DoubleDown elects four directors during annual meeting
The group appointed an independent director as well.
Key Points
- Shareholders approved the previous year’s financial statements
- Keuk Kim, Joseph A. Sigrist, Ki Chul Kim and Haenam Kim will serve as directors this year
DoubleDown Interactive recently held its 2025 Annual General Meeting. Company shareholders met this year in Seoul, Korea.
Shareholders of record as of December 31, 2024 took action to on several resolutions, including approving the financial statement for the past fiscal year, electing directors and approving a remuneration limit for independent directors and executive officers.
Four directors were elected during the annual meeting. These included Keuk Kim, Joseph A. Sigrist, Ki Chul Kim and Haenam Kim. The shareholders also elected Whanlim Kim to serve as an Independent Director.
During the 2024 fiscal year, the company reported $341.3m in total revenue, up by 10.5% when compared to results from 2023.
However, revenue during the fourth quarter fell by 1.3% month-over-month. The company posted $82m in revenue during the fourth quarter of 2024.
CEO Keuk Kim commented, “DoubleDown’s fourth quarter results highlight the ability of our businesses to generate consistently strong profitability and free cash flow despite the slight revenue decline.”
DoubleDown Interactive develops digital games web-based and mobile platforms. The company brings Vegas-style entertainment to its players through online social casinos by creating multi-format entertainment experiences.
DoubleDown delivers its users a variety of gaming genres in multiple formats and publishes its games on both web-based and mobile platforms. Its DoubleDown Casino flagship title is well-known among its multimillion-player fanbase.
The company’s social casino portfolio includes a variety of modern and classic games.
Its SuprNation subsidiary operates three real-money online gaming sites throughout Western Europe.
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