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. 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.
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.
Federman & Sherwood is investigating Digital Turbine, Inc. (NASDAQ: APPS) regarding potential shareholder claims. Investors who purchased shares between February 26, 2021 and May 31, 2022 have until August 5, 2022 to file to serve as lead plaintiffs in a class action. Those interested can find more information about participation and deadlines at the firm's website.
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.