Latest news with #WHOWGames
Yahoo
3 days ago
- Business
- Yahoo
Roth Capital Remains Bullish on DoubleDown Interactive (DDI)
DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) is one of the best cheap stocks with huge upside potential. On July 8, Roth Capital analyst Eric Handler stated that the $65M acquisition of WHOW Games undertaken by DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) on the same day is a strategic and positive move. A student enthusiastically playing the DoubleDown Classic on their laptop in a library. According to him, WHOW Games presents DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) with a path to raise profits and reverse recent revenue declines. The analyst further stated that the German-based social casino developer has a strong Western European footprint and creates geographic diversity while also providing opportunities for enhanced marketing and operational synergies. The firm added that plenty of dry powder remains for additional M&A and/or capital returns, maintaining a Buy rating on DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) with a price target of $16. DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) is involved in the gaming entertainment business and operates through the Gaming and iGaming business divisions. The Gaming business division undertakes the development and publishing of social casinos and casual games, while the iGaming business division manages the development and operation of license-based online casinos. While we acknowledge the potential of DDI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
09-07-2025
- Business
- Arabian Post
DoubleDown Accelerates Europe Push with €55 Million WHOW Deal
DoubleDown Interactive has struck an agreement to acquire Hamburg-based WHOW Games GmbH for €55 million, plus up to €10 million in performance-linked earn‑outs, in a move to deepen its foothold in Europe's expanding social casino market. The transaction, financed from existing cash reserves, is slated to finalise in the third quarter of 2025. The licensing deal, part of a Share Purchase and Transfer Agreement with Azerion Tech Holding B. V., covers full ownership of WHOW Games, which reported unaudited 2024 revenues of €41.8 million. The additional earn‑out structure—€5 million annually during the first two post‑closing years—aims to align incentives and reward growth. DoubleDown CEO Keuk Kim described the acquisition as a major leap forward in competitiveness within the German social casino sector, highlighting synergies between WHOW's local expertise and DoubleDown's global marketing and content capabilities. WHOW Games CEO Giovanni Valerio Valeriota expressed optimism, signalling that joining DoubleDown would accelerate innovation thanks to 'their deep expertise in gaming'. ADVERTISEMENT Industry data from Eilers & Krejcik Gaming indicates that while the broader European market has matured, social casino segments recorded growth in 2023 and 2024, driven by platforms blending entertainment and gaming simulation. WHOW Games holds strong presence in Germany through proprietary apps like MyJackpot and Lounge777 and licensed titles tied to brick‑and‑mortar names such as Merkur24. DoubleDown's strategic bet builds on its flagship title, DoubleDown Casino, used by millions worldwide, and complements its SuprNation subsidiary, which operates three real‑money iGaming platforms in Western Europe. The deal enhances regional coverage and cross‑platform integration potential. Financially, WHOW's €41.8 million in 2024 top‑line revenue, acquired for €55 million, represents a multiple of roughly 1.3 times. Analysts note that metrics for social casino firms often prioritise earnings over revenue multiples. While details on WHOW's earnings before interest, taxes, depreciation and amortisation remain undisclosed, these multiples suggest a valuation consistent with growth‑oriented acquisitions and limited execution risk. Market watchers pinpoint DoubleDown's strong valuation positioning—its cash‑heavy balance sheet mitigates dilution concerns, allowing an all‑cash acquisition to proceed without external financing. According to one note, the company trades at a trailing P/E ratio around 3.7, underscoring investor confidence in its cash flows and acquisition‑driven expansion. Potential hurdles include regulatory scrutiny around social casino games in European jurisdictions, variable earn‑out achievement, and integration execution. In its Form 6‑K filing dated 8 July 2025, DoubleDown emphasised that specifics on financing, closing timetable, and valuation were not included, leaving regulatory approval and other conditions implicit. WHOW Games, founded in 2014, has cultivated a loyal European user base through a mix of original and licensed titles targeting casual gamers. Its Hamburg headquarters serves as a key hub for design and operation of its portfolio, which has carved out a niche in a fragmented, competitive environment. DoubleDown anticipates maximising synergies through operational efficiencies, expanded marketing, and shared development resources. The company's statement highlights that combining forces could enhance market penetration across Europe, notably in Germany—a top-tier social casino territory. As social casino continues to blur lines between digital entertainment and gambling, this transaction reflects broader industry trends: consolidation in search of scale, regulatory resilience, and content depth. Firms with content ecosystems and cash reserves, like DoubleDown, may either win market share or face pressure to deliver on earn‑out targets tied to performance. In Keuk Kim's view, the deal is more than geographic expansion; it is a platform play. By adding WHOW's regional strengths to DoubleDown's global operations, the company positions itself as a more integrated player in Europe's casual gaming space. Giovanni Valeriota emphasised the cultural fit and strategic alignment, noting that WHOW's path under Azerion's stewardship laid solid groundwork, and the new alliance 'will accelerate our growth and innovation'.
Yahoo
09-07-2025
- Business
- Yahoo
DoubleDown to acquire German social casino operator WHOW Games
DoubleDown (DDI) entered into a Share Purchase and Transfer Agreement with Azerion Tech to acquire WHOW Games, a social casino developer headquartered in Hamburg, Germany. The initial consideration for 100% ownership interest in WHOW Games is EUR55M, or $64.7M. An additional earn-out payment of up to EUR10M, payable to Azerion at EUR 5M annually, is contingent upon WHOW Games meeting certain performance targets during each of the first and second year following the closing date. The acquisition will be financed through DoubleDown's cash reserves and is expected to close during Q3. WHOW Games 2024 revenue was EUR41.8M. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on DDI: Disclaimer & DisclosureReport an Issue DoubleDown initiated with a Buy at Texas Capital DoubleDown initiated with a Buy at Roth Capital DoubleDown Interactive Donates $10,000 to ASPCA During Kitten Season DoubleDown Interactive Announces Secondary Offering Pricing DoubleDown announces pricing of 4.3M ADSs at $8.50 in secondary offering Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
