The gaming industry is benefiting from macroeconomic tailwinds, including interest rate cuts and strong demand for sports betting. Stocks like Flutter Entertainment, DoubleDown Interactive, and GDEV Inc. are expected to gain traction from this upbeat demand.

GDEV Inc. has entered into a Sales Agreement with Cantor Fitzgerald & Co. and Oppenheimer & Co. Inc. to offer and sell up to 1,757,026 ordinary shares held in treasury through an at-the-market offering. The company intends to use the net proceeds for general corporate purposes.

GDEV announces preliminary unaudited results for the first quarter 2024

GDEV announces preliminary unaudited results for the fourth quarter and full year 2023

GDEV announces final results of previously announced self tender offer

Limassol, Cyprus, Dec. 19, 2023 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced the commencement of a tender offer by the Company to purchase for cash a minimum of 15,000,000 of its ordinary shares, no par value per ordinary share (each, a “share”) (the “Minimum Tender Condition”), up to a maximum of 20,000,000 shares, at a purchase price of $2.00 per share, net to the seller in cash, without interest, less any applicable withholding taxes, using funds available from cash and cash equivalents. The tender offer, proration period and withdrawal rights will expire at 5:00 p.m., Eastern Time, on January 18, 2024, unless the tender offer is extended (such date and time, as it may be extended, the “Expiration Time”). The board of directors of the Company (the “Board of Directors”) determined that the tender offer is a prudent use of the Company’s financial resources given its current capitalization, cash balance and operational business profile, and that the tender offer presents an appropriate balance between meeting the needs of its business and delivering value to the Company’s shareholders. The Board of Directors also determined that a cash tender offer is an appropriate mechanism to return capital to shareholders that seek liquidity under current market conditions while, at the same time, allowing shareholders to share in a higher portion of the Company’s future potential.

U.S. stocks traded mixed, with the Dow Jones gaining around 10 points on Tuesday. Shares of PDD Holdings Inc. (NASDAQ: PDD) jumped in Tuesday’s session following third-quarter results. PDD reported third-quarter FY23 revenue growth of 94% year-on-year to $9.44 billion, beating the consensus of $7.69 billion.The Chinese online retailer's adjusted earnings per ADS of RMB11.61 ($1.55), compared with RMB8.62 Y/Y, beating the consensus of $1.23. PDD Holdings shares jumped 18.6% to $139.62 on Tuesday. Here are some other big stocks recording gains in today’s session. Avidity Biosciences, Inc. ...

Shares of FLJ Group Limited (NASDAQ: FLJ) shares jumped during Friday’s session after the company announced it entered into a definitive agreement to acquire Alpha Mind Technology. FLJ Group shares jumped 96.4% to $0.2123 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Versus Systems Inc. (NASDAQ: VS) shares jumped 129.8% to $0.3816. Versus Systems announced a strategic investment from Cronus Equity Capital Group, LLC. BioNexus Gene Lab Corp. (NASDAQ: BGLC) jumped 78% to $0.6596. Quhuo Limited (NASDAQ: QH) gained 34% to $1.57. iRobot Corporation (NASDAQ: IRBT) gained 28.7% to $38.32. Amazon.com Inc.’s (NASDAQ: AMZN) proposed acquisition of iRobot is reportedly on the verge of receiving unconditional approval from European Union antitrust authorities. iClick Interactive Asia Group Limited (NASDAQ: ICLK) climbed 25.7% to $3.77 after the company penned a merger deal with TSH Investment Holding and TSH Merger Sub Limited. Captivision Inc. (NASDAQ: CAPT) gained 24% to $2.01. Scilex Holding Company (NASDAQ: SCLX) climbed 22.7% to $1.24. MMTec, Inc. (NASDAQ: MTC) shares climbed 19.3% to $1.17. The company recently reported a narrower loss for H1. Gyre Therapeutics, Inc. ...

U.S. stocks traded mixed, with the Dow Jones gaining around 90 points on Friday. Shares of Bitfarms Ltd. (NASDAQ: BITF) shares fell sharply during Friday’s session after the company announced a C$60 million private placement with U.S. institutional investors. Bitfarms shares dipped 9.9% to $1.0450 on Friday. Here are some other big stocks recording gains in today’s ...

Limassol, Cyprus, Nov. 21, 2023 (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 third quarter and nine months ended September 30, 2023.

Shares of Dolby Laboratories, Inc. (NYSE: DLB) fell during Friday’s session following weak guidance. Dolby Laboratories reported quarterly earnings of 65 cents per share, surpassing the analyst consensus estimate of 53 cents. The company reported quarterly sales of $290.56 million, which topped the analyst consensus estimate of $290.20 million, according to data from Benzinga Pro. Dolby Laboratories said it sees first-quarter earnings between 80 cents and 95 cents per share, versus the $1.08 estimate. The company sees total revenue in a range between $300 million and $330 million, versus the estimate of $353.67 million. Dolby Laboratories shares dropped 8.3% to $80.49 Here are some other stocks moving in today's mid-day session. Gainers Altamira Therapeutics Ltd. (NASDAQ: CYTO) surged 183% to $0.2830. Altamira Therapeutics announced partial spin-off of Bentrio business. Safe and Green Development Corporation (NASDAQ: SGD) shares jumped 141% to $7.33. Safe And Green Development shares jumped around 559% on Thursday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement. WANG & LEE GROUP, Inc. (NASDAQ: WLGS) shares gained 76.5% to $0.7097. Mural Oncology plc (NASDAQ: MURA) shares gained 41.2% to $5.35 after falling around 92% on Thursday. Curis, Inc. (NASDAQ: CRIS) jumped 36.5% to $8.07. Truist Securities initiated coverage on Curis with a Buy rating and announced a price target of $26. Syntec Optics Holdings, Inc. (NASDAQ: OPTX) shares gained 33% to $6.90 after gaining around 12% on Thursday. Syntec Optics was awarded a contract for optics in biomedical equipment. The Gap, Inc. (NYSE: GPS) gained 26.9% to $17.35 after ...

U.S. stocks traded mostly lower, with the Dow Jones falling over 20 points on Friday. Shares of Ross Stores, Inc. (NASDAQ: ROST) surged during Friday’s session as the company reported upbeat results for its third quarter and raised FY23 earnings guidance. Ross Stores reported quarterly earnings of $1.33 per share, surpassing estimates of $1.21, representing a 33% increase over earnings of $1.00 per share from the same period last year. Revenue clocked in at $4.92 billion, above the analyst consensus estimate of $4.82 billion, according to data from Benzinga Pro. The company raised its full-year 2023 earnings per share outlook from between $5.15 and $5.26 to between $5.30 and $5.36. Ross Stores shares climbed 8.8% to $130.67 on Friday. Here are some big stocks recording gains in today’s ...