GDEV : Q4 2024 Presentation

Published: 2025-03-31 16:07:23 ET GDEV

Key operating metrics and financial measure used in the presentation

Operating metrics

• Monthly Paying Users (MPUs) are the number of individuals who made a purchase of a virtual item at least once on a particular platform in a calendar month

• Average Bookings Per Paying User (ABPPU) is the total Bookings attributable to in-game purchases in a given period, divided by the number of months in that period, divided by the average number of MPUs during the period

• Bookings are sales contracts generated from in-game purchases and sales of advertisement in a given period

Non-IFRS measure

Adjusted EBITDA. The Company defines Adjusted EBITDA as the profit/loss for the period, net of tax as presented in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) goodwill and investments in equity accounted associates' impairment, (ii) loss on disposal of subsidiaries, (iii) income tax expense, (iv) other financial income, finance income and expenses other than foreign exchange gains and losses and bank charges, (v) change in fair value of share warrant obligations and other financial instruments, (vi) share of loss of equity-accounted associates, (vii) depreciation and amortization, (viii) share-based payments expense and (ix) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted EBITDA is a non-IFRS financial measure and should not be construed as an alternative to net income/loss as an indicator of operating performance as determined in accordance with IFRS.

In this presentation, we use a number of key operating and non-IFRS financial measure which we believe accurately, in material aspects, reflect the principal parameters of our historic performance. For further information, regarding our operating metrics, see our 2024 Annual Report in Form 20-F filed with the SEC.

Financial highlights

Revenue, $MLN

Total costs and expenses, excl. D&A, $MLN

4Q23

1Q24

2Q24

3Q24

4Q24

4Q23

Other Platform commissions

Selling and marketing expenses

1Q24

2Q24

3Q24

4Q24

Profit/(loss) for the period net of tax, $MLN

(1) See slide #3 for definition and slide #11 for reconciliation to profit/(loss) for the period, net of tax

Adj EBITDA, $MLN

(1)

-2

Operating highlights

Bookings, $MLN

4Q23

Monthly paying users, '000

1Q24

2Q24

3Q24

4Q24

4Q23

Average bookings per paying user, $

1Q24

2Q24

3Q24

4Q24

4Q23

1Q24

2Q24

3Q24

4Q24

Diversification

By games

By platforms

By geography

4Q23

Pixel Gun 3D

Island Hoppers

Hero Wars: Dominion Era

Hero Wars: Alliance

4Q24

43%

43%

57%

57%

4Q23

PCMobile Other

Asia

Europe

US

4Q24

4Q23

4Q24

APPENDIX

Consolidated statement of comprehensive income

Consolidated statement of financial position

Consolidated cash flow statement

10

Disclaimer

Gdev Inc. published this content on March 31, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on March 31, 2025 at 20:06 UTC.