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Digital Turbine (APPS) Stock News, Feb-May 2023

APPS NASDAQ

Digital Turbine, Inc. reports developments tied to its mobile growth platform for mobile operators, advertisers and publishers. News commonly covers financial results and operating progress, activity in On Device Solutions and App Growth Platform, investor conference participation, and technology leadership focused on AI, data and ad-tech infrastructure.

The company describes its platform as supporting awareness, acquisition and monetization across devices, connecting consumer mobile experiences with advertiser and publisher demand.

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MobileX has appointed Mohammed Malique, co-founder and former General Counsel at Lycamobile, as Group Lead for the UK and EU, signaling its expansion into international markets. His role will center on developing strategic initiatives to enhance MobileX's offerings while reducing customer costs, particularly by eliminating international roaming fees. With over 20 years of experience in the mobile sector and a background in telecommunications law, Malique is expected to drive revenue growth and navigate regulatory challenges. Founded by Peter Adderton, MobileX aims to provide customizable mobile services that leverage AI to optimize data usage and reduce costs for consumers. The company's unique, app-based approach is designed for significant cost savings while ensuring reliable service.

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Digital Turbine (NASDAQ: APPS) has released findings from a report by Amplified Intelligence, emphasizing its mobile video ads' effectiveness in the gaming sector. The research indicates that Digital Turbine ads capture user attention for an average of 22 seconds, significantly outperforming mobile web video ads (1.6 seconds) and social video ads (2.5 seconds). The ads include interactive end-cards that drive user engagement. Digital Turbine's Short Term Advertising Strength (STAS) index scored 160, indicating above-average brand recall. The study involved various brands over a two-week period in June 2022, showcasing the potential of mobile gaming ads for brand growth.

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Digital Turbine (NASDAQ: APPS) and Flexion have formed a strategic partnership aimed at enhancing revenue opportunities for mobile game developers. This collaboration allows developers to easily onboard their games to Digital Turbine's DT Hub with minimal technical effort, expanding their reach beyond traditional app stores. The partnership also leverages Digital Turbine's expertise in user acquisition and monetization, providing developers access to alternative app distribution channels without upfront costs. This initiative reflects a growing trend of telecom platforms re-engaging in content distribution.

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Digital Turbine (Nasdaq: APPS) has launched GamesHub in partnership with UScellular, aiming to enhance app discovery for mobile gaming. This initiative is part of Digital Turbine's DT Hub, designed to engage users and offer app developers expanded opportunities. GamesHub features a curated collection of premium games from top publishers, simplifying access for subscribers and promoting in-app purchases through personalized experiences and regular content updates. The collaboration represents a strategic move to leverage Digital Turbine's expertise in app distribution, driving revenue growth and user engagement in the mobile app ecosystem.

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The BRAG Brand Insights report, released by Digital Turbine and Apptopia, provides essential data on consumer sentiment toward mobile apps in five key categories: streaming video, streaming audio, shopping, social media, and travel. The report identifies leading apps in terms of Brand Love, Brand Power, and Love Compass. Key findings highlight Netflix, Amazon Music, and Marriott Bonvoy as top contenders for consumer affection. The BRAG Index, initiated in 2020, aims to correlate brand strength with mobile growth potential. A survey conducted among 1,000+ US consumers further informs these insights.

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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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MobileX launched on February 27, 2023, in Barcelona, Spain, founded by Peter Adderton, aimed at providing consumers control over their mobile phone costs. This customizable wireless service leverages AI to predict data usage, offering significant cost reductions without sacrificing speed or reliability. Customers can enjoy a free prediction period, create personalized plans, or choose competitive unlimited options priced at $20 for 15 GB or $25 for 30 GB per month. Additionally, the MobileX app is available on Apple and Google Play stores for easy access to the service.

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FAQ

What is the current stock price of Digital Turbine (APPS)?

Digital Turbine (APPS) last closed at $7.25.

What is the market cap of Digital Turbine (APPS)?

The market cap of Digital Turbine (APPS) is approximately $883.7M.