Digital Turbine Inc Stock Price, News & Analysis

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.

Federman & Sherwood is investigating Digital Turbine, Inc (NASDAQ: APPS) concerning potential securities violations during the class period from August 9, 2021 to May 17, 2022. Investors who purchased shares during this timeframe have until August 5, 2022 to file a motion to be appointed as lead plaintiff in the class action lawsuit. For details on participation, interested parties can visit the firm's website.

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.