Digital Turbine Inc Stock Price, News & Analysis

Digital Turbine reported fiscal 2022 revenue of $747.6 million, marking a 138% increase year-over-year. The fourth quarter revenue reached $184.1 million, up 94% year-over-year. GAAP net income for the year was $35.6 million ($0.35 EPS), while non-GAAP EPS increased 124% to $1.66. The company also highlighted significant growth in adjusted EBITDA, which reached $195.2 million, a 158% increase. Looking ahead, the company anticipates Q1 2023 revenue between $183 million and $187 million.

Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call on May 31, 2022, at 4:30 PM ET to discuss its fourth quarter and fiscal 2022 financial results. The call will feature CEO Bill Stone and CFO Barrett Garrison, accessible by dialing 855-238-2713 in the U.S. A live and archived webcast will be available on the company's Investor Relations website. Playback access will be offered until June 7, 2022. Digital Turbine is recognized for its innovative mobile growth platform, enhancing advertising for agencies, app developers, carriers, and OEMs.

Digital Turbine (Nasdaq: APPS) announced a restatement of its financial statements for the interim periods ended June 30, September 30, and December 31, 2021. This adjustment reflects revenue reported net of license fees for certain acquired product lines, leading to a decrease in revenue but an increase in gross profit margin and Non-GAAP Adjusted EBITDA margin. No changes were reported for GAAP income or Non-GAAP metrics. The company reaffirmed its guidance for Non-GAAP Adjusted EBITDA of $195M-$197M and Non-GAAP Adjusted EPS of $1.66-$1.68 for the fiscal year ending March 31, 2022.

Digital Turbine, Inc. (NASDAQ: APPS) and Apptopia launched the BRAG (Brand Relative App Growth) Index, a report series focusing on user acquisition strategies of mobile apps. The index reveals that lesser-known apps are outperforming leading brands, with a 46% average increase in user growth. Key strategies identified include offline partnerships, mobile ecosystem integrations, and product-led growth. This report is crucial for marketers adapting to post-IDFA landscapes, aiding them in enhancing brand awareness and user engagement.

Digital Turbine (Nasdaq: APPS) and AccuWeather announced a multiyear partnership focused on app distribution, audience development, and in-app monetization solutions. Digital Turbine will serve as the preferred global distributor of AccuWeather apps and enhance monetization efforts through a full ad-stack strategy. The app distribution initiative is set to launch in Q2 2022, aiming to leverage AccuWeather's extensive content portfolio and increase its reach. This partnership aims to create a growth flywheel, boosting engagement and monetization, benefiting both companies.

Digital Turbine (Nasdaq: APPS) will have CEO Bill Stone participate in a fireside chat on March 14, 2022, at noon ET / 9:00am PT. The event will be webcast live on the company’s investor relations website. Additionally, Stone will engage in one-on-one and small group meetings with investors during the conference. Digital Turbine specializes in mobile growth and advertising solutions, enhancing monetization for advertisers, publishers, and OEMs globally. The company is headquartered in Austin, Texas.

Digital Turbine reported a fiscal Q3 2022 revenue of $375.5 million, marking a 324% YoY increase and 38% growth on a pro forma basis. GAAP net income was $7.1 million ($0.07 per share), down from $14.5 million ($0.15 per share) YoY. However, non-GAAP adjusted net income increased to $50.9 million ($0.49 per share), a 133% increase. The company forecasts full-year revenue between $1.225 billion and $1.240 billion.

Digital Turbine (NASDAQ: APPS) has appointed Mollie Spilman, a seasoned executive from Oracle, to its Board of Directors as of February 1, 2022. With a strong background in the Advertising and Ad Tech sectors, Spilman's expertise is expected to enhance the company's growth strategy. Chairman Rob Deutschman expressed confidence in her ability to drive operational results and capitalize on market opportunities. Spilman previously held leadership roles at Criteo and other major firms, contributing to significant revenue growth in her career.

Digital Turbine (Nasdaq: APPS) will host a conference call on February 8, 2022, at 4:30 PM ET to discuss its fiscal 2022 third quarter financial results. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Interested parties can join the call by dialing 855-238-2713 (U.S.) or 412-542-4111 (international). A live and archived webcast will be available on the company's Investor Relations page. Replay details include access until February 15, 2022, via 877-344-7529 (U.S.) or 412-317-0088 (international), passcode 1972027.