The company GDEV has published its financial report for last year. It showed excellent profits, but its revenue slightly declined.
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Key Figures:
- according to the report, in 2025, GDEV earned $404 million. Compared to 2024, there was a 4% decline in revenue;
- the volume of bookings (or deferred revenue) for the year also decreased — by 13% to $351 million. Nearly the entire amount came from in-app purchases or IAP — $331 million. The remaining $20 million was generated by advertising;
- the main platform for GDEV remained mobile, accounting for 60% of all bookings. In terms of country breakdown, 33% of bookings came from the US, 33% from Europe, and 19% from Asia;
- the decline in revenue and bookings occurred alongside a reduction in GDEV's monthly paying game audience. By the end of 2024, their size was at 342,000 people, but by the end of 2025, it had decreased to 281,000 people;
- additionally, the report noted that GDEV is now spending less on marketing and is focused on attracting more high-spending players;
- nonetheless, GDEV managed to significantly increase its annual profit, which grew from $26 million in 2024 to $69 million in 2025;
- simultaneously, adjusted EBITDA also rose, reaching $79 million, an 87% increase over the year.