Gaming companies DoubleDown Interactive and High Roller have published their financial reports for the second quarter of 2025, revealing two distinct narratives of strategic growth and operational turnaround.
DoubleDown Bolstered by iGaming Acquisition
DoubleDown Interactive reported a 3.9% year-on-year revenue increase to $84.8 million for the quarter.
This growth was driven by a powerful performance from its SuprNation iGaming business, which saw revenue surge by 96% to $15.5 million.
This segment’s success, fueled by strong player acquisition, effectively offset a 14% decline in the company’s traditional social and free-to-play casino vertical.
However, profitability was impacted by currency fluctuations and higher expenses, leading to a 34.1% drop in profit to $21.8 million and an 11.9% fall in adjusted EBITDA to $33.5 million.
CEO Keuk Kim commented:
Our SuprNation iGaming business generated record revenue… reflecting the success of our strategies to prudently scale investments to acquire new players.
The company is continuing this strategy with its recent €55 million acquisition of Whow Games to expand its European presence.
High Roller Shows Signs of Turnaround
High Roller presented a story of significant operational improvement. The company posted a 19.5% year-on-year revenue increase to $6.9 million.
More notably, its net loss improved by 60.6% to $592,000, and its adjusted EBITDA swung from a loss to a positive figure of $362,000.
This turnaround was supported by the hiring of a new executive team and a remarkable 80% quarter-on-quarter increase in average revenue per user.
Looking ahead, High Roller is planning a brand refresh, the launch of a third brand, and its entry into the regulated Ontario market in the second half of 2025.
CEO Ben Clemes expressed high confidence in the company’s future, stating:
We believe launching in Ontario will be transformative for High Roller.
The company’s expansion efforts are further supported by a recent technology partnership with Playtech.
