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) is a global mobile platform company that regularly issues news and updates related to its financial performance, partnerships, and industry activities. This APPS news page aggregates company announcements so readers can follow how Digital Turbine describes the evolution of its mobile platform, relationships with operators, advertisers, publishers, and app developers, and its broader role in the mobile ecosystem.
Digital Turbine frequently releases earnings announcements detailing quarterly and annual financial results, including revenue by segment for On Device Solutions and the App Growth Platform, GAAP results, and non-GAAP measures such as adjusted net income, adjusted EBITDA, free cash flow, and gross profit. These releases often include commentary from management about business momentum, demand for the platform, and updates to the company’s financial outlook.
Investors can also find capital markets and financing news, such as information about term loan credit facilities, warrant issuances, and at-the-market equity offering programs, as well as announcements about debt refinancing and updated annual guidance ranges. Such items are typically coordinated with related SEC filings.
Digital Turbine’s news flow includes strategic and ecosystem developments, for example membership in The Coalition for a Competitive Mobile Experience and partnerships with device brands like Alcatel in India to integrate its technologies into smartphones. These announcements illustrate how the company positions its platform within the mobile app distribution and monetization landscape.
The company also publishes notices of conference calls, webcasts, and investor conference participation, providing details on how to access live and archived presentations. Readers who follow APPS news can use these updates to track the company’s own narrative about its strategy, risk factors, and operational focus over time.
Digital Turbine (Nasdaq: APPS) announced its CEO, Bill Stone, will participate in a fireside chat on March 14, 2023, starting at 3:00 PM ET. The chat will be available via a live webcast on the company’s investor relations website. Additionally, Mr. Stone will conduct one-on-one and small group meetings on March 13 and 14 during the 35th Annual Roth Conference. Digital Turbine powers mobile experiences for leading telcos, advertisers, and publishers, enhancing consumer awareness and monetization.
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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.