GDEV Posts Higher Q1 2026 Profit on Leaner Marketing and Stronger In-App Monetization

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks An announcement from Nexters ( (GDEV) ) is now available. GDEV reported on May 19, 2026 that its unaudited first-quarter results for the three months ended March 31, 2026 showed modest top-line growth and improving profitability. Revenue rose 2% year over year to $99 million, driven mainly by higher in-app purchases, while platform commissions and game operating costs stayed broadly flat, highlighting operational stability. The company tightened its marketing spend, cutting selling and marketing expenses by 13% to $37 million through a more selective focus on high-value user acquisition, even as general and administrative costs climbed on higher legal expenses. Despite a swing from a prior-year foreign exchange gain to a $1 million loss, net profit increased 22% to $17 million and adjusted EBITDA rose to $18 million, though operating cash flow slipped to $4 million, reflecting a profitability-led, rather than cash-led, improvement. On the operational side, bookings grew 2% to $83 million as an 8% increase in average bookings per paying user offset a 5% decline in monthly paying users, indicating deeper monetization of a slightly smaller payer base. Advertising remained a small, stable share of bookings at around 6%, while the mix continued to shift toward mobile, which rose to 64% of bookings, and regional exposure tilted away from the U.S. and Asia toward Europe and other markets, underscoring an ongoing strategic rebalancing of GDEV’s player footprint. The most recent analyst rating on (GDEV) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Nexters stock, see the GDEV Stock Forecast page. Spark’s Take on GDEV Stock According to Spark, TipRanks’ AI Analyst, GDEV is a Neutral. The score is held back primarily by weakening fundamentals—multi-year revenue decline, KPIs showing softer demand (bookings plateau and falling paying users), and negative equity—despite improved margins and positive free cash flow. Offsetting these risks are strong technical momentum and a very low P/E that makes valuation look compelling. To see Spark’s full report on GDEV stock, click here. More about Nexters GDEV Inc., listed on Nasdaq under the ticker GDEV, is an international gaming and entertainment holding company based in Limassol, Cyprus. Through franchises such as Hero Wars, Island Hoppers and Pixel Gun 3D, and subsidiaries including Nexters and Cubic Games, it focuses on developing and expanding a portfolio of multi-platform titles that have amassed over 550 million installs and $2.5 billion in bookings worldwide. The company targets a broad global audience across mobile and PC, with a growing tilt toward mobile platforms, and derives revenues primarily from in-app purchases supplemented by advertising. Its geographic footprint is diversified across the U.S., Europe, Asia and other regions, with Europe and emerging markets increasingly contributing to overall bookings. Average Trading Volume: 3,187 Technical Sentiment Signal: Sell Current Market Cap: $292M For a thorough assessment of GDEV stock, go to TipRanks’ Stock Analysis page.