DoubleUGames Co., Ltd.: Business Overview, Financials & Competitive Analysis
DoubleUGames Co., Ltd. scores 6/10 on the AskCyborg Cyborg Score (Solid). Established social casino gaming company with stable international operations and improving profitability, but facing market headwinds and quarterly earnings misses. Revenue grew 8.78% to 633.47 billion KRW in 2024 with earnings increasing 25.57% to 187.18 billion KRW, showing solid profitability growth. However, recent quarterly results showed underperformance against estimates.
What is DoubleUGames Co., Ltd.'s industry? DoubleUGames Co., Ltd. (doubleugames.com) operates in Mobile Gaming / Social Casino / iGaming Software. AskCyborg classifies DoubleUGames Co., Ltd. under Mobile Gaming / Social Casino / iGaming Software in its company registry.
DoubleUGames develops and services mobile games worldwide, offering DoubleDown Casino, DoubleU Casino (a social casino game), Take5 Slots (a multiplayer slot room game), DoubleU Bingo, and Undead World. The company op...
Cyborg Score thesis
Established social casino gaming company with stable international operations and improving profitability, but facing market...
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Get Current Report FreeDoubleUGames Co., Ltd. Overview
Pro stress-test →DoubleUGames develops and services mobile games worldwide, offering DoubleDown Casino, DoubleU Casino (a social casino game), Take5 Slots (a multiplayer slot room game), DoubleU Bingo, and Undead World. The company operates across approximately 120 countries and has established itself as a leading social casino gaming developer.
Strategic Profile
Pro stress-test →The company operates through two segments: Game Business (development and supply of mobile games including DoubleU Casino, DoubleDown Casino, Take5 Slots, and DoubleU Bingo) and iGaming segment (development and supply of iGaming software such as Duelz Casino). Recently, the company entered into an agreement to acquire Turkish gaming studio Paxie Games, developer of Merge Studio: Fashion Makeover, demonstrating expansion into new gaming genres.
Competitive Landscape
Pro stress-test →DoubleUGames competes in the mobile social casino gaming market against established players like Scientific Games, Playtech, and International Game Technology (IGT), as well as emerging indie developers. The company's strength lies in its portfolio of established franchises (DoubleU Casino, DoubleDown Casino) with massive user bases and proven monetization capabilities. Its iGaming segment positions it against enterprise gaming software providers, though it remains smaller than major competitors in this space.
Industry Context
DoubleUGames Co., Ltd. operates in Mobile Gaming / Social Casino / iGaming Software.
Key facts
Founded: 2012 · Headquarters: Seoul, South Korea · Employees: 394 · Revenue: $633.5B KRW (~$470M USD) · Market cap: $948M