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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 88,236 $ 75,187 $ 176,379 $ 152,783
Operating expenses:        
Cost of revenue [1],[2] 26,820 24,905 54,193 50,624
Sales and marketing [1] 11,107 13,103 25,867 29,148
Research and development [1] 3,191 5,069 6,447 10,112
General and administrative [1],[3] 10,106 4,540 20,977 9,882
Depreciation and amortization 819 48 1,647 103
Total operating expenses 52,043 47,665 109,131 99,869
Operating income 36,193 27,522 67,248 52,914
Other income (expense):        
Interest expense [4] (426) (436) (835) (898)
Interest income 3,829 4,249 7,260 7,379
Gain on foreign currency transactions 3,396 2,478 4,113 2,730
Gain (loss) on foreign currency remeasurement (527) (1,778) 3,062 388
Gain (loss) on short-term investments (7) (70) (13) (70)
Other, net 182 (47) 158 (94)
Total other income (expense), net 6,447 4,396 13,745 9,435
Income before income tax 42,640 31,918 80,993 62,349
Income tax (expense) benefit (9,375) (7,561) (17,367) (14,320)
Net income 33,265 24,357 63,626 48,029
Less: Net income attributable to noncontrolling interests 88 0 141 0
Net income attributable to DoubleDown Interactive Co., Ltd. 33,177 24,357 63,485 48,029
Other comprehensive income (expense):        
Pension adjustments, net of tax (29) 49 107 (108)
Loss on foreign currency translation (2,079) (166) (5,165) (1,347)
Other comprehensive income (expense) (2,108) (118) (5,058) (1,456)
Comprehensive income 31,157 24,239 58,568 46,573
Less: Comprehensive income attributable to noncontrolling interests 88 0 79 0
Comprehensive income attributable to DoubleDown Interactive Co., Ltd. $ 31,069 $ 24,239 $ 58,489 $ 46,573
Earnings per share:        
Basic (in dollars per share) $ 13.39 $ 9.83 $ 25.62 $ 19.38
Diluted (in dollars per share) $ 13.39 $ 9.83 $ 25.62 $ 19.38
Weighted average shares outstanding:        
Basic (in shares) 2,477,672 2,477,672 2,477,672 2,477,672
Diluted (in shares) 2,477,672 2,477,672 2,477,672 2,477,672
[1] Excluding depreciation and amortization.
[2] Includes related party royalty expense of $622 and $698 for the three months ended June 30, 2024 and 2023, respectively, and $1,241 and $1,450 for the six months ended June 30, 2024 and 2023, respectively (see Note 12).
[3] Includes related party rent and general and administrative expense of $1,517 and $345 for the three months ended June 30, 2024 and 2023, respectively, and $2,976 and $759 for the six months ended June 30, 2024 and 2023, respectively (see Note 12).
[4] Includes related party interest expense of $411 and $436 for the three months ended June 30, 2024 and 2023, respectively, and $843 and $881 for the six months ended June 30, 2024 and 2023, respectively (see Note 12).