GDEV Inc. (NASDAQ: GDEV) released its financial results for Q2 2025: Revenue increased by 13% year-over-year to $120 million, with a net profit of $17 million. Adjusted EBITDA was $22 million. The company maintains a strong cash position of $932 million for potential investments.

In Q2 2025, GDEV saw a rise in revenue fueled by in-app purchases, leading to a profit increase of $2 million. Platform commissions also increased by 10%. Game operation costs and selling/marketing expenses rose, resulting in a net profit of $17 million and an Adjusted EBITDA of $22 million.

For the first half of 2025, GDEV’s revenue increased by 2% to $217 million. The company recorded a profit of $31 million, with an Adjusted EBITDA of $38 million. Cash flows were negative $4 million due to a decrease in bookings and marketing expenses.

Bookings for Q2 and H1 2025 declined to $92 million and $173 million, respectively, primarily due to a drop in monthly paying users. The share of advertising sales decreased to 5.9%. The split of bookings by platform remained stable in H1 2025, with mobile share increasing in Q2.

GDEV is a gaming and entertainment company with a diverse portfolio. Its franchises, including Hero Wars and Pixel Gun 3D, have amassed over 550 million installs and $2.5 billion in bookings worldwide. The company focuses on creating engaging games for millions of players.

Read more at GlobeNewswire: GDEV announces results for the second quarter and first