Digital Turbine Inc Stock Price, News & Analysis

Digital Turbine reported a second quarter revenue of $174.9 million, reflecting a 7% decline year-over-year. However, GAAP net income reached $11.7 million or $0.11 per share, reversing a loss from the same period last year. Non-GAAP adjusted net income stood at $35.0 million ($0.34 per share) compared to $45.3 million a year ago. Adjusted EBITDA rose to $48.2 million, a 1% increase year-over-year, achieving a record 28% margin. The company anticipates third quarter revenue between $180 million and $190 million.

Digital Turbine (Nasdaq: APPS) will host a conference call and webcast on November 9, 2022, at 4:30 PM ET to discuss its fiscal 2023 second quarter financial results. CEO Bill Stone and CFO Barrett Garrison will lead the call. Interested participants can join by dialing 888-317-6003 within the U.S. or 412-317-6061 internationally, using access code 5886959. A replay will be available until November 16, 2022. Digital Turbine, a mobile growth platform, integrates advertising technology with devices by carriers and OEMs.

Digital Turbine (NASDAQ: APPS) announced a strategic investment in Aptoide, one of the largest independent Android app stores, during its Series-B funding round, amounting to $12M. This partnership aims to enhance app distribution solutions for app developers and operators, leveraging both companies' technologies. Digital Turbine's Ignite platform, installed on over 800 million devices, simplifies app discovery. The collaboration promises a more curated app experience, driving growth for developers and operators in the complex mobile ecosystem.

Digital Turbine (NASDAQ: APPS) and Apptopia have released the BRAG (Brand Relative App Growth) Index II, providing insights into mobile app performance trends. The index analyzes brand metrics, including Brand Power and Brand Velocity, to assess market positioning. Key findings reveal which financial brands are likely to evolve into super apps, which streaming services can thrive amidst content competition, and shopping brands gaining traction despite reduced discretionary spending. The report aims to enhance understanding of the interplay between brand strength and app successes in a user acquisition-focused landscape.

Digital Turbine reported a first quarter revenue of $188.6 million, highlighting a 19% year-over-year increase on an as-reported basis and 5% on a pro forma basis. The GAAP net income stood at $15.0 million with an EPS of $0.15. Non-GAAP EPS increased by 12% to $0.38, alongside a 30% year-over-year rise in Non-GAAP adjusted EBITDA to $51.9 million. The company projects second quarter revenue between $170 million and $180 million with EBITDA of $46 million to $50 million.

Digital Turbine (NASDAQ: APPS) has scheduled a conference call for August 8, 2022, at 4:30 PM ET to discuss its fiscal 2023 Q1 financial results and operational updates. CEO Bill Stone and CFO Barrett Garrison will lead the call, accessible via phone and webcast. A replay will be available until August 15, 2022. Digital Turbine enhances mobile advertising through a proprietary tech stack integrated into devices by wireless operators and OEMs, serving clients globally.

Federman & Sherwood is investigating Digital Turbine, Inc. (NASDAQ: APPS) regarding potential shareholder claims. Investors who purchased shares between February 26, 2021 and May 31, 2022 have until August 5, 2022 to file to serve as lead plaintiffs in a class action. Those interested can find more information about participation and deadlines at the firm's website.

Digital Turbine (NASDAQ: APPS) has introduced a unified corporate brand aimed at enhancing connectivity for clients and partners. This milestone follows the integration of acquisitions including Fyber, AdColony, and Appreciate, resulting in a comprehensive mobile growth platform. CEO Bill Stone emphasized that this rebranding reflects strategic innovation and profitable growth, simplifying access to their full range of products. The new brand identity will be implemented across various platforms, aiding clients like Accuweather in achieving growth through app distribution and monetization.

Federman & Sherwood is investigating Digital Turbine, Inc. (NASDAQ: APPS) regarding potential shareholder rights violations. Investors who purchased common stock between August 9, 2021 and May 17, 2022 should be aware that they have until August 5, 2022 to file as lead plaintiffs in a class action lawsuit. This action aims to secure their rights and compensation it may ensure. Interested investors can find more information on filing and participating in the action through the provided links.