DoubleUGames announced in a regulatory filing on November 12 that it recorded cumulative Q3 2026 revenue of 611 billion won and operating profit of 202.1 billion won. Revenue and operating profit grew 17.5% and 20.1% year-over-year, respectively.
This cumulative revenue represents 84.9% of last year's total annual revenue, while cumulative operating profit equals 87.1% of last year's annual operating profit. Operating margin expanded by 0.8 percentage points year-over-year from 32.3% to 33.1%. EBITDA also rose 22.1% year-over-year to 221.9 billion won, with the EBITDA margin improving by 1.4 percentage points from 34.9% to 36.3%.
By segment, cumulative social casino revenue reached 459.5 billion won, up 6.3% year-over-year. The company attributed this growth to steady operations of its existing key titles and the inclusion of WHOW Games, which it acquired in July last year. In the iGaming segment, SuprNation generated 75.5 billion won in cumulative revenue, up 19.0% year-over-year, while Paxie Games in the casual segment recorded 76.0 billion won. The combined revenue share of these two segments expanded by 7.9 percentage points year-over-year from 16.9% to 24.8%.
DoubleUGames cited the expansion of its Direct-to-Consumer (DTC) payment channels as a key driver of improved profitability. In Q3, DTC accounted for 53.6% of social casino revenue, surpassing 50% for the first time. This represents roughly a threefold increase compared to 17.6% in the same period last year. By title, DTC share reached the 60% range for DoubleDown Casino and the mid-30% range for DoubleU Casino.
With the expansion of DTC, cumulative platform fees through Q3 fell 18.4% year-over-year. The ratio of variable costs to cumulative revenue also dropped by 4.4 percentage points from 30.1% in the same period last year to 25.7%.
The company reported a 7.1% share of the social casino market in Q3. Up 1.0 percentage point year-over-year, this ranks DoubleUGames 4th globally in quarterly revenue.
DoubleUGames plans to strengthen events and live operations in Q4 for the Halloween, Thanksgiving, and Christmas seasons to maintain its earnings growth momentum.
A company official stated, “Both revenue and operating profit achieved double-digit growth on a cumulative Q3 basis, reaching 87% of last year's total annual operating profit. We will sustain this growth momentum based on cost structure improvements through DTC expansion and portfolio diversification.”
