GDEV : Q3 2025 Press release

About this update from Gdev Inc.

Exhibit 99.1 GDEV announces results for the third quarter and first nine months of 2025 November 24, 2025 - Limassol, Cyprus - GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its unaudited financial and operational results for the third quarter and first nine months ended September 30, 2025. Third quarter 2025 financial highlights: Revenue of $98 million decreased by 12% year-over-year. Selling and marketing expenses of $30 million decreased by 43% year-over-year. Profit for the period, net of tax, of $24 million in Q3 2025 increased vs. $15 million in Q3 2024. Adjusted EBITDA1 of $26 million in Q3 2025 increased vs. $17 million in Q3 2024. Third quarter and first nine months of 2025 financial performance in comparison US$ million Q3 202 5 Q3 202 4 Change ( %) 9M 202 5 9M 202 4 Change ( %) Revenue 98 111 (12) % 315 323 (3) % Platform commissions (21) (24) (13) % (67) (70) (6) % Game operation cost (14) (13) 13 % (42) (38) 11 % Selling and marketing expenses (30) (52) (43) % (124) (163) (23) % General and administrative expenses (8) (7) 17 % (25) (23) 8 % Profit for the period, net of tax2 24 15 66 % 55 24 N/M Adjusted EBITDA3 26 17 50 % 64 33 93 % Cash flows generated from operating activities 15 12 24 % 11 24 (53) % N/M: not meaningful Third quarter 2025 financial performance In the third quarter of 2025, our revenue decreased by $13 million (or 12%) year-over-year and amounted to $98 million, reflecting a decline in recognition of revenue from both current-period and prior-period bookings. This was mainly due to declining consumer spending levels in the current and preceding years, which reduced the amount of revenue recognized during the quarter. The decrease is consistent with our strategy to pursue more disciplined marketing spending and focus on attracting higher-quality, better-paying users rather than maximizing short-term volume. Platform commissions decreased by $3 million (or 13%) in the third quarter of 2025 compared to the same period in 2024 in line with the decrease in revenues. Game operation cost remained relatively stable at the level of $14 million in the third quarter of 2025 vs. $13 million in the third quarter of 2024. Selling and marketing expenses in the third quarter of 2025 decreased by $22 million vs. the same period in 2024, amounting to $30 million. This decrease i...

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