GDEV Inc. (GDEV) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and warm greetings from Cyprus. We are delighted to have you join us today as we present GDEV's third quarter 2024 earnings results. On today's call, our presenters will be Andrey Padeev, Founder and CEO, Alexander Karavaev, Chief Financial Officer, and me, Roman Safiulin, Chief Corporate Development Officer. Before we get started, I would like to remind you that today's discussion may contain forward-looking statements, which may not develop as we currently expect. We have posted a supplementary presentation at gdev.inc which contains information and precautionary warnings on forward-looking statements as well as our non-IFRS financial matters. For a more complete discussion of the risks and assertities, please see our filings with the SEC. Now let me hand it over to Andrey. Yes, I'm Andrey. Thank you, Roman. I greet everyone and especially our dear and respected analysts. Thank you for your work. Looking back on the third quarter, we see revenue growth compared to the prior quarter and exceeding analysts' expectation for both revenue and adjusted EBITDA. As you all know, we take a long-term perspective on our key products, focusing on unlocking their potential and fostering sustainable growth over quick wins. The gaming landscape continues to evolve rapidly. shaped by dynamic player preferences, shifting gameplay trends, and intensifying competition across the entertainment industry. And rather than concentrating on short-term enhancements with limited impact, our studios are moving toward implementing thoughtful long-term product changes aimed at fostering sustained growth and deeper player engagement. These updates span various aspects of our games, including car gameplay mechanics, meta progression, live operations, monetization models, marke...