DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Q4 2023 Earnings Call Transcript

Joe Sigrist: Yes. No, I appreciate the question. And the reality is, as we all know, and especially if we look at the industry analyst reports, the social casino category is a very mature category, and estimates for the entire market suggest kind of a flattish market going forward from 2023 to 2024 and even beyond for the next couple of years after that. So I think the core market is flat. The question is, can we — as we did in Q4, frankly, can we take share based on the things that we uniquely in a differentiated way do with DoubleDown Casino and we were successfully able to do that in Q4, and we strive to do that every quarter. That’s our — frankly, that’s our objective. That’s our goal, that’s our challenge. And that is something that we’ve been very focused on doing. But recognize that it’s in the context of essentially a flat very profitable, very cash generative category of gaming, but essentially a flat category.

Greg Gibas: Got it. That’s fair. I think lastly for me, I just wanted to follow-up on SuprNation. Since closing at the end of October, how has it kind of performed relative to your expectations? And I know it’s — just given it’s been a couple of months here, you spoke to kind of the initiatives that you implemented I guess the focus early is Sweden and the U.K., when do you foresee kind of looking at new markets for that business?

In Keuk Kim: Thanks, Greg. This is IK. The most important thing for us about SuprNation is to find scalability to get a bigger market share. Although traditional i-Gaming casino business could only provide just playing casino content and its experience so far. Now we want to see additional differentiated opportunities by offering compelling features for these players such as peer-to-peer competition and as I talked earlier. So, so far, November, December, we saw a bit good result so far. So we expect our ongoing development and improvement. If everything goes well, then we will increase our marketing capabilities to scale up [indiscernible].

Greg Gibas: Got it. Thank you.

Joe Sigrist: Thanks, Greg.

Operator: Thank you. [Operator Instructions] And I’m not showing any more questions at this time. I would now like to turn the call back over to Joe Sigrist for any closing remarks.

Joe Sigrist: Great. Thanks, Josh. Appreciate it. Thanks, everyone for your time today, and we look forward to talking to you again soon, and have a great evening and a great Wednesday, tomorrow. Bye-bye.

Operator: Thank you for your participation. You may now disconnect.