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DoubleDown Interactive Q3 Adjusted EBITDA Up 7.2% and Tender Offer Approved

The Motley Fool +1 · ·by G4L

DDI
DDI DoubleDown Interactive Co Ltd ADR
$15.72 +0.13%
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  1. 1DoubleDown Interactive recorded a 7.2% year-over-year increase in adjusted EBITDA for the third quarter.
  2. 2Direct-to-consumer (DTC) channels accounted for 58% of DoubleDown Interactive's social casino revenue in the third quarter.
  3. 3The DoubleDown Interactive board of directors unanimously approved the tender offer for DoubleU Games.

So what's the key point?

DoubleDown Interactive increased its operating profit by 7.2 percent in the third quarter. The company is growing its business by deciding to acquire another company.

Source The Motley Fool +1 · View original ↗

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