Gaming firm GDEV's Q1 revenue rises 2% on higher in-app purchases

Gaming firm's Q1 revenue rose 2% yr/yr to $99 mln on higher in-app purchases.

Net profit for Q1 ​climbed to $17 mln from $14 mln a year ago. Adjusted EBITDA for Q1 increased to $18 mln from $16 mln last ‌year. Company ⁠did ⁠not provide specific guidance or outlook for future periods. Revenue growth was primarily driven by an ​increase in in-app purchases by players. Lower selling and marketing expenses reflected a ​more selective approach to user ⁠acquisition, prioritizing ‌higher-value players. An ​8% rise in average bookings per ⁠paying user offset a 5% decline in ​monthly paying users.