The Adjusted EBITDA decline was primarily due to lower revenue in the first quarter of 2023, with the higher Adjusted EBITDA margin primarily attributable to lower marketing expense for the same period. The Adjusted EBITDA margin increased to 32.8% for the first quarter of 2023, compared to an Adjusted EBITDA margin of 31.5% for the first quarter of 2022.

Adjusted EBITDA of $25.4 million for the first quarter of 2023 compared to $26.9 million for the first quarter of 2022.

Operating costs of $52.2 million in the first quarter of 2023, a decline from $60.8 million in the first quarter of 2022, primarily reflecting lower cost of revenue due to lower sales, and decreased marketing and amortization expense.Revenues of $77.6 million in the first quarter of 2023 compared to $85.5 million in the first quarter of 2022.

(NASDAQ: DDI) (“ DoubleDown” or the “ Company”), a leading developer and publisher of digital games on mobile and web-based platforms, today announced its unaudited financial results for the first quarter ended March 31, 2023.įirst Quarter 2023 vs. SEATTLE, (GLOBE NEWSWIRE) - DoubleDown Interactive Co., Ltd.

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