GDEV Second Quarter 2024 Earnings: EPS Beats Expectations

September 06, 2024

Simply Wall St

GDEV (NASDAQ:GDEV) Second Quarter 2024 Results

Key Financial Results

Revenue: US$105.8m (down 7.9% from 2Q 2023).
Net income: US$14.7m (down 25% from 2Q 2023).
Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.81 (down from US$1.03 in 2Q 2023).

earnings-and-revenue-growth — NasdaqGM:GDEV Earnings and Revenue Growth September 6th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

GDEV EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 8.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for GDEV you should be aware of, and 2 of them are concerning.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

mitchell_lawler

Nvidia's (NVDA) record profit had a US$7.8 billion catch. That chunk came from betting on its own customers, not from selling its chips.

Jake_Merritt6h

The circularity worth examining is not the mark-to-market line. A large and growing share of Nvidia's revenue comes from companies funded by venture capital, and Nvidia participates in some of those rounds. That is the loop. The paper gains are just an accounting reflection of it, so focusing on them means arguing about the mirror rather than the room.

nadia_y3d8i6h

Hyperscalers grew 13% sequentially, the other AI segment grew 25% and 138% year on year. The faster half is the funded half. AI venture funding was over 400 billion in the first half with about 70% spent on compute. That is an interesting composition shift like I mentioned yesterday.