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. (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 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.
Digital Turbine reported a fiscal Q3 2022 revenue of $375.5 million, marking a 324% YoY increase and 38% growth on a pro forma basis. GAAP net income was $7.1 million ($0.07 per share), down from $14.5 million ($0.15 per share) YoY. However, non-GAAP adjusted net income increased to $50.9 million ($0.49 per share), a 133% increase. The company forecasts full-year revenue between $1.225 billion and $1.240 billion.
Digital Turbine (NASDAQ: APPS) has appointed Mollie Spilman, a seasoned executive from Oracle, to its Board of Directors as of February 1, 2022. With a strong background in the Advertising and Ad Tech sectors, Spilman's expertise is expected to enhance the company's growth strategy. Chairman Rob Deutschman expressed confidence in her ability to drive operational results and capitalize on market opportunities. Spilman previously held leadership roles at Criteo and other major firms, contributing to significant revenue growth in her career.
Digital Turbine (Nasdaq: APPS) will host a conference call on February 8, 2022, at 4:30 PM ET to discuss its fiscal 2022 third quarter financial results. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Interested parties can join the call by dialing 855-238-2713 (U.S.) or 412-542-4111 (international). A live and archived webcast will be available on the company's Investor Relations page. Replay details include access until February 15, 2022, via 877-344-7529 (U.S.) or 412-317-0088 (international), passcode 1972027.
Digital Turbine, Inc. (Nasdaq: APPS) announced that CEO Bill Stone will present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 10:45 am ET. The presentation will be available via a live webcast on the company's investor relations website. Additionally, Stone and the senior management team will hold one-on-one and small-group meetings with investors throughout the day. Digital Turbine is a leading mobile growth platform that integrates technology for advertisers, publishers, carriers, and OEMs, enhancing advertising and monetization.
FAQ
What is the current stock price of Digital Turbine (APPS)?
What is the market cap of Digital Turbine (APPS)?
What does Digital Turbine, Inc. specialize in?
Where is Digital Turbine headquartered?
What are the main business segments of Digital Turbine?
What recent partnership has Digital Turbine expanded?
How has Digital Turbine performed financially in recent quarters?
What is Digital Turbine's recent strategic investment?
Who is the new Chief Business Officer at Digital Turbine?
What are some of the global offices of Digital Turbine?
How many app installs has Digital Turbine achieved?
What is the significance of Digital Turbine’s partnership with ONE Store?
