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Exhibit 99.1 - GDEV announces results for the second quarter and first half of 2026 August [ 21 ] , 2026 – Limassol , Cyprus – GDEV Inc. ( NASDAQ : GDEV ) , an international gaming and entertainment company ( " GDEV " or the " Company " ) released its unaudited financial and operational results for the second quarter and first half - year ended June 30 , 2026 . Second quarter 2026 financial highlights : • Revenue of $ 94 million decreased by 22 % year - over - year . • Selling and marketing expenses of $ 33 million decreased by 38 % year - over - year . • • Profit for the period , net of tax , of $ 20 million in Q2 2026 increased vs. $ 17 million in Q2 2025 . Adjusted EBITDA amounted to $ 20 million in Q2 2026 decreased vs. $ 22 million in Q2 2025 . Second quarter and first half of 2026 financial performance in comparison US $ million Revenue Platform commissions Game operation cost Selling and marketing expenses General and administrative expenses Profit for the period , net of tax Adjusted EBITDA¹ Cash flows generated from operating activities Second quarter 2026 financial performance Change ( ( 22 ) % ( 29 ) % H1 2026 193 H1 2025 Change ( ) 217 ( 11 ) % ( 17 ) % 2 % ( 27 ) % mm Q2 2026 94 Q2 2025 120 ( 18 ) ( 25 ) ( 38 ) ( 46 ) ( 15 ) ( 14 ) ( 33 ) ( 53 ) ( 9 ) ( 9 ) 2 % ( 38 ) % ( 3 ) % ( 28 ) ( 69 ) ( 28 ) ( 95 ) ( 18 ) ( 17 ) 20 17 20 % 37 20 22 ( 7 ) % 39 31 38 21 % 2 % 10 ( 10 ) N / M 15 ( 4 ) N / M 9 % In the second quarter of 2026 , our revenue decreased by $ 26 million ( or 22 % ) year - over - year and amounted to $ 94 million . The decrease was primarily driven by a decrease in bookings . Platform commissions decreased by $ 7 million ( or 29 % ) in the second quarter of 2026 compared to the same period in 2025 in line with the decrease in revenue . Game operation costs remained relatively stable at the level of $ 15 million in the second quarter of 2026 vs. $ 14 million in the second quarter of 2025 . Selling and marketing expenses in the second quarter of 2026 decreased by $ 20 million vs. the same period in 2025 , amounting to $ 33 million . This decrease is driven by our continued focus on improving the efficiency of user acquisition activities . The decrease reflects a more selective approach to performance marketing , prioritizing channels that attract players with higher long - term value over broad - scale campaigns aimed at short - term growth . General and administrative expenses remained stable at $ 9 million in the second quarters of both 2026 and 2025 . As a result of the factors above , together with ( i ) the effect of a net foreign exchange loss in the second quarter of 2026 in the amount of $ 1 million vs. a net foreign exchange gain in the amount of $ 1 million in the same period of the prior year and ( ii ) share of profits of equity accounted associates in the second quarter of 2026 in the amount of $ 2 million vs. the share of losses of equity accounted associates in the amount of $ 2 million in the same period of the prior year , we recorded a profit for the period , net of tax , of $ 20 million in the second quarter of 2026 compared with $ 17 million in the same period of 2025. Adjusted EBITDA in the second quarter of 2026 amounted to $ 20 million , a decrease of $ 2 million compared with the same period in 2025 driven primarily by the same factors as those affecting the profit , except for the share of profits or losses of equity accounted associates , which do not impact the Adjusted EBITDA . Cash flows generated from operating activities were positive $ 10 million in the second quarter of 2026 compared with negative $ 10 million in the same period in 2025 . ¹ For more information , see section titled “ Presentation of Non - IFRS Financial Measures " on the last two pages of this report , including the reconciliation of the profit for the period , net of tax to the Adjusted EBITDA .