High Roller and DoubleDown announced their second quarter results up to June 30, 2025, recording revenue growth of 19.5% and 3.9% respectively.
DoubleDown
Revenue increased by 3.9% year-over-year to $84.8 million. Although the social gaming and free casino business contributed $69.3 million, this segment's revenue declined by 14%; the SuprNation business, however, achieved revenue of $15.5 million, up 96% year-over-year, thanks to strong player growth. Net profit fell 34.1% to $21.8 million, mainly due to unrealized foreign exchange losses and increased general expenses; adjusted EBITDA decreased by 11.9% to $33.5 million.
CEO Keuk Kim stated that the flagship product DoubleDown Casino has robust profitability indicators, and the iGaming business expansion strategy is significantly effective. This quarter also saw the initiation of the acquisition of Whow Games for €55 million, strengthening the layout in the European market.
High Roller
Revenue increased by 19.5% year-over-year to $6.9 million; net loss narrowed to $592,000, an improvement of 60.6% year-over-year, and adjusted EBITDA turned positive to $362,000, up 138.9% year-over-year. Highlights include forming a new management team and achieving an 80% quarter-over-quarter increase in average revenue per user.
The company plans to enter the Ontario market in the second half of 2025, upgrading the High Roller and Fruta brands, launching a third brand, strengthening compliance and geolocation, and expanding with hundreds of new games. CEO Ben Clemes stated that the Ontario launch will be a turning point for the business, as the company explores more expansion opportunities and collaborates with SpikeUp Media and Playtech to provide technical support for new markets.
