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) delivers innovative mobile growth solutions through its end-to-end advertising platform. This news hub provides investors and industry professionals with essential updates about the company's strategic developments in mobile ad tech and app ecosystem partnerships.
Track official press releases, financial disclosures, and operational milestones including product launches, OEM collaborations, and ad tech innovations. Our curated feed ensures access to verified information about user acquisition strategies, monetization advancements, and global market expansions.
Key updates include earnings announcements, technology partnerships with mobile operators, and developments in programmatic advertising solutions. Stay informed about initiatives like SingleTap installations and white-label billing system enhancements that shape APPS' position in mobile ecosystems.
Bookmark this page for real-time updates on Digital Turbine's progress in streamlining app discovery and mobile advertising efficiency. Regularly refreshed content helps stakeholders monitor the company's performance in connecting advertisers, publishers, and device manufacturers worldwide.
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.
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.
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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