false2023-03-310001799567--12-31Excluding depreciation and amortizationGeographic location is presented as being derived from the U.S. when data is not available Contract assets are included within prepaid expenses and other assets in our consolidated balance sheet 0001799567 2023-01-01 2023-03-31 0001799567 2022-01-01 2022-03-31 0001799567 2023-03-31 0001799567 2022-12-31 0001799567 2022-01-01 2022-12-31 0001799567 2017-01-01 2017-12-31 0001799567 2021-09-02 0001799567 2022-08-30 2022-08-30 0001799567 2022-12-28 2022-12-28 0001799567 2022-08-01 2022-08-29 0001799567 2021-12-31 0001799567 2022-03-31 0001799567 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001799567 us-gaap:TrademarksMember 2023-01-01 2023-03-31 0001799567 ddi:SoftwareMember 2023-01-01 2023-03-31 0001799567 ddi:DevelopmentCostsMember 2023-01-01 2023-03-31 0001799567 ddi:PurchasedTechnologyMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerRelationshipsMember 2023-01-01 2023-03-31 0001799567 us-gaap:CostOfSalesMember 2023-01-01 2023-03-31 0001799567 us-gaap:InterestExpenseMember 2023-01-01 2023-03-31 0001799567 us-gaap:GeneralAndAdministrativeExpenseMember 2023-01-01 2023-03-31 0001799567 ddi:DoubleuGamesLicenseAgreementMember 2023-01-01 2023-03-31 0001799567 ddi:InternationalGamingTechnologiesMember 2023-01-01 2023-03-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-03-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-03-31 0001799567 ddi:GangnamguMember 2023-01-01 2023-03-31 0001799567 ddi:AppleMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ddi:FacebookMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember ddi:GoogleMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:AppleMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:FacebookMember 2023-01-01 2023-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:GoogleMember 2023-01-01 2023-03-31 0001799567 ddi:FourPointSixPercentSeniorNotesDueToRelatedPartiesInTwoThousandAndTwentyFourMember 2023-01-01 2023-03-31 0001799567 ddi:MobileMember 2023-01-01 2023-03-31 0001799567 ddi:WebMember 2023-01-01 2023-03-31 0001799567 country:US 2023-01-01 2023-03-31 0001799567 us-gaap:NonUsMember 2023-01-01 2023-03-31 0001799567 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-03-31 0001799567 us-gaap:CostOfSalesMember 2022-01-01 2022-03-31 0001799567 us-gaap:InterestExpenseMember 2022-01-01 2022-03-31 0001799567 us-gaap:GeneralAndAdministrativeExpenseMember 2022-01-01 2022-03-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2022-01-01 2022-03-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-01-01 2022-03-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AppleMember us-gaap:SalesRevenueNetMember 2022-01-01 2022-03-31 0001799567 us-gaap:SalesRevenueNetMember ddi:FacebookMember us-gaap:CustomerConcentrationRiskMember 2022-01-01 2022-03-31 0001799567 us-gaap:SalesRevenueNetMember ddi:GoogleMember us-gaap:CustomerConcentrationRiskMember 2022-01-01 2022-03-31 0001799567 ddi:InternationalGamingTechnologiesMember 2022-01-01 2022-03-31 0001799567 ddi:MobileMember 2022-01-01 2022-03-31 0001799567 ddi:WebMember 2022-01-01 2022-03-31 0001799567 country:US 2022-01-01 2022-03-31 0001799567 us-gaap:NonUsMember 2022-01-01 2022-03-31 0001799567 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2023-03-31 0001799567 ddi:SoftwareMember 2023-03-31 0001799567 ddi:PurchasedTechnologyMember 2023-03-31 0001799567 ddi:DevelopmentCostsMember 2023-03-31 0001799567 us-gaap:TrademarksMember 2023-03-31 0001799567 us-gaap:CustomerRelationshipsMember 2023-03-31 0001799567 ddi:LongTermBorrowingWithRelatedPartyMember 2023-03-31 0001799567 ddi:AccountsPayableAndAccruedExpensesMember 2023-03-31 0001799567 ddi:ShortTermOperatingLeaseLiabilitiesMember 2023-03-31 0001799567 us-gaap:OtherNoncurrentLiabilitiesMember 2023-03-31 0001799567 ddi:LongTermLeaseLiabilitiesMember 2023-03-31 0001799567 srt:MaximumMember ddi:InternationalGamingTechnologiesMember 2023-03-31 0001799567 ddi:DoubleuGamesCoLtdMember ddi:EquityInvesteeMember 2023-03-31 0001799567 ddi:SticSpecialSituationPrivateEquityFundMember 2023-03-31 0001799567 ddi:SticMember 2023-03-31 0001799567 ddi:InternationalGamingTechnologiesMember us-gaap:IPOMember 2023-03-31 0001799567 ddi:GangnamguMember 2023-03-31 0001799567 ddi:FourPointSixPercentSeniorNotesDueToRelatedPartiesInTwoThousandAndTwentyFourMember 2023-03-31 0001799567 ddi:FourPointSixPercentSeniorNotesDueToRelatedPartiesInTwoThousandAndTwentyFourMember ddi:SticMember 2023-03-31 0001799567 us-gaap:FairValueInputsLevel2Member us-gaap:MoneyMarketFundsMember 2023-03-31 0001799567 ddi:PrepaidExpensesAndOtherAssetsMember 2023-03-31 0001799567 us-gaap:SeniorNotesMember us-gaap:FairValueInputsLevel3Member 2023-03-31 0001799567 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2022-12-31 0001799567 ddi:SoftwareMember 2022-12-31 0001799567 ddi:DevelopmentCostsMember 2022-12-31 0001799567 us-gaap:CustomerRelationshipsMember 2022-12-31 0001799567 ddi:PurchasedTechnologyMember 2022-12-31 0001799567 us-gaap:TrademarksMember 2022-12-31 0001799567 ddi:LongTermBorrowingWithRelatedPartyMember 2022-12-31 0001799567 ddi:AccountsPayableAndAccruedExpensesMember 2022-12-31 0001799567 ddi:ShortTermOperatingLeaseLiabilitiesMember 2022-12-31 0001799567 us-gaap:OtherNoncurrentLiabilitiesMember 2022-12-31 0001799567 ddi:LongTermLeaseLiabilitiesMember 2022-12-31 0001799567 ddi:FourPointSixPercentSeniorNotesDueToRelatedPartiesInTwoThousandAndTwentyFourMember 2022-12-31 0001799567 us-gaap:FairValueInputsLevel2Member us-gaap:MoneyMarketFundsMember 2022-12-31 0001799567 srt:MaximumMember 2022-12-31 0001799567 ddi:PrepaidExpensesAndOtherAssetsMember 2022-12-31 0001799567 us-gaap:IPOMember 2021-09-02 2021-09-02 0001799567 ddi:AmericanDepositarySharesMember us-gaap:IPOMember 2021-09-02 0001799567 ddi:AmericanDepositarySharesMember 2021-09-02 0001799567 ddi:SticSpecialSituationPrivateEquityFundMember 2021-09-02 0001799567 ddi:SeattleMember 2012-07-01 0001799567 ddi:SeattleMember 2019-10-01 2019-10-01 0001799567 ddi:InternationalGamingTechnologiesMember 2017-12-31 0001799567 ddi:InternationalGamingTechnologiesMember 2018-12-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:AppleMember 2022-01-01 2022-12-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:FacebookMember 2022-01-01 2022-12-31 0001799567 us-gaap:CustomerConcentrationRiskMember ddi:AccountReceivableConcentrationMember ddi:GoogleMember 2022-01-01 2022-12-31 0001799567 srt:MinimumMember 2022-01-01 2022-12-31 0001799567 ddi:SuprNationMember 2023-01-01 2023-01-31 0001799567 srt:MaximumMember 2021-12-31 0001799567 srt:ScenarioForecastMember 2023-04-01 2023-06-30 0001799567 us-gaap:RetainedEarningsMember 2022-12-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001799567 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001799567 us-gaap:CommonStockMember 2022-12-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-03-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2023-03-31 0001799567 us-gaap:CommonStockMember 2023-03-31 0001799567 us-gaap:RetainedEarningsMember 2023-03-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001799567 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001799567 us-gaap:RetainedEarningsMember 2021-12-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001799567 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001799567 us-gaap:CommonStockMember 2021-12-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2021-12-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2021-12-31 0001799567 us-gaap:AccumulatedTranslationAdjustmentMember 2022-03-31 0001799567 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-03-31 0001799567 us-gaap:RetainedEarningsMember 2022-03-31 0001799567 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-03-31 0001799567 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001799567 us-gaap:CommonStockMember 2022-03-31 iso4217:USD xbrli:shares utr:Year xbrli:pure utr:sqft iso4217:KRW utr:Day iso4217:EUR iso4217:USD xbrli:shares ddi:titles iso4217:KRW xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM
6-K/A
(Amendment No. 1)
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2023
Commission File Number
001-39349
 
 
DoubleDown Interactive Co., Ltd.
(Translation of registrant’s name into English)
 
 
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5
th
 Avenue, Suite 300
Seattle, WA 98104
+1-206-408-4545
(Address of principal executive offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
☒  Form 20-F
☐  Form
40-F
 
 
 

EXPLANATORY NOTE
This report on Form
6-K/A
(this “
Amendment
”) amends the report on Form
6-K
previously filed on May 10, 2023 (the “
Original
6-K
”) to provide the unaudited consolidated financial statements for the three months ended March 31, 2023 of DoubleDown Interactive Co., Ltd. (the “
Interim Financial Statements
”) set forth on Exhibit 99.1 to this Amendment using Inline eXtensible Business Reporting Language (“
iXBRL
”), in accordance with Section 405 of Regulation
S-T
and Paragraph C.(6)(b) of the General Instructions to Form
6-K.
The Interim Financial Statements were previously furnished without iXBRL as Exhibit 99.2 to the Original
6-K.
Except as described above, this Amendment does not amend, update or restate any information set forth in the Original
6-K
or reflect any events that occurred subsequent to the original date of the Original
6-K.
EXHIBIT INDEX
 
Exhibit No.
  
Description
99.1    Unaudited consolidated financial statements of the Company for the three months ended March 31, 2023
101.SCH
  
XBRL Taxonomy Extension Schema Document
101.CAL
  
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
  
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
  
XBRL Taxonomy Extension Label Linkbase Document
101.PRE
  
XBRL Taxonomy Extension Presentation Linkbase Document
104
  
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
DOUBLEDOWN INTERACTIVE CO., LTD.
Date: May 19, 2023    
 
 
By:
 
/s/ Joseph A. Sigrist
 
 
 
Name: Joseph A. Sigrist
 
 
 
Title: Chief Financial Officer