GDEV Inc. Q1 2026 Financial and Operational Results

GDEV Inc. reported its unaudited financial and operational results for the three-month period ended March 31, 2026. Revenue increased by 2% year-over-year to $99 million, driven by in-app purchases. Selling and marketing expenses decreased by 13% to $37 million due to improved efficiency in user acquisition. Profit for the period, net of tax, rose to $17 million from $14 million in Q1 2025, and Adjusted EBITDA increased to $18 million from $16 million. Bookings grew by 2% to $83 million, primarily due to a higher Average Bookings Per Paying User (ABPPU), although Monthly Paying Users (MPU) saw a slight decrease. The company observed a shift in bookings towards mobile platforms (64%) from PC (36%) and a geographical shift with increased share from Europe and Other regions, while US and Asia saw a decrease. Cash flows from operating activities were $4 million, down from $6 million in the prior year.