Adjusted EBITDA decreased from $25.8 million for the fourth quarter of 2021 to $24.7 million for the fourth quarter of 2022, resulting in an Adjusted EBITDA margin of 32.4% for the fourth quarter of 2022, compared to an Adjusted EBITDA margin of 29.9% for the fourth quarter of 2021.Operating costs would have decreased to $51.5 million (excluding the one-time Goodwill impairment of $269.9 million), primarily due to lower cost of revenues and decreased marketing expenditures.Operating costs increased from $62.7 million in the fourth quarter of 2021 to $321.4 million in the fourth quarter of 2022, primarily due to a $269.9 million non-cash impairment of Goodwill that the Company took in the fourth quarter of 2022, which is a one-time charge and not re-occurring in nature.Revenues decreased from $86.3 million in the fourth quarter of 2021 to $76.2 million in the fourth quarter of 2022.(NASDAQ: DDI) (“ DoubleDown” or the “ Company”), a leading gaming company, delivering unique player experiences across a variety of genres, today reported its unaudited financial results for the fourth quarter and year ended December 31, 2022.įourth Quarter 2022 vs. 07, 2023 (GLOBE NEWSWIRE) - DoubleDown Interactive Co., Ltd.
