Marketing Discipline Pays Off as GDEV Improves Operating Cash Flow
GDEV Inc. (GDEV) reported Q2 FY26 revenue of $94M, down 22% YoY, but net profit rose to $20M from $17M. Marketing costs fell 38% to $33M, and operating cash flow turned positive at $10M. Bookings declined due to lower paying users and PC platform revenue, with Q2 adjusted EBITDA at $20M, down from $22M. Institutional interest remains low, with 5 hedge funds holding positions.





