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TickerDDI
SectorElectronic Gaming & Multimedia
Mkt cap$575M
EV / EBITDA1.5×
PostureQuiet Issuer
Composite22/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1799567

DoubleDown Interactive Co., Ltd.

DDIQUIET ISSUERQUIET

DoubleDown Interactive Co., Ltd. reads as Quiet Issuer (composite 22/100); pressure / disclosure signals dominate the posture this cycle · primary market Marketing & Data.

Lens

Disclosed M&A capital (2023–2025)

$68M

new

vs N/A in 2020–2022

Disclosed transactions

2

+100%

2/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

22

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$360M
EBITDA$151M
Enterprise value$229M
EV / Revenue0.6×
EV / EBITDA1.5×
P/EN/A
Cash$389M
Total debt$39M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

12/100

Companies actively deploying disclosed capital into M&A

  • $68M disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

Target Probability

6/100

Issuers showing target-side patterns from filings

  • 1 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 1 activism filings

Pressure Watch

22/100

Issuers facing activism, governance, or control pressure

  • 1 activism filings
  • Latest activism 4.6y ago; discounted
  • Shareholder pressure language

Distress Watch

17/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q
  • 1 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

11/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $229M
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $45M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$45M$45MN/A
2024N/AN/AN/AN/A
20231$24M$24MN/A
2022N/AN/AN/AN/A
20211N/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • horizontal_consolidation
  • platform
  • talent_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Goodwill represents the excess of the purchase price over the preliminary fair value of identifiable assets acquired and liabilities assumed at the acquisition date and is primarily attributable to the assembled workforce and expected synergies at the time of the acquisition.

10-KFY2025

The transaction is expected to enable the Company to expand into the i-Gaming market.

10-KFY2023
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Marketing & Data

Market spend (2023–2025)
$51.4B
Market spend (2020–2022)
$63.5B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

1.5×EV / EBITDA

DDI trades at a -20.9-turn discount to the Marketing & Data peer median of 22.4×.

EV / Revenue
0.6×
Net debt / EBITDA
-2.3×
Peer median EV / EBITDA
22.4×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
22.4×11.6×-0.2×$422.6B$3.2B
DoubleDown Interactive Co., Ltd.DDI
1.5×0.6×-2.3×$360M$68M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Marketing & Data. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)62026-03-31
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)12021-11-01

Signals on file

  • elevated

    Activism on file

    2021-11-01

    1 activist filing on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    Shareholder pressure

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

DoubleDown Interactive Co., Ltd.: Issuer Brief | SE-Cluster