Nexters Inc. operates as a game development company worldwide. It also offers mobile games. The company is headquartered in Limassol, Cyprus.
IPO Year:
Exchange: NASDAQ
Website: nexters.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $6.00 | Outperform | Noble Capital Markets |
| 6/14/2024 | Perform | Oppenheimer | |
| 5/20/2024 | $4.40 | Overweight | Cantor Fitzgerald |
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LIMASSOL, Cyprus, Sept. 02, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the second quarter and first half-year ended June 30, 2025. Second quarter 2025 financial highlights: Revenue of $120 million increased by 13% year-over-year.Selling and marketing expenses of $53 million increased by 11% year-over-year driven by a testing of new areas in our performance marketing.Profit for the period, net of tax, of $17 million in Q2 2025 increased vs. $15 million in Q2 2024.Adjusted EBITDA1 of $22 million increased vs. $17 million in Q2 2024.Strong cash position of $
LIMASSOL, Cyprus, Sept. 02, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that it has increased its total ownership in its portfolio studio, Royal Ark, to 57%, through the exercise of a previously negotiated conversion option. This move marks a deepening of the strategic partnership initiated in 2022, further reinforcing GDEV's approach to empowering creative studios without compromising their autonomy. In connection with the exercise of the conversion option, GDEV and Royal Ark have entered into a new agreement superseding and replacing all prior arrangements and agreements between the partie
LIMASSOL, Cyprus, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), a global gaming and entertainment company, today announced the acquisition of Light Hour Games, a privately held mobile studio based in Cyprus. Light Hour Games is a full-stack studio that builds and markets mobile casual games using AI-first workflows — enabling rapid iteration without compromising high-quality execution. Founded by industry veterans Konstantin Mitrofanov and Ilya Nikitin, the studio operates as a 15-person team with deep expertise across game development, art, and live operations. The acquisition represents a strategic partnership that will grant the Light Hour Games studio the opportunity for
LIMASSOL, Cyprus, June 23, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that Olga Loskutova will depart from her role as Chief Operating Officer effective July 1, 2025. Since assuming the COO position in October 2024, Ms. Loskutova has successfully established the planning, reporting and cross-studio coordination frameworks that underpin GDEV's operating model. "Olga's operational expertise helped us put the right structure in place at a critical moment," said Andrey Fadeev, Founder and Chief Executive Officer of GDEV. "We are grateful for her contribution and wish her continued success in h
LIMASSOL, Cyprus, May 16, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its financial and operational results for the first quarter ended March 31, 2025. First quarter 2025 financial highlights: Revenue of $97 million declined by 9% year-over-year.Selling and marketing expenses of $42 million declined by 33% year-over-year driven by a shift in our user acquisition strategy to focus on a higher margin audience.Game operation cost remained relatively stable at the level of $14 million vs. $13 million in Q1 2024.Profit for the period, net of tax, of $14 million in Q1 2025 increased vs. loss of $5 mi
LIMASSOL, Cyprus, May 06, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") today announces the development of Pixel Gun 2, a fully cross-platform sequel to its hit franchise Pixel Gun 3D. The game is developed by Cubic Games, a GDEV portfolio studio. Set to launch in early 2026 on iOS, Android, and Steam, with console versions expected to follow, Pixel Gun 2 promises to deliver a next-generation arena shooter experience while maintaining the beloved pixel-art style that has defined the franchise. The announcement comes as Pixel Gun 3D celebrates its 12th year of operation, having amassed over 300 million instal
LIMASSOL, Cyprus, March 31, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the fourth quarter and full year ended December 31, 2024. Fourth quarter 2024 financial highlights: Revenue of $98 million declined by 12% quarter-over-quarter and 11% year-over-year.Selling and marketing expenses of $47 million declined by 14% year-over-year driven by a shift in our user acquisition strategy to focus on higher margin audience.We continue to adhere to our disciplined approach towards costs: game operation cost declined by 5% year-over-year, enhancing our op
LIMASSOL, Cyprus, Feb. 25, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today issued a clarification in respect of its previously announced one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. According to Nasdaq, the ex-dividend date for Nasdaq trading will be March 12, 2025. Nasdaq Rule 11140(b)(2) provides that if the value of a cash dividend is 25% or greater than the value of the subject security, the ex-dividend date will be the first business day following the payable date. Acco
LIMASSOL, Cyprus, Feb. 21, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that its Board of Directors has authorized and approved a one-time, nonrecurring special cash dividend of $3.31 per share, representing a yield of approximately 20% based on the volume-weighted average price of the Company's shares for the last 30 trading days prior to today's announcement. The special dividend is payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. This one-time special dividend, totaling approximately $60 million, will be funded from GDEV's acc
LIMASSOL, Cyprus, Feb. 13, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced the appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company's Board of Directors (the "Board"), as Chairperson of the Board, effective immediately. This appointment represents a strategic evolution in the Company's leadership structure, designed to strengthen the alignment between strategic oversight and operational execution. As part of this planned transition, Natasha Braginsky Mounier, an independent non-executive director and chairperson of the Board will step down from her position as Independ
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Noble Capital Markets initiated coverage of GDEV Inc. with a rating of Outperform and set a new price target of $6.00
Oppenheimer initiated coverage of GDEV Inc. with a rating of Perform
Cantor Fitzgerald initiated coverage of GDEV Inc. with a rating of Overweight and set a new price target of $4.40
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LIMASSOL, Cyprus, Feb. 13, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced the appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company's Board of Directors (the "Board"), as Chairperson of the Board, effective immediately. This appointment represents a strategic evolution in the Company's leadership structure, designed to strengthen the alignment between strategic oversight and operational execution. As part of this planned transition, Natasha Braginsky Mounier, an independent non-executive director and chairperson of the Board will step down from her position as Independ
LIMASSOL, Cyprus, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces changes to its Board of Directors and executive leadership team as part of its ongoing strategy to enhance operational efficiency and support its global growth ambitions. Olga Loskutova, who has served as an Independent Director on GDEV's Board since 2022, will be stepping down from her position on the Board of Directors to assume the role of Chief Operating Officer (COO) of GDEV. Olga brings with her a wealth of experience in global business and general management, positioning her to provide management, leadership, and vision
LIMASSOL, Cyprus, April 09, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces the successful launch of the iconic mobile title Pixel Gun 3D on PC platform. The game was launched on Steam April 2, entering on debut the Top 20 most sold and Top 50 most played games.The peak concurrent Steam users count reached 25,000 players on the first day of release.The Steam version of Pixel Gun 3D recouped its PC platform development costs within the first day of release, making 5 times the average daily in-app purchases of the mobile version.The results were achieved without significant marketing investments, capi
Limassol, Oct. 05, 2023 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces the planned release of Pixel Gun 3D on Steam in Q1 2024. The PC version of Pixel Gun 3D is developed by GDEV's subsidiary, Cubic Games, in partnership with Samustai, who have a proven track record in porting games to PC and Console platforms. The game is expected to be launched on Steam in the first quarter of 2024 and as of today, around 200,000 fans have already added Pixel Gun 3D to their wishlists. The mobile version of this iconic title celebrated its 10th anniversary in May 2023, during which time it has accumulated
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LIMASSOL, Cyprus, Aug. 05, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), a global gaming and entertainment company, today announced the acquisition of Light Hour Games, a privately held mobile studio based in Cyprus. Light Hour Games is a full-stack studio that builds and markets mobile casual games using AI-first workflows — enabling rapid iteration without compromising high-quality execution. Founded by industry veterans Konstantin Mitrofanov and Ilya Nikitin, the studio operates as a 15-person team with deep expertise across game development, art, and live operations. The acquisition represents a strategic partnership that will grant the Light Hour Games studio the opportunity for
LIMASSOL, Cyprus, May 16, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its financial and operational results for the first quarter ended March 31, 2025. First quarter 2025 financial highlights: Revenue of $97 million declined by 9% year-over-year.Selling and marketing expenses of $42 million declined by 33% year-over-year driven by a shift in our user acquisition strategy to focus on a higher margin audience.Game operation cost remained relatively stable at the level of $14 million vs. $13 million in Q1 2024.Profit for the period, net of tax, of $14 million in Q1 2025 increased vs. loss of $5 mi
LIMASSOL, Cyprus, March 31, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), released its financial and operational results for the fourth quarter and full year ended December 31, 2024. Fourth quarter 2024 financial highlights: Revenue of $98 million declined by 12% quarter-over-quarter and 11% year-over-year.Selling and marketing expenses of $47 million declined by 14% year-over-year driven by a shift in our user acquisition strategy to focus on higher margin audience.We continue to adhere to our disciplined approach towards costs: game operation cost declined by 5% year-over-year, enhancing our op
LIMASSOL, Cyprus, Feb. 25, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today issued a clarification in respect of its previously announced one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. According to Nasdaq, the ex-dividend date for Nasdaq trading will be March 12, 2025. Nasdaq Rule 11140(b)(2) provides that if the value of a cash dividend is 25% or greater than the value of the subject security, the ex-dividend date will be the first business day following the payable date. Acco
LIMASSOL, Cyprus, Feb. 21, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), today announced that its Board of Directors has authorized and approved a one-time, nonrecurring special cash dividend of $3.31 per share, representing a yield of approximately 20% based on the volume-weighted average price of the Company's shares for the last 30 trading days prior to today's announcement. The special dividend is payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. This one-time special dividend, totaling approximately $60 million, will be funded from GDEV's acc
LIMASSOL, Cyprus, Nov. 07, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces that it plans to release its financial results for the third quarter ended September 30, 2024 at 8:00 a.m. (Eastern Time) on Thursday, November 14, 2024. GDEV plans to host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time the same day. The press release, as well as supplementary slides will be available at gdev.inc. To participate in the conference call, please use this link. To listen to the audio webcast please follow this link.ABOUT GDEV GDEV is a gaming and entertainment holding company
LIMASSOL, Cyprus, Sept. 04, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company") released its unaudited financial and operational results for the second quarter and first half-year ended June 30, 2024. GDEV CEO, Andrey Fadeev stated: "Over the past months, we've been refining our strategic vision, and now we're prepared to push forward with renewed confidence. Despite the temporary decline in some of our key operational and financial metrics, our ability to maintain a robust revenue mix between PC and mobile platforms — where PC has grown to 42% of our total bookings — underscores our adaptive strategy and resil
LIMASSOL, Cyprus, Aug. 28, 2024 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ:GDEV), an international gaming and entertainment company ("GDEV" or the "Company"), announces that its financial results for the second quarter ended June 30, 2024 will be released at 8:00 a.m. (Eastern Time) on Wednesday, September 4, 2024. GDEV will host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time the same day. The press release, as well as supplementary slides will be available at gdev.inc. To listen to the audio webcast please follow this link. To participate in the conference call, please use the following details: US toll-free dial: +1 844-543-0451US local: +1 864-991
LIMASSOL, Cyprus, Jan. 27, 2022 (GLOBE NEWSWIRE) -- An international gaming company Nexters Inc. (NASDAQ:GDEV) announced its first-ever series of acquisition and investment deals as a publicly traded company in relation to Cubic Games, RJ Games, and Royal Ark. With a total upfront investment of around $100 million, Nexters will bring the world's No. 3 mobile first-person shooter Pixel Gun 3D and other titles within its product offering, amplifying Nexters' position in midcore, the leading segment of mobile gaming. Through the allocated funding and its expertise in midcore, Nexters aims to propel the companies' future growth on the international markets. All transactions are expected to be
LIMASSOL, Cyprus, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Nexters Inc. (NASDAQ:GDEV) an international game development company which strives to introduce the joy of core gaming experiences to casual players, today announced that its financial results for the third quarter and nine months ended September 30, 2021 will be released on Wednesday, November 17, 2021. Nexters will host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time (5:00 p.m. Moscow time, 2:00 p.m. London time) the same day. We recommend to use the dial-in option only if you would like to ask questions. In this case please dial in at least 15 minutes prior to the call start time and clearly s