Digital Turbine, Inc. - APPS STOCK NEWS

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.

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.

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.

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.

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.

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.