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 mobile platform company that regularly issues news and updates related to its financial performance, partnerships, and industry activities. This APPS news page aggregates company announcements so readers can follow how Digital Turbine describes the evolution of its mobile platform, relationships with operators, advertisers, publishers, and app developers, and its broader role in the mobile ecosystem.
Digital Turbine frequently releases earnings announcements detailing quarterly and annual financial results, including revenue by segment for On Device Solutions and the App Growth Platform, GAAP results, and non-GAAP measures such as adjusted net income, adjusted EBITDA, free cash flow, and gross profit. These releases often include commentary from management about business momentum, demand for the platform, and updates to the company’s financial outlook.
Investors can also find capital markets and financing news, such as information about term loan credit facilities, warrant issuances, and at-the-market equity offering programs, as well as announcements about debt refinancing and updated annual guidance ranges. Such items are typically coordinated with related SEC filings.
Digital Turbine’s news flow includes strategic and ecosystem developments, for example membership in The Coalition for a Competitive Mobile Experience and partnerships with device brands like Alcatel in India to integrate its technologies into smartphones. These announcements illustrate how the company positions its platform within the mobile app distribution and monetization landscape.
The company also publishes notices of conference calls, webcasts, and investor conference participation, providing details on how to access live and archived presentations. Readers who follow APPS news can use these updates to track the company’s own narrative about its strategy, risk factors, and operational focus over time.
Digital Turbine (Nasdaq: APPS) announced the rescheduling of its fourth quarter and fiscal 2021 financial results call to June 1, 2021, after the market closes. The call will start at 4:30 PM ET and will be hosted by CEO Bill Stone and CFO Barrett Garrison. This change accommodates the anticipated completion of a recent acquisition. A live and archived webcast will be available on the company's website, and a replay will be accessible until June 8, 2021.
Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call on May 26, 2021, at 4:30 PM ET to discuss its fourth quarter and fiscal 2021 financial results. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Interested parties can access the call by dialing 855-238-2713 in the U.S. or 412-542-4111 internationally. A playback will be available until June 2, 2021. Digital Turbine simplifies content discovery and has partnered with over 40 mobile operators worldwide, delivering over three billion app preloads.
Digital Turbine (Nasdaq: APPS) announced that CEO Bill Stone will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 10:30am PT. A live webcast will be available on the company’s investor relations site. Additionally, Stone and CFO Barrett Garrison will hold investor meetings during the conference. Digital Turbine enhances app and content discovery, serving over 40 mobile operators worldwide, and has facilitated over three billion app preloads across various campaigns.
Digital Turbine (Nasdaq: APPS) has appointed Holly Hess Groos to its Board of Directors, effective May 4, 2021. Groos brings extensive experience in telecommunications and digital media, having held senior strategic roles at Verizon and served as CFO for Verizon Wireless. Her expertise includes financial operations and audit functions. Chairman Rob Deutschman noted that Groos's leadership and operational experience will aid in the company's growth strategy. Digital Turbine focuses on simplifying content discovery and has partnered with over 40 mobile operators globally.
Digital Turbine, Inc. (Nasdaq: APPS) has successfully acquired AdColony, a key mobile advertising platform with over 1.5 billion global users. This acquisition aims to enhance Digital Turbine's media solutions for its partners and improve user experiences through targeted content delivery. AdColony's estimated revenue for Q1 2021 stands at $58.3 million, marking a 37% increase year-over-year. Following this, Digital Turbine anticipates a revenue of $135 to $140 million for Q1 fiscal 2022. Additionally, the company secured a $400 million credit facility to support its growth initiatives.
Digital Turbine has announced a definitive purchase agreement to acquire approximately 95% of Fyber N.V. for $600 million. This acquisition is part of Digital Turbine's strategy to enhance its mobile advertising solutions. The deal includes $150 million in cash at closing, $400 million in newly issued shares, and an additional $50 million earn-out based on Fyber's future revenues. The acquisition aims to create a comprehensive mobile advertising ecosystem, leveraging Fyber's expertise and extensive network to enhance profitability for app developers.
On March 9, 2021, Digital Turbine (Nasdaq: APPS) announced that CEO Bill Stone will engage in a live virtual fireside chat at the 33rd Annual ROTH Conference on March 15, 2021, starting at 10:30 AM ET. Investors can access the webcast via the provided link. Following the chat, Mr. Stone will conduct virtual one-on-one and small group meetings with investors throughout the day. Digital Turbine specializes in content discovery on mobile devices, partnering with over 40 operators and OEMs globally, delivering over three billion app preloads for various advertising campaigns.
Digital Turbine (Nasdaq: APPS) has acquired Triapodi Ltd. (d/b/a Appreciate), a programmatic mobile advertising DSP company, for $22.5 million in cash, plus $6.0 million in performance bonuses. Appreciate's platform conducts approximately 60 billion daily auctions and enhances Digital Turbine's media and advertising solutions, enriching user experiences. The acquisition aligns with Digital Turbine's strategy to provide comprehensive solutions for its partners while leveraging synergies with AdColony, thereby enhancing its ad-tech capabilities.
Digital Turbine (Nasdaq: APPS) announced a definitive agreement to acquire AdColony from Otello Corporation for an estimated $350 million to $375 million. This acquisition expands Digital Turbine's position in the mobile advertising space, leveraging AdColony's reach to over 1.5 billion users and its advanced video technologies. The deal includes $100 million at closing, another $100 million after six months, and an earn-out of up to $175 million based on future performance. The acquisition is expected to close in the fiscal fourth quarter, pending shareholder approval.
Digital Turbine, Inc. (Nasdaq: APPS) reported strong financial results for the fiscal third quarter of 2021, with total revenue at $88.6 million, a 146% increase from the previous year. Application Media revenue rose 58% to $56.9 million, while Content Media revenue reached $31.7 million. GAAP net income was $14.5 million ($0.15/share), up from $3.3 million in Q3 2020. Non-GAAP adjusted net income surged 278% to $20.0 million ($0.21/share). The company also entered a new $100 million credit facility to enhance growth. Full-year revenue guidance is set between $298 million and $300 million.