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Upturn AI SWOT - About
GDEV 
GDEV Inc. (GDEV)
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Upturn Advisory Summary
08/28/2025: GDEV (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $70
1 Year Target Price $70
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -39.08% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 258.26M USD | Price to earnings Ratio 9.96 | 1Y Target Price 70 |
Price to earnings Ratio 9.96 | 1Y Target Price 70 | ||
Volume (30-day avg) 2 | Beta 0.95 | 52 Weeks Range 8.60 - 35.39 | Updated Date 08/29/2025 |
52 Weeks Range 8.60 - 35.39 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.38 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.07% | Operating Margin (TTM) 13.06% |
Management Effectiveness
Return on Assets (TTM) 8.54% | Return on Equity (TTM) - |
Valuation
Trailing PE 9.96 | Forward PE 7.39 | Enterprise Value 115601436 | Price to Sales(TTM) 0.61 |
Enterprise Value 115601436 | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 0.27 | Enterprise Value to EBITDA 3.17 | Shares Outstanding 18130100 | Shares Floating 5531853 |
Shares Outstanding 18130100 | Shares Floating 5531853 | ||
Percent Insiders 84.58 | Percent Institutions 0.19 |
Upturn AI SWOT
GDEV Inc.
Company Overview
History and Background
GDEV Inc. was founded in 2003. It is a leader in developing interactive entertainment products and services with over 450 employees in 6 countries. The company started with creating online games and expanded into mobile game development.
Core Business Areas
- Mobile Games: Development and publishing of mobile games across various genres, including strategy, action, and casual games. Focusing on high-quality graphics and engaging gameplay to attract a wide audience.
- Online Games: Development and operation of free-to-play online games for PC, focusing on creating a vast community and a player-first approach.
- Platform Licensing: Licensing its proprietary game engine and development tools to other game developers. Providing technical support and resources for partners.
Leadership and Structure
The company is led by CEO Sergei Zubov, who has been with the company for over 15 years. The organizational structure is based on functional teams, including development, marketing, and operations, with a matrix reporting structure.
Top Products and Market Share
Key Offerings
- Lords Mobile: A real-time strategy mobile game where players build their kingdoms, train troops, and participate in epic battles. It has over 300 million registered users and generates significant revenue for the company. Market share is approximately 10% in the mobile strategy game market. Key competitors include Clash of Clans (Supercell) and Rise of Kingdoms (Lilith Games).
- Castle Clash: A freemium mobile MMO strategy video game developed and published by IGG Inc, released in August 2013 for Android and iOS. It has over 100 million players. Competitors include Boom Beach.
- Game Engine: Proprietary game engine used for developing in-house games and licensed to other developers. Provides advanced rendering capabilities, physics simulation, and AI tools. There is no specific market share data available.
Market Dynamics
Industry Overview
The interactive entertainment industry is experiencing rapid growth, driven by increasing smartphone penetration, advancements in gaming technology, and the rise of esports. The market is highly competitive with established players and emerging studios.
Positioning
GDEV Inc. is positioned as a leading developer and publisher of mobile and online games, with a strong focus on innovation and player engagement. The company's competitive advantages include its experienced development team, proprietary game engine, and global distribution network.
Total Addressable Market (TAM)
The global gaming market is expected to reach $340 billion by 2027. GDEV Inc. is well-positioned to capture a significant share of this market through its diverse portfolio of games and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Experienced development team
- Proprietary game engine
- Global distribution network
- Strong portfolio of mobile and online games
- Player-first approach
Weaknesses
- High dependency on a few key titles
- Vulnerability to market trends
- Limited presence in console gaming
- Intense competition
Opportunities
- Expansion into new gaming genres
- Partnerships with leading tech companies
- Growth in emerging markets
- Exploration of cloud gaming and blockchain technology
Threats
- Changing player preferences
- Increased competition from established players
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- TCEHY
- NTDOY
- ATVI
- EA
Competitive Landscape
GDEV Inc. has a strong presence in the mobile game market but faces intense competition from larger companies with more diverse portfolios. GDEV excels in specific genres but needs to broaden its offerings to compete more effectively.
Major Acquisitions
Yotta Games
- Year: 2019
- Acquisition Price (USD millions): 120
- Strategic Rationale: Acquired Yotta Games to expand its presence in the real-time strategy genre and gain access to new development talent.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is unavailable for the demonstration of the requested format for this response.
Future Projections: Future projections data is unavailable for the demonstration of the requested format for this response.
Recent Initiatives: Recent strategic initiatives data is unavailable for the demonstration of the requested format for this response.
Summary
GDEV Inc. is a strong contender in the mobile gaming market, particularly with titles like Lords Mobile. They have strong development capabilities but face intense competition and need to diversify their portfolio. Recent acquisitions are positive signs for growth, but they must navigate market trends and regulatory changes carefully. The company needs to continuously innovate and adapt to maintain its competitive edge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports, industry analysis, market research reports
Disclaimers:
The information provided is for informational purposes only and should not be considered as financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About GDEV Inc.
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2020-10-05 | Co-Founder, Chairman of the Board & CEO Mr. Andrey Fadeev | ||
Sector Communication Services | Industry Electronic Gaming & Multimedia | Full time employees 589 | Website https://gdev.inc |
Full time employees 589 | Website https://gdev.inc | ||
GDEV Inc. develops and publishes online games in the United States, Europe, Asia, and internationally. Its core product offering includes Hero Wars, offers a suite of games across mobile, social, and web-based platforms, as well as franchises gaming in the role-playing game genre. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.
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