Digital Turbine Inc Stock Price, News & Analysis

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.

Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call on February 3, 2021, at 4:30 PM ET to discuss its fiscal 2021 third quarter financial results. The call will feature CEO Bill Stone and CFO Barrett Garrison. Interested parties can join by dialing 855-238-2713 in the U.S. or 412-542-4111 internationally. A live webcast will also be available on their website.

Digital Turbine, Inc. (Nasdaq: APPS) reported a strong fiscal second quarter for 2021, with revenue of $70.9 million, marking a 116% increase year-over-year. Application Media revenue rose 50% to $49.1 million, while Content Media revenue reached $21.8 million. The company achieved GAAP net income of $0.4 million or $0.00 per share, recovering from a loss of $1.3 million last year. Non-GAAP adjusted net income was $14.5 million, 265% higher than the previous year. Looking ahead, revenue guidance for Q3 is projected between $72 million and $75 million.

Digital Turbine, Inc. (Nasdaq: APPS) has announced a conference call on October 29 at 4:30 PM ET to discuss its fiscal 2021 second quarter financial results. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Interested participants can join the call by dialing 855-238-2713 in the U.S. or 412-542-4111 internationally. A webcast will also be available on Digital Turbine's Investor Relations page, with a replay option until November 5.

Digital Turbine reported strong financial results for the fiscal first quarter ended June 30, 2020. Revenue reached $59.0 million, a remarkable 93% year-over-year growth, with GAAP net income of $9.9 million ($0.11/share), improving from a loss of $1.7 million in the prior year. Non-GAAP adjusted net income was $12.5 million ($0.13/share), up from $4.2 million ($0.05/share). Adjusted EBITDA surged 235% to $14.1 million. The company anticipates second-quarter revenues between $59 million and $61 million.

Digital Turbine (Nasdaq: APPS) announced a conference call on August 5, 2020, at 4:30 PM ET to discuss its fiscal 2021 first quarter financial results and operational progress. The call will be led by CEO Bill Stone and CFO Barrett Garrison, with access via phone or webcast. A playback will be available until August 12, 2020. Digital Turbine specializes in mobile content discovery and has partnered with over 40 mobile operators globally, achieving more than three billion app preloads to date.