Gdev Inc. · NASDAQ:GDEV

Gdev — Q3 2025 Earnings Presentation

11 slides from Gdev's earnings presentation, November 2025

  1. Slide 1: Q3 Financial Results

    Q3 2024 FINANCIAL RESULTS November 14, 2024 © GDEV 2025

  2. Slide 2: Disclaimer

    Disclaimer Forward-looking statements Presentation of Non-IFRS Financial Measures Certain statements in this presentation may constitute “forward-looking statements” In addition to the results provided in accordance with IFRS throughout this for purposes of U.S. federal securities laws. Such stateme

  3. Slide 3: Key operating metrics and financial measure used in the presentation

    Key operating metrics and financial measure used in the presentation Operating metrics Non-IFRS measure • Monthly Paying Users (MPUs) are the number of individuals who made a purchase Adjusted EBITDA. The Company defines Adjusted EBITDA as the profit/loss for the period, of a virtual item at least o

  4. Slide 4: Financial highlights

    Financial highlights Revenue, $MLN Total costs and expenses, excl. D&A, $MLN Other -9% -11% -9% 13% -12% 93 89 82 100 71 Platform commissions Selling and 19% 23% marketing 23% 24% expenses 26% 25% 29% 24% 111 120 25% 98 97 98 29% 55% 53% 52% 51% 42% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25

  5. Slide 5: Operating highlights

    Operating highlights Bookings, $MLN Monthly paying users, ‘000 Average bookings per paying user, $ -8% -11% -25% -14% -4% -16% -19% -26% -18% -16% 10% -10% 2% 5% 16% 93 94 92 314 312 107 90 292 102 284 93 81 263 92 90 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Source

  6. Slide 6: Diversification

    Diversification (1) By games By platforms By geography 3% 2% Pixel Gun 3D PC Other 3% 7% Island Hoppers Mobile 14% 15% Asia Hero Wars: Dominion Era Europe Hero Wars: Alliance 38% 41% US 41% 22% 19% 37% 30% 34% 62% 59% 53% 54% 34% 32% 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Source : Company Information (unaudi

  7. Slide 7: Appendix

    APPENDIX Q3 2025 Financial Results 7

  8. Slide 8: Unaudited Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income

    Unaudited Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (in thousands of US$) Source : Company Information (unaudited) 1) During the three and nine months e nded Se ptembe r 30, 2 024 losses for POCI loans were erroneously classified as Impairment los s on

  9. Slide 9: Unaudited Interim Condensed Consolidated Statement of Financial Position

    Unaudited Interim Condensed Consolidated Statement of Financial Position Source : Company Information (unaudited) Q3 2025 Financial Results 9

  10. Slide 10: Unaudited Interim Condensed Consolidated Statement of Cash Flows

    Unaudited Interim Condensed Consolidated Statement of Cash Flows (2,315) (12,217) Source : Company Information (unaudited) 10 Q3 2025 Financial Results

  11. Slide 11: Reconciliation of the profit/loss for the period to the Adjusted EBITDA

    Reconciliation of the profit/loss for the period to the Adjusted EBITDA US$ million Q3 2025 Q3 2024 Profit for the period, net of tax 24 15 Adjust for: Income tax expense 2 1 (1) Adjusted finance income (1) (2) Share of loss of equity-accounted (2) associates 3 1 Change in fair value of share warran

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