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Digital Turbine, Inc. (NASDAQ: APPS) is a global leader in providing mobile growth solutions for a diverse range of stakeholders within the mobile application ecosystem, including mobile operators, original equipment manufacturers (OEMs), app advertisers, and mobile publishers. Headquartered in Austin, Texas, with significant global offices in Durham, Berlin, San Francisco, Singapore, Sydney, and Tel Aviv, Digital Turbine's innovative platform connects the mobile ecosystem by delivering apps and content to the right users at the right time.
Digital Turbine's core business is anchored in two primary segments: On Device Solutions and App Growth Platform. Through its On Device Solutions, the company provides white-label billing, content marketplaces, and monetization solutions via app recommendations. The App Growth Platform focuses on end-to-end solutions for app advertisers and publishers to enhance user acquisition, engagement, and monetization. As of recent, Digital Turbine has achieved over 150 million app installs for hundreds of advertisers and serves more than 31 million customers monthly through various global operators.
The company recently expanded its partnership with Xiaomi, aiming to enhance app recommendations for Xiaomi smartphone users worldwide. This collaboration signifies a notable global reach, now delivering innovative solutions to over 800 million devices. Additionally, Digital Turbine has forged a strategic alliance with ONE Store, a major player in Korea's app market, which promises to extend their technology and offerings into new global markets including Taiwan and beyond.
Financially, Digital Turbine has demonstrated robust revenue streams, although it faces certain challenges. For fiscal Q2 2024, the company reported revenues of $143.3 million but also faced a GAAP net loss of $161.5 million, attributed largely to a noncash goodwill impairment charge. Despite these setbacks, the company remains optimistic with strategic investments and a focus on enhancing their on-device presence and direct distribution models. The recent appointment of Michael Akkerman as the Chief Business Officer underscores Digital Turbine's commitment to driving sustained growth and innovation within the mobile growth landscape.
For additional information, please visit www.digitalturbine.com.
Digital Turbine (NASDAQ: APPS) reported fiscal Q2 2025 results with revenue of $118.7 million, up 1% quarter-over-quarter but down 17% year-over-year. The company posted a GAAP net loss of $25.0 million ($0.24 per share) and Non-GAAP adjusted net income of $5.0 million ($0.05 per share). Adjusted EBITDA was $15.3 million, increasing 6% quarter-over-quarter but declining 45% year-over-year.
The company initiated a transformation program targeting over $25 million in annual cash expense savings and announced the acquisition of ONE Store International. For fiscal 2025, Digital Turbine expects revenue between $475-485 million and adjusted EBITDA of $65-70 million.
Digital Turbine and ONE Store announce a strategic expansion of their partnership through Digital Turbine's acquisition of ONE Store International. The deal aims to bring ONE Store's alternative app marketplace to North America, EU, and LATAM. This follows Digital Turbine's equity investment in ONE Store from February 2024.
ONE Store, currently South Korea's second-largest app marketplace with 38 million users and nearly $1 billion in annual transactions, will leverage Digital Turbine's device footprint and SingleTap technology for frictionless app installations. The partnership plans to extend services to iOS devices and create a more competitive ecosystem beyond traditional app stores, offering developers lower fees and greater control.
ONE Store, Korea's leading app marketplace, has signed a platform and service agreement with Digital Turbine to expand its app marketplace services globally. The partnership combines ONE Store's expertise in mobile app distribution with Digital Turbine's global device footprint and SingleTap technology. As part of the collaboration, Digital Turbine acquired ONE Store International, ONE Store's European subsidiary. The companies plan to launch localized app marketplaces in key regions, including the U.S. This expansion follows their initial partnership in February 2024 for the Korean App Market and ONE Store's launch of 'Enjoystore' in Taiwan with HAPPYTUK in August.
Digital Turbine (NASDAQ: APPS) has scheduled its fiscal 2025 second quarter financial results conference call for November 6th, 2024, at 6:00pm ET. The call will be hosted by CEO Bill Stone and CFO Barrett Garrison, accessible via webcast and phone. A playback option will be available through November 13th, 2024. The company, headquartered in North America, operates as a global mobile platform providing solutions for telcos, advertisers, and publishers to enhance consumer experiences and monetization across devices.
Digital Turbine has released 'The Ultimate Guide to Interactive Mobile Video Ads', a comprehensive report analyzing 250 mobile advertising campaigns and surveying nearly 270,000 consumers. The study, conducted in collaboration with researchers from prestigious business schools, reveals the significant impact of interactive elements in mobile video ads on increasing brand choice and consumer engagement.
The report identifies three primary types of interactivity that boost brand choice: Browse (increases by 31.5%), Sample (29.6%), and Play (36.6%). These interactive elements are particularly effective in various sectors, including Technology, Retail, Entertainment, QSR, CPG, and Automotive. The research demonstrates that integrating interactive features in mobile ads can dramatically enhance consumer engagement, foster emotional connections, and increase customer loyalty.
Digital Turbine (Nasdaq: APPS) reported its fiscal 2025 first quarter results. Revenue was $118.0 million, a 5% increase quarter-over-quarter but a 19% decline year-over-year. GAAP net loss stood at $25.2 million, or ($0.25) per share, compared to last year's $8.4 million loss. Non-GAAP adjusted net income was $7.3 million, or $0.07 per share, down from $18.2 million. Non-GAAP adjusted EBITDA was $14.5 million, marking an 18% quarter-over-quarter increase but a 46% decline year-over-year. CEO Bill Stone highlighted revenue growth in On Device Solutions (3%) and App Growth Platform (11%). The company reaffirms its fiscal year 2025 guidance, expecting revenue between $540-$560 million and Non-GAAP adjusted EBITDA between $85-$95 million.
Digital Turbine (Nasdaq: APPS), a global mobile platform company, has announced it will host a conference call and webcast to discuss its fiscal 2025 first quarter financial results on August 7, 2024, at 4:30pm ET. The call will be hosted by CEO Bill Stone and CFO Barrett Garrison. Investors can access the webcast via a provided link or dial in using specific numbers and an access code. For those unable to attend live, a playback will be available until August 14, 2024. Digital Turbine powers mobile consumer experiences for telcos, advertisers, and publishers, simplifying partners' ability to enhance awareness, acquisition, and monetization across devices.
Digital Turbine has appointed Michael Akkerman as the new Chief Business Officer. Akkerman's extensive experience in technology growth, advertising, and strategic partnerships will drive the company's global business efforts. He previously led Uber's Mobility Advertising and was Chief Product & Strategy Officer at Cardlytics, enhancing financial institution growth. He also managed global partnerships at Pinterest. Digital Turbine's CEO, Bill Stone, is confident that Akkerman's leadership will align with the company's vision for global expansion and innovation in the mobile growth ecosystem.
Akkerman is excited to join and leverage Digital Turbine's extensive network of over 800 million devices to create unparalleled value in the advertising economy.
Digital Turbine (NASDAQ: APPS) reported its fiscal 2024 fourth quarter and annual financial results.
Fourth quarter revenue reached $112.2 million, a 20% YoY decline. The GAAP net loss was $236.5 million, or $2.32 per share, including a $189.5 million noncash goodwill impairment. Non-GAAP adjusted net income was $12.6 million, or $0.12 per share.
For the full fiscal 2024, revenue totaled $544.5 million. The GAAP net loss was $420.4 million, or $4.16 per share, including a $336.6 million noncash goodwill impairment. Non-GAAP adjusted net income was $60.3 million, or $0.58 per share. Non-GAAP adjusted EBITDA was $92.4 million.
The company anticipates fiscal 2025 revenue between $540 million and $560 million, and Non-GAAP adjusted EBITDA between $85 million and $95 million.
New partnerships are expected to add 70+ million devices globally, and new features and leadership are aimed at future growth.
Digital Turbine (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast on May 28, 2024, at 4:30pm ET to discuss its fourth quarter and fiscal 2024 financial results and operating progress. The call will be hosted by CEO Bill Stone and CFO Barrett Garrison. Interested parties can access the call via a provided webcast link or by dialing specific phone numbers. A live and archived webcast will be available in the Investor Relations section of Digital Turbine's website for one year.
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