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Digital Turbine, Inc. - $APPS STOCK NEWS

Welcome to our dedicated page for Digital Turbine news (Ticker: $APPS), a resource for investors and traders seeking the latest updates and insights on Digital Turbine stock.

Digital Turbine, Inc. (NASDAQ: APPS) is a global leader in providing mobile growth solutions for a diverse range of stakeholders within the mobile application ecosystem, including mobile operators, original equipment manufacturers (OEMs), app advertisers, and mobile publishers. Headquartered in Austin, Texas, with significant global offices in Durham, Berlin, San Francisco, Singapore, Sydney, and Tel Aviv, Digital Turbine's innovative platform connects the mobile ecosystem by delivering apps and content to the right users at the right time.

Digital Turbine's core business is anchored in two primary segments: On Device Solutions and App Growth Platform. Through its On Device Solutions, the company provides white-label billing, content marketplaces, and monetization solutions via app recommendations. The App Growth Platform focuses on end-to-end solutions for app advertisers and publishers to enhance user acquisition, engagement, and monetization. As of recent, Digital Turbine has achieved over 150 million app installs for hundreds of advertisers and serves more than 31 million customers monthly through various global operators.

The company recently expanded its partnership with Xiaomi, aiming to enhance app recommendations for Xiaomi smartphone users worldwide. This collaboration signifies a notable global reach, now delivering innovative solutions to over 800 million devices. Additionally, Digital Turbine has forged a strategic alliance with ONE Store, a major player in Korea's app market, which promises to extend their technology and offerings into new global markets including Taiwan and beyond.

Financially, Digital Turbine has demonstrated robust revenue streams, although it faces certain challenges. For fiscal Q2 2024, the company reported revenues of $143.3 million but also faced a GAAP net loss of $161.5 million, attributed largely to a noncash goodwill impairment charge. Despite these setbacks, the company remains optimistic with strategic investments and a focus on enhancing their on-device presence and direct distribution models. The recent appointment of Michael Akkerman as the Chief Business Officer underscores Digital Turbine's commitment to driving sustained growth and innovation within the mobile growth landscape.

For additional information, please visit www.digitalturbine.com.

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Digital Turbine has appointed Michael Akkerman as the new Chief Business Officer. Akkerman's extensive experience in technology growth, advertising, and strategic partnerships will drive the company's global business efforts. He previously led Uber's Mobility Advertising and was Chief Product & Strategy Officer at Cardlytics, enhancing financial institution growth. He also managed global partnerships at Pinterest. Digital Turbine's CEO, Bill Stone, is confident that Akkerman's leadership will align with the company's vision for global expansion and innovation in the mobile growth ecosystem.

Akkerman is excited to join and leverage Digital Turbine's extensive network of over 800 million devices to create unparalleled value in the advertising economy.

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Digital Turbine (NASDAQ: APPS) reported its fiscal 2024 fourth quarter and annual financial results.

Fourth quarter revenue reached $112.2 million, a 20% YoY decline. The GAAP net loss was $236.5 million, or $2.32 per share, including a $189.5 million noncash goodwill impairment. Non-GAAP adjusted net income was $12.6 million, or $0.12 per share.

For the full fiscal 2024, revenue totaled $544.5 million. The GAAP net loss was $420.4 million, or $4.16 per share, including a $336.6 million noncash goodwill impairment. Non-GAAP adjusted net income was $60.3 million, or $0.58 per share. Non-GAAP adjusted EBITDA was $92.4 million.

The company anticipates fiscal 2025 revenue between $540 million and $560 million, and Non-GAAP adjusted EBITDA between $85 million and $95 million.

New partnerships are expected to add 70+ million devices globally, and new features and leadership are aimed at future growth.

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Digital Turbine (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast on May 28, 2024, at 4:30pm ET to discuss its fourth quarter and fiscal 2024 financial results and operating progress. The call will be hosted by CEO Bill Stone and CFO Barrett Garrison. Interested parties can access the call via a provided webcast link or by dialing specific phone numbers. A live and archived webcast will be available in the Investor Relations section of Digital Turbine's website for one year.

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Digital Turbine (APPS) partners with Scope3 to create Green Media Products, reducing carbon footprint in mobile advertising. Scope3 data enables brands to optimize spend and reduce emissions, with DT positioned as an efficient mobile advertising partner.
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ONE Store partners with HAPPYTUK to launch a local app market in Taiwan by year-end, aiming for global expansion. The collaboration includes platform, ecosystem, and marketing plans, with strategic partnerships with key players like Krafton and Digital Turbine.
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Digital Turbine and Apptopia launch the B.I.G. BRAG Index IV focusing on mobile gaming advertising potential, revealing 100+ brands with untapped opportunities. The index highlights over-indexed brands in popular mobile game categories, providing valuable insights for tailored marketing campaigns in 2024.
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Digital Turbine, Inc. (APPS) reported third-quarter revenue of $142.6 million, representing a 12% year-over-year decline. The GAAP net loss was $14.1 million, with a non-GAAP adjusted net income of $15.6 million. The company's non-GAAP adjusted EBITDA totaled $25.4 million. Despite near-term headwinds, the CEO remains optimistic about the market opportunity and future growth prospects in 2024 and beyond.
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Digital Turbine (APPS) announces partnership with ONE Store to bring SingleTap® capabilities to over 40 million devices in Korea, with plans for expansion into other markets.
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Digital Turbine (NASDAQ: APPS) has invested $10 million in ONE Store, a leading Korean app market, to expand its reach into international markets, leveraging Digital Turbine's SingleTap® technology and global growth solutions. The partnership aims to enhance ONE Store's app marketplace and provide optimized app install journeys and conversion rates for app developers.
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Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call to discuss its fiscal 2024 third quarter financial results and operating progress. The call, led by CEO Bill Stone and CFO Barrett Garrison, can be accessed online or via phone. A live and archived webcast will be available on the company's website.
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FAQ

What does Digital Turbine, Inc. specialize in?

Digital Turbine specializes in providing mobile growth solutions, including app distribution, user acquisition, and monetization for mobile operators, OEMs, app advertisers, and publishers.

Where is Digital Turbine headquartered?

Digital Turbine is headquartered in Austin, Texas.

What are the main business segments of Digital Turbine?

The main business segments are On Device Solutions and App Growth Platform.

What recent partnership has Digital Turbine expanded?

Digital Turbine recently expanded its partnership with Xiaomi to enhance app recommendations for Xiaomi smartphone users worldwide.

How has Digital Turbine performed financially in recent quarters?

For fiscal Q2 2024, Digital Turbine reported revenues of $143.3 million but faced a GAAP net loss of $161.5 million, mainly due to a noncash goodwill impairment charge.

What is Digital Turbine's recent strategic investment?

Digital Turbine secured a $10 million investment from ONE Store, with a focus on expanding their app marketplace solutions globally.

Who is the new Chief Business Officer at Digital Turbine?

Michael Akkerman was appointed as the Chief Business Officer to lead the company's global business initiatives.

What are some of the global offices of Digital Turbine?

Digital Turbine has global offices in Durham, Berlin, San Francisco, Singapore, Sydney, and Tel Aviv.

How many app installs has Digital Turbine achieved?

Digital Turbine has achieved over 150 million app installs for hundreds of advertisers.

What is the significance of Digital Turbine’s partnership with ONE Store?

The partnership with ONE Store aims to expand Digital Turbine’s app distribution and growth solutions into new global markets, enhancing their footprint in international app markets.

Digital Turbine, Inc.

Nasdaq:APPS

APPS Rankings

APPS Stock Data

161.96M
91.99M
4.02%
70.96%
5.36%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Real Estate and Rental and Leasing
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United States of America
AUSTIN

About APPS

digital turbine (nasdaq: apps) aims to deliver the right app to the right person at the right time, around the world. we provide products and solutions for mobile operators and oems, app advertisers, and mobile publishers, to make the most of the app ecosystem. our app marketing solutions enable brands and app developers to acquire users and promote their brands, while giving mobile content publishers an efficient means of monetization. while our mobile operator and oem products enable white-label billing and content marketplaces as well as monetization solutions through app recommendations. digital turbine has delivered more than 150 million app installs for hundreds of advertisers, and more than 31 million customers use our solutions each month across more than 20 global operators. digital turbine is headquartered in austin, texas with global offices in durham, berlin, san francisco, singapore, sydney and tel aviv. for additional information visit www.digitalturbine.com. follow us on