Digital Turbine Inc Stock Price, News & Analysis

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Digital Turbine (Nasdaq: APPS) reported its fiscal third quarter 2023 results, revealing a revenue of $162.3 million, a 25% decline year-over-year. GAAP net income stood at $4.0 million ($0.04 per share), down from $7.0 million ($0.07 per share) in the same quarter last year. Non-GAAP adjusted net income was $30.2 million ($0.29 per share), compared to $50.9 million ($0.49 per share) previously. Adjusted EBITDA reached $40.0 million, down from $57.0 million. The company anticipates full-year fiscal 2023 revenue between $660 million and $670 million and maintains a positive long-term outlook despite current macroeconomic challenges.

Digital Turbine, Inc. (NASDAQ: APPS) will hold a conference call on February 8, 2023, at 4:30 PM ET to discuss its fiscal 2023 third-quarter financial results and operating progress. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Investors can access the call by dialing 888-317-6003 in the U.S. or 412-317-6061 internationally, using access code 7637186. A live webcast will also be available on the company’s website and archived for one year. Playback will be accessible until February 15, 2023, through a dedicated phone number. Digital Turbine enhances mobile advertising through its integrated solutions.

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.