gain/(loss), net of tax(937)— (937)
Actuarial gain/(loss), net of tax— 208 208 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Three months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2023$19,444 $(1,540)$17,904 
Foreign currency translation gain/(loss), net of tax(1,821)— (1,821)
Actuarial gain/(loss), net of tax— (48)(48)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
Nine months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2023$20,792 $(1,432)$19,360 
Foreign currency translation gain/(loss), net of tax(3,168)— (3,168)
Actuarial gain/(loss), net of tax— (156)(156)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
We do not tax effect foreign currency translation gain/(loss) because we have determined such gain/(loss) is permanently reinvested and actuarial gain/(loss) is not tax effected due to a valuation allowance applied to our deferred tax assets.
v3.24.3
Commitments and contingencies
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies Commitments and contingencies
Legal contingencies
On April 12, 2018, a class-action lawsuit was filed against DDI-US demanding a return of unfair benefit under the pretext that the Company’s social casino games are not legal in the State of Washington, United States. On August 29, 2022, DDI-US entered into an agreement in principle to settle the aforementioned case and associated proceedings, pursuant to which, among other things, DDI-US would contribute $145.25 million to the settlement fund. This agreement in principle received final court approval with the final contribution to the settlement fund made in June 2023. The Company recorded an accrual of $95.25 million for the year ended December 31, 2022, which was subsequently settled via a $95.25 million cash payment in the second quarter of 2023.
Publishing and license agreements
DoubleU Games
We entered into the DoubleU Games License Agreement on March 7, 2018, and it was subsequently amended on July 1, 2019 and November 27, 2019. In March 2023, we, through DDI-US, entered into a new Game License Agreement with DoubleU Games with effect from January 1, 2023, which supersedes the prior DoubleU Games License Agreement. Pursuant to the new Game License Agreement, DoubleU Games grants us, through DDI-US, a non-exclusive and worldwide license to service and distribute certain DoubleU Games social casino game titles and sequels thereto in the social online game field of use. We are obligated to pay a royalty license fee equal to a certain fixed percentage of the net sales of the licensed game titles to DoubleU Games in connection with these rights. As of September 30, 2024, we licensed approximately 49 game titles under the terms of this agreement.
In October 2023, we, through DDI-US, entered into a Game Development Services Agreement with DoubleUGames, pursuant to which DDI-US will pay service fees to DoubleU Games for certain game maintenance services and product planning and user analysis services provided by DoubleU Games. We incurred total service fees of $3.5 million for the nine months ended September 30, 2024.
International Gaming Technologies (“IGT”)
In 2017, we entered into a Game Development, Distribution, and Services agreement with IGT, and it was subsequently amended on January 1, 2019. Under the terms of the agreement, IGT will deliver game assets so that we can port (a process of converting the assets into functioning slot games by platform) the technology for inclusion in our gaming apps. The agreement includes game assets that are used to create new games. Under the agreement, we pay IGT a royalty rate of 7.5% of revenue for their proprietary assets and 15% of revenue for third-party game asset types. We also pay a monthly fee for porting. The initial term of the agreement is ten (10) years with up to two additional five-year periods. Costs incurred in connection with this agreement for the three months ended September 30, 2024 and 2023 totaled $1.0 million and $1.5 million, respectively, and are recognized as a component of cost of revenue. Costs incurred in connection with this agreement for the nine months ended September 30, 2024 and 2023 totaled $3.4 million and $5.4 million, respectively, and are recognized as a component of cost of revenue.
v3.24.3
Related party transactions
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Related party transactions Related party transactions
Our related party transactions comprise of expenses for use of intellectual property, borrowings, and sublease previously described. We may also incur other expenses with related parties in the ordinary course of business, which are included in the consolidated financial statements.
The following is a summary of expenses charged by our controlling shareholder, DoubleU Games (in thousands):
Three months ended September 30,Nine months ended September 30,Statement of
Income and Comprehensive Income Line Item
2024202320242023
Royalty expense (see Note 11)$564 $513 $1,805 $1,963 Cost of revenue
Interest expense (see Note 5)425 442 1,268 1,323 Interest expense
Rent expense (see Note 9)277 308 935 932 General and administrative expense
Other expense1,339 41 3,658 176 General and administrative expense
Amounts due to our controlling shareholder, DUG, are as follows (in thousands):
At September 30,At December 31,Statement of Consolidated
Balance Sheet Line Item
20242023
4.6% Senior Notes due to related party due 2024
$— $38,778 Current portion of borrowings with related party
4.6% Senior Notes due to related party due 2026
37,890 — Long-term borrowing with related party
Royalties and other expenses1,503 1,618 A/P and accrued expenses
Short-term lease liability719 1,298 Short-term operating lease liabilities
Accrued interest on 4.6% Senior Notes with related party
— 9,501 Other current liabilities
Accrued interest on 4.6% Senior Notes with related party
605 — Other non-current liabilities
Long-term lease liability1,959 4,414 Long-term lease liabilities
v3.24.3
Defined benefit pension plan
 9 Months Ended
Sep. 30, 2024
Defined Benefit Pension Plan [Abstract]  
Defined benefit pension plan Defined benefit pension plan We operate a defined benefit pension plan under employment regulations in Korea. The plan services the employees located in Seoul and is a final wage-based pension plan, which provides a specified amount of pension benefit based on length of service. The total benefit obligation of $2.1 million and $4.4 million was included in other non-current liabilities as of September 30, 2024 and December 31, 2023, respectively, and the change in actuarial gains or losses, which is not significant, was included in other comprehensive income. The plan is funded.
v3.24.3
Acquisition
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisition Acquisition
Business Combination - SuprNation
On October 31, 2023, the Company completed its acquisition of SuprNation, a European i-Gaming operator, which is now a direct, wholly-owned subsidiary of DDI-US, for a total cash purchase price of $30.6 million. There was also a payment into escrow of $5.5 million and a deferred payment of up to $6.5 million, relating to a holdback amount to be calculated based on SuprNation’s performance and financial results 18 months following the transaction close date. The transaction is expected to enable the Company to expand into the i-Gaming market. The Company accounted for the acquisition as a business combination. Transaction costs incurred by the Company in connection with the acquisition, including professional fees, were $2.0 million.
Contemporaneously with entering into the definitive agreement, the Company also adopted an eighteen-month performance-based incentive plan for certain key employees of SuprNation, under which the key employees may earn up to a total of $6.5 million in addition to $5.5 million held in escrow, contingent upon the achievement of certain revenue and other performance targets by the acquired business and the continued employment of such key employees between 2023 and 2025. Such plan became effective at the closing of the transaction.
The Company’s consolidated statement of operations as of September 30, 2024, includes SuprNation’s revenue of $24.0 million and pre-tax loss of $2.7 million for the nine months ended September 30, 2024.
v3.24.3
Subsequent Events
 9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent events
On October 4, 2024, the Company entered into a Mutual Termination Agreement to terminate that certain Game Development Agreement previously entered into by and between the Company and DDI-US, with effect from August 31, 2024. Concurrently with the termination, the Company, through DDI-US, entered into a new Game Development Agreement with DoubleU Games, with effect from September 1, 2024. Pursuant to the new Game Development Agreement, DoubleU Games will develop certain social casino game software and titles for the Company, and the Company will pay DoubleU Games development fees equal to DoubleU Games’ development costs plus a certain percentage of such development costs. The initial term of the new Game Development Agreement is three years, subject to early termination or renewal.
v3.24.3
Description of business (Policies)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Basis of preparation and consolidation
Basis of preparation and consolidation
Our unaudited condensed consolidated financial statements (“financial statements”) have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission regarding interim financial information. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations.
Our unaudited condensed consolidated financial statements include all adjustments of a normal, recurring nature necessary for the fair statement of the results for the interim periods presented. The results for the interim period presented are not necessarily indicative of those for the full year. The condensed consolidated financial statements should be read in conjunction with our consolidated financial statements for the year ended December 31, 2023.
The condensed consolidated financial statements include the balances and accounts of DDI and our controlled subsidiaries. All significant inter-company transactions, balances and unrealized gains or losses have been eliminated. We view our operations and manage our business as one operating segment.
Use of estimates
Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures. We regularly evaluate estimates and assumptions related to provisions for income taxes, revenue recognition, expense accruals, deferred income tax asset valuation allowances, valuation of goodwill and intangibles, and legal contingencies. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and the actual results, future operating results may be affected.
Functional currency and translation of financial statements
Functional currency and translation of financial statements
Our functional currency is the Korean Won (“KRW”), and Euro (“EUR” or “€”) and the U.S. Dollar (“dollar,” “USD,” “US$,” or “$”) are the functional currencies of our subsidiaries in Europe and United States, respectively. The accompanying consolidated financial statements are presented in USD. The consolidated balance sheets have been translated at the exchange rates prevailing at each balance sheet date. The consolidated statement of comprehensive income and statement of cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. The equity capital is denominated in the functional currency, KRW, and is translated at historical exchange rates. All translation adjustments resulting from translating into the reporting currency are accumulated as a separate component of accumulated other comprehensive income in shareholders’ equity. Gains or losses resulting from foreign currency transactions are included in other income (expense).
Intercompany monetary items denominated in foreign currencies are translated into the functional currency at the exchange rate at the reporting date with the gain or loss arising on translation recorded to other income (expense). Intercompany non-monetary items that are measured at historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions.
Cash and cash equivalents
Cash and cash equivalents
We consider all money market funds and short-term investments with a maturity of three months or less when acquired to be cash and cash equivalents. Cash and cash equivalents are held by high credit quality financial institutions and balances may exceed limits of federal insurance. We have not experienced any losses resulting from these excess deposits.
Financial instruments and concentration of credit risk
Financial instruments and concentration of credit risk
Financial instruments, which potentially expose us to concentrations of credit risk, consist primarily of cash and cash equivalents, accounts receivable and short-term investments.
Accounts receivable are recorded and carried at the net invoiced amount, which is net of platform payment processing fees, unsecured, and represent amounts due to us based on contractual obligations where an executed contract exists. For our social-casino/free-to-play games, we generally do not require collateral and have not recognized an allowance as management estimates the net receivable is fully collectible. Apple, Inc. (“Apple”), Facebook, Inc. (“Facebook”), Google, LLC (“Google”), and Xsolla, Inc. (“Xsolla”) represent significant distribution, marketing, and payment platforms for our games. A substantial portion of our revenue was generated from players who accessed our games through these platforms and a significant concentration of our accounts receivable balance is comprised of balances owed to us by these platforms.
v3.24.3
Description of business (Tables)
 9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Summary of Revenue by Major Customers
The following table summarizes the percentage of revenues and accounts receivable generated via our platform providers in excess of 10% of our total revenues and total accounts receivable:
Revenue Concentration
Three months ended September 30,Nine months ended September 30,
2024202320242023
Apple49.5 %56.5 %50.3 %55.7 %
Google15.3 %18.1 %15.9 %18.6 %
Facebook13.3 %16.2 %14.2 %17.2 %
Xsolla10.5 %7.1 %8.3 %6.4 %
Schedule of Concentration of Risk, by Risk Factor
Accounts Receivable Concentration
As of September 30,As of December 31,
20242023
Apple53.8 %59.3 %
Xsolla16.2 %11.3 %
Google8.6 %10.3 %
Facebook7.2 %9.9 %
v3.24.3
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue
The following table represents our disaggregation of revenue between mobile and web platforms (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Mobile$55,376 $61,130 $176,954 $186,928 
Web27,605 11,853 82,406 38,838 
Total$82,981 $72,983 $259,360 $225,766 
The following table presents our revenue disaggregated based on the geographical location of our players (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
U.S.$65,147 $63,719 $205,275 $197,551 
Canada4,980 5,101 14,800 15,121 
United Kingdom6,133 572 19,287 1,708 
International-other (1)
6,721 3,591 19,998 11,386 
Total$82,981 $72,983 $259,360 $225,766 
(1)Geographic location is presented as "International-other" when location data is not available.
Summary of Contract Assets and Liabilities
The following table summarized our opening and closing balances in contract assets and contract liabilities (in thousands):
As of September 30,As of December 31,
20242023
Contract assets(1)
$445 $756 
Contract liabilities1,482 2,520 
(1)Contract assets are included within prepaid expenses and other assets in our consolidated balance sheet.
v3.24.3
Goodwill and intangible assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Intangible Assets Changes in the carrying amount of intangible assets were as follows (in thousands):
Useful lifeSeptember 30, 2024December 31, 2023
Gross amountAccumulated
amortization 		Impairment Net amountGross amountAccumulated
amortization 		Impairment Net amount
Goodwillindefinite$651,780 $— $(254,893)$396,887 $651,597 $— $(254,893)$396,704 
Trademarksindefinite50,000 — (15,000)35,000 50,000 — (15,000)35,000 
Customer relationships4 years84,377 (77,149)— 7,228 84,271 (75,387)— 8,884 
Purchased technology
5-10 years
52,803 (46,100)— 6,703 52,707 (45,544)— 7,163 
Development costs3 years9,486 (9,486)— — 9,486 (9,486)— — 
Software
4-5 years
2,977 (2,531)— 446 2,968 (2,444)— 524 
Total$851,423 $(135,266)$(269,893)$446,264 $851,029 $(132,861)$(269,893)$448,275 
Summary of Amortization Expense Related to Intangible Assets
The following reflects amortization expense related to intangible assets included with depreciation and amortization (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Amortization Expense$788.0 $4.2 $2,337.7 $12.5 
v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Debt
The components of debt at September 30, 2024 and December 31, 2023 are as follows (in thousands):
As of September 30,As of December 31,
20242023
4.60% Senior Notes due to related party due 2026
$37,890 $38,778 
Total debt37,890 38,778 
Less: Short-term debt— 38,778 
Total Long-term debt$37,890 $— 
v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of Cash Flow Information Related to Operating Leases
Supplemental balance sheet and cash flow information related to operating leases is as follows (in thousands):
 As of September 30, 2024As of December 31, 2023
Total operating lease right-of-use asset, net$4,450 $7,130 
Short-term operating lease liabilities917 3,157 
Long-term operating lease liabilities3,753 4,420 
Total operating lease liabilities$4,670 $7,577 
Operating lease costs$1,805 $3,201 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine months endedNine months ended
September 30, 2024September 30, 2023
Cash paid for amounts included in the measurement of operating lease liabilities$1,793 $2,547 
Right-of-use assets obtained in exchange for new lease obligations$— $— 
Net decrease to operating lease ROU assets resulting from remeasurements of lease obligations$1,050 $— 
v3.24.3
Accumulated other comprehensive income (Tables)
 9 Months Ended
Sep. 30, 2024
Statement of Other Comprehensive Income [Abstract]  
Summary of Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive income (AOCI) by component for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands):
Three months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2024$16,908 $(1,922)$14,986 
Foreign currency translation gain/(loss), net of tax4,165 — 4,165 
Actuarial gain/(loss), net of tax— 102 102 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Nine months ended September 30, 2024
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2024$22,011 $(2,029)$19,982 
Foreign currency translation gain/(loss), net of tax(937)— (937)
Actuarial gain/(loss), net of tax— 208 208 
Balance as of September 30, 2024$21,073 $(1,821)$19,253 
Three months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at July 1, 2023$19,444 $(1,540)$17,904 
Foreign currency translation gain/(loss), net of tax(1,821)— (1,821)
Actuarial gain/(loss), net of tax— (48)(48)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
Nine months ended September 30, 2023
Currency Translation
Adjustments
Defined Benefit
Pension Plan
Total
Balance at January 1, 2023$20,792 $(1,432)$19,360 
Foreign currency translation gain/(loss), net of tax(3,168)— (3,168)
Actuarial gain/(loss), net of tax— (156)(156)
Balance as of September 30, 2023$17,624 $(1,588)$16,036 
v3.24.3
Related party transactions (Tables)
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Summary of Expenses Charged by Controlling Shareholder
The following is a summary of expenses charged by our controlling shareholder, DoubleU Games (in thousands):
Three months ended September 30,Nine months ended September 30,Statement of
Income and Comprehensive Income Line Item
2024202320242023
Royalty expense (see Note 11)$564 $513 $1,805 $1,963 Cost of revenue
Interest expense (see Note 5)425 442 1,268 1,323 Interest expense
Rent expense (see Note 9)277 308 935 932 General and administrative expense
Other expense1,339 41 3,658 176 General and administrative expense
Summary of Amounts Due to our Controlling Shareholder
Amounts due to our controlling shareholder, DUG, are as follows (in thousands):
At September 30,At December 31,Statement of Consolidated
Balance Sheet Line Item
20242023
4.6% Senior Notes due to related party due 2024
$— $38,778 Current portion of borrowings with related party
4.6% Senior Notes due to related party due 2026
37,890 — Long-term borrowing with related party
Royalties and other expenses1,503 1,618 A/P and accrued expenses
Short-term lease liability719 1,298 Short-term operating lease liabilities
Accrued interest on 4.6% Senior Notes with related party
— 9,501 Other current liabilities
Accrued interest on 4.6% Senior Notes with related party
605 — Other non-current liabilities
Long-term lease liability1,959 4,414 Long-term lease liabilities
v3.24.3
Description of business - Additional Information (Details)
€ in Millions, $ in Millions
 9 Months Ended 12 Months Ended
Oct. 31, 2023
EUR (€)
Oct. 27, 2023
USD ($)
Sep. 30, 2024
segment
Dec. 31, 2017
USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Foreign currency exchange rate, translation   1.064    
Number of operating segments | segment     1  
SuprNation        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Purchase price € 34.3 $ 36.5    
DoubleU Games Co., Ltd. | Equity Investee        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Equity interest, ownership percentage     67.10%  
Non-DoubleU Games, Co., Ltd.        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Minority interest, ownership percentage     32.90%  
STIC Special Situation Private Equity Fund        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Minority interest, ownership percentage     19.40%  
Participants in IPO        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Minority interest, ownership percentage     13.50%  
International Gaming Technologies        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Purchase price | $       $ 825.0
v3.24.3
Description of business - Summary of Percentage of Revenues (Details) - Customer Concentration Risk
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Revenue Concentration | Apple          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage 49.50% 56.50% 50.30% 55.70%  
Revenue Concentration | Facebook          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage 10.50% 7.10% 8.30% 6.40%  
Revenue Concentration | Google          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage 15.30% 18.10% 15.90% 18.60%  
Revenue Concentration | Xsolla          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage 13.30% 16.20% 14.20% 17.20%  
Accounts Receivable Concentration | Apple          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage     53.80%   59.30%
Accounts Receivable Concentration | Facebook          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage     16.20%   11.30%
Accounts Receivable Concentration | Google          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage     8.60%   10.30%
Accounts Receivable Concentration | Xsolla          
Revenue, Major Customer [Line Items]          
Concentration risk, percentage     7.20%   9.90%
v3.24.3
Revenue from Contracts with Customers - Additional Information (Details)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Subscription services, term 1 month
v3.24.3
Revenue from Contracts with Customers - Summary of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 82,981 $ 72,983 $ 259,360 $ 225,766
U.S.        
Disaggregation of Revenue [Line Items]        
Revenue 65,147 63,719 205,275 197,551
Canada        
Disaggregation of Revenue [Line Items]        
Revenue 4,980 5,101 14,800 15,121
United Kingdom        
Disaggregation of Revenue [Line Items]        
Revenue 6,133 572 19,287 1,708
International-other        
Disaggregation of Revenue [Line Items]        
Revenue 6,721 3,591 19,998 11,386
Mobile        
Disaggregation of Revenue [Line Items]        
Revenue 55,376 61,130 176,954 186,928
Web        
Disaggregation of Revenue [Line Items]        
Revenue $ 27,605 $ 11,853 $ 82,406 $ 38,838
v3.24.3
Revenue from Contracts with Customers - Summary of Contract Assets and Contract Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Contract With Customer Asset And Liability [Line Items]    
Contract liabilities $ 1,482 $ 2,520
Prepaid Expenses And Other Assets    
Contract With Customer Asset And Liability [Line Items]    
Contract assets $ 445 $ 756
v3.24.3
Goodwill and intangible assets - Additional Information (Details) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]    
Goodwill, period increase (decrease) $ 0  
Impairment of goodwill and intangibles   $ 269,900,000
v3.24.3
Goodwill and intangible assets - Summary of Goodwill and Intangible Assets (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Goodwill, gross amount $ 651,780 $ 651,597
Goodwill, impairment loss (254,893) (254,893)
Goodwill, net amount 396,887 396,704
Finite-Lived Intangible Assets [Line Items]    
Accumulated amortization (135,266) (132,861)
Intangible Assets, Net (Including Goodwill) [Abstract]    
Total goodwill and intangible assets, gross 851,423 851,029
Accumulated amortization (135,266) (132,861)
Impairment (269,893) (269,893)
Total goodwill and intangible assets, net 446,264 448,275
Trademarks    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets, gross amount 50,000 50,000
Impairment (15,000) (15,000)
Intangible assets, net $ 35,000 35,000
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 4 years  
Intangible assets, gross amount $ 84,377 84,271
Accumulated amortization (77,149) (75,387)
Intangible assets, net amount 7,228 8,884
Intangible Assets, Net (Including Goodwill) [Abstract]    
Accumulated amortization (77,149) (75,387)
Purchased technology    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, gross amount 52,803 52,707
Accumulated amortization (46,100) (45,544)
Intangible assets, net amount 6,703 7,163
Intangible Assets, Net (Including Goodwill) [Abstract]    
Accumulated amortization $ (46,100) (45,544)
Purchased technology | Minimum    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 5 years  
Purchased technology | Maximum    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 10 years  
Development costs    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 3 years  
Intangible assets, gross amount $ 9,486 9,486
Accumulated amortization (9,486) (9,486)
Intangible assets, net amount 0 0
Intangible Assets, Net (Including Goodwill) [Abstract]    
Accumulated amortization (9,486) (9,486)
Software    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, gross amount 2,977 2,968
Accumulated amortization (2,531) (2,444)
Intangible assets, net amount 446 524
Intangible Assets, Net (Including Goodwill) [Abstract]    
Accumulated amortization $ (2,531) $ (2,444)
Software | Minimum    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 4 years  
Software | Maximum    
Finite-Lived Intangible Assets [Line Items]    
Useful life (in years) 5 years  
v3.24.3
Goodwill and intangible assets - Summary of Amortization Expense Related to Intangible Assets (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 788,000.0 $ 4,200 $ 2,337,700 $ 12,500
v3.24.3
Debt - Summary of Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Long-term debt $ 37,890 $ 38,778
Less: Short-term debt [1] 0 38,778
Total Long-term debt [2] $ 37,890 0
4.6% Senior Notes due to related party due 2024    
Debt Instrument [Line Items]    
Interest rate, percent 4.60%  
Long-term debt $ 37,890 $ 38,778
[1] Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
v3.24.3
Debt - Additional Information (Details) - 4.6% Senior Notes due to related party due 2024 - KRW (₩)
₩ in Billions
 1 Months Ended
May 31, 2024
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2024
Debt Instrument [Line Items]        
Interest rate, percent       4.60%
Related Party        
Debt Instrument [Line Items]        
Interest rate, percent       4.60%
Principal paid   ₩ 30.0 ₩ 20.0  
Interest paid ₩ 13.2 ₩ 3.1 ₩ 1.2  
Extended term (in years) 2 years      
Stic | Related Party        
Debt Instrument [Line Items]        
Debt instrument face amount       ₩ 100.0
v3.24.3
Fair value measurements - Additional Information (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Fixed time or certificates of deposit, maturity (in days) 90 days  
Short-term investments $ 80,000 $ 67,756
Fair Value, Inputs, Level 3 | Senior Notes    
Amount by which the fair value of debt exceeds the carrying value 1,500  
Money Market Funds and Korean Market Government Bonds    
Cash equivalents, carrying value 292,700 206,900
Money Market Funds | Fair Value, Inputs, Level 2    
Short-term investments $ 80,000 $ 67,800
v3.24.3
Income taxes - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Tax Disclosure [Abstract]        
Income tax (expense) benefit $ 8,794 $ 7,796 $ 26,161 $ 22,116
Effective income tax rate reconciliation percentage     22.80% 22.80%
Effective income tax rate reconciliation at federal statutory income tax rate     19.00%  
v3.24.3
Net income per share - Additional Information (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Earnings Per Share [Abstract]        
Dilutive securities $ 0 $ 0 $ 0 $ 0
v3.24.3
Leases - Additional Information (Details) - ft²
Sep. 30, 2024
Oct. 31, 2023
Sep. 30, 2023
Jul. 31, 2012
Minimum        
Lessee, operating lease, remaining lease term (in months) 25 years      
Maximum        
Lessee, operating lease, remaining lease term (in months) 69 months      
Seattle        
Area of land (in square feet)       13,219,000
Malta        
Area of land (in square feet)   4,770,000    
Gangnamgu        
Area of land (in square feet)     15,673,000  
v3.24.3
Leases - Summary of Cash Flow Information Related to Operating Leases (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Leases [Abstract]      
Operating lease right-of-use assets, net $ 4,450   $ 7,130
Short-term operating lease liabilities [1] 917   3,157
Long-term operating lease liabilities [2] 3,753   4,420
Total operating lease liabilities 4,670   7,577
Operating lease costs 1,805   $ 3,201
Cash paid for amounts included in the measurement of operating lease liabilities 1,793 $ 2,547  
Right-of-use assets obtained in exchange for new lease obligations 0 0  
Net decrease to operating lease ROU assets resulting from remeasurements of lease obligations $ 1,050 $ 0  
[1] Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
v3.24.3
Accumulated other comprehensive income - Summary of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance, beginning of period $ 14,986 $ 17,904 $ 19,982 $ 19,360
Foreign currency translation gain/(loss), net of tax 4,165 (1,821) (937) (3,168)
Actuarial gain/(loss), net of tax 102 (48) 208 (156)
Balance, end of period 19,253 16,036 19,253 16,036
Currency Translation Adjustments        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance, beginning of period 16,908 19,444 22,011 20,792
Foreign currency translation gain/(loss), net of tax 4,165 (1,821) (937) (3,168)
Balance, end of period 21,073 17,624 21,073 17,624
Defined Benefit Pension Plan        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance, beginning of period (1,922) (1,540) (2,029) (1,432)
Actuarial gain/(loss), net of tax 102 (48) 208 (156)
Balance, end of period $ (1,821) $ (1,588) $ (1,821) $ (1,588)
v3.24.3
Commitments and contingencies - Additional Information (Details)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 29, 2022
USD ($)
Sep. 30, 2024
USD ($)
titles
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
titles
period
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Loss contingency accrual, payments       $ 95,250      
Purchase commitment, number of additional optional periods | period         2    
Optional purchase commitment, term (in years)         5 years    
International Gaming Technologies              
Purchase commitment, term (in years)         10 years    
Cost of revenue   $ 1,000 $ 1,500   $ 3,400 $ 5,400  
International Gaming Technologies | Proprietary Assets              
Percentage of royalty on revenue   7.50%     7.50%    
International Gaming Technologies | Third Party Game Asset Types              
Percentage of royalty on revenue   15.00%     15.00%    
Maximum              
Litigation settlement, amount awarded to other party $ 145,250            
Loss contingency accrual, payments             $ 95,250
DoubleU Games License Agreement              
Number of titled games | titles   49     49    
Game Development And Services Agreement With Double U Games              
Services fees for game maintenance and product planning         $ 3,500    
v3.24.3
Related party transactions - Summary of Expenses Charged by Controlling Shareholder (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Related Party Transaction [Line Items]        
Interest expense [1] $ 457 $ 443 $ 1,292 $ 1,341
Cost of revenue        
Related Party Transaction [Line Items]        
Royalty expense 564 513 1,805 1,963
Interest expense        
Related Party Transaction [Line Items]        
Interest expense 425 442 1,268 1,323
General and administrative expense        
Related Party Transaction [Line Items]        
Rent expense 277 308 935 932
Other expense $ 1,339 $ 41 $ 3,658 $ 176
[1] Includes related party interest expense of $425 and $442 for the three months ended September 30, 2024 and 2023, respectively, and $1,268 and $1,323 for the nine months ended September 30, 2024 and 2023, respectively (see Note 12).
v3.24.3
Related party transactions - Summary of Amounts Due to Controlling Shareholder (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Schedule of related Party transactions due to our parent [Line Items]    
Current portion of borrowings with related party [1] $ 0 $ 38,778
Long-term borrowings with related party [2] 37,890 0
Accounts payable and accrued expenses [3] 13,203 13,293
Short-term lease liability [4] 917 3,157
Other current liabilities [5] 3,728 10,645
Other non-current liabilities [6] 2,668 1,681
Long-term lease liability [7] $ 3,753 4,420
4.6% Senior Notes due to related party due 2024    
Schedule of related Party transactions due to our parent [Line Items]    
Interest rate, percent 4.60%  
Related Party    
Schedule of related Party transactions due to our parent [Line Items]    
Current portion of borrowings with related party $ 0 38,778
Long-term borrowings with related party 37,890 0
Accounts payable and accrued expenses 1,503 1,618
Short-term lease liability 719 1,298
Other current liabilities 0 9,501
Other non-current liabilities 605 0
Long-term lease liability $ 1,959 $ 4,414
Related Party | 4.6% Senior Notes due to related party due 2024    
Schedule of related Party transactions due to our parent [Line Items]    
Interest rate, percent 4.60%  
Related Party | 4.6% Senior Notes due to related party due 2026    
Schedule of related Party transactions due to our parent [Line Items]    
Interest rate, percent 4.60%  
[1] Includes related party notes payable of $0 and $38,778 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[2] Includes related party notes payable of $37,890 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[3] Includes related party royalty and other payables of $1,503 and $1,618 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[4] Includes related party operating lease liability of $719 and $1,298 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[5] Includes related party interest payable of $0 and $9,501 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[6] Includes related party interest payable of $605 and $0 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
[7] Includes related party operating lease liability of $1,959 and $4,414 at September 30, 2024 and December 31, 2023, respectively (see Note 12).
v3.24.3
Defined benefit pension Plan - Additional Information (Details) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Defined Benefit Pension Plan [Abstract]    
Total benefit obligation $ 2.1 $ 4.4
v3.24.3
Acquisition - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Business Acquisition [Line Items]          
Revenue   $ 82,981 $ 72,983 $ 259,360 $ 225,766
Income (loss) before tax   $ 33,937 $ 34,726 114,930 $ 97,075
SuprNation          
Business Acquisition [Line Items]          
Total cash purchase price $ 30,600        
Consideration transferred, escrow 5,500        
Contingent consideration liability $ 6,500        
Performance-based holdback, term (in months) 18 months        
Transaction costs $ 2,000        
Revenue       24,000  
Income (loss) before tax       $ (2,700)  
v3.24.3
Subsequent Events (Details)
Oct. 04, 2024
Subsequent Event  
Subsequent Event [Line Items]  
Game development agreement, term (in years) 3 years
DoubleDown Interactive (NASDAQ:DDI)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more DoubleDown Interactive Charts.
DoubleDown Interactive (NASDAQ:DDI)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more DoubleDown Interactive Charts.