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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, Inc. (Nasdaq: APPS) has announced a strategic multi-year partnership with Google to enhance its product offerings and growth strategy within the Android ecosystem. This collaboration aims to enable intelligent app discovery across nearly a billion devices globally. The partnership will leverage Google Cloud and SADA's enterprise solutions, enhancing Digital Turbine's capabilities in app growth and monetization. This move marks a significant step in Digital Turbine's longstanding support of the Android ecosystem, with expectations for expanded global reach and improved user experiences.
Digital Turbine (Nasdaq: APPS) released its Q4 Shopping APP-ortunity Report, revealing that 55% of mobile shoppers have added at least one new shopping app before the holiday season. Leaders like Amazon and Walmart dominate, while Nike and Etsy are emerging as "Climbers" due to their awareness and high install intent. The report highlights four segments: Climbers, Leaders, Flagpoles, and Niche/Emerging Brands. Each segment is provided with strategies to enhance user acquisition (UA) amid growing challenges in the mobile advertising landscape.
Digital Turbine (Nasdaq: APPS) has announced a strategic partnership with Bango to enhance payment options for app developers. The agreement, set to commercially launch in Q1 2022, aims to provide secure in-app payment solutions through direct carrier billing, improving user experiences and revenue opportunities. With integration into Bango's payment platform, app developers can access new monetization avenues. The partnership also leverages Digital Turbine's recent acquisitions of Fyber and AdColony, which serve over 50,000 app developers.
Digital Turbine, Inc. (Nasdaq: APPS) announced that CEO Bill Stone will present at the Oppenheimer 5G Summit on December 14, 2021, at 12:25 PM ET. The event will feature a live webcast available on Digital Turbine's investor relations website. In addition to the presentation, senior management will hold one-on-one investor meetings throughout the day. Digital Turbine is known for its mobile growth platform, enhancing advertising and monetization through integrated technology in devices.
Digital Turbine, Inc. (Nasdaq: APPS) has announced an expanded partnership with Telefónica, enhancing its presence in European and Latin American markets. This strategic agreement introduces new products like Wizard, Notifications, and SingleTap™, aiming to optimize app recommendations for Telefónica's subscribers. The integration of Digital Turbine's Ignite On-Device Platform is already in progress, with Movistar Chile set to launch in Q4 2021. This collaboration leverages Digital Turbine's existing platform, trusted by over 40 operators and integrated into more than 750 million devices worldwide.
Digital Turbine (Nasdaq: APPS) reported fiscal Q2 2022 revenue of $310.2 million, a 338% increase year-over-year, and a 63% increase on a pro forma basis. GAAP net loss was $5.9 million or ($0.06) per share, compared to a net income of $0.4 million in 2021. Non-GAAP adjusted net income rose to $45.3 million or $0.44 per share from $14.5 million a year prior. The company anticipates Q3 revenue between $350 million and $355 million. CEO Bill Stone emphasized strong demand and operational efficiencies amid strategic market positioning.
Digital Turbine (Nasdaq: APPS), a leading mobile platform company, will host a Virtual Analyst Day on November 11, 2021, starting at noon ET. The event will feature senior management presentations covering the company's vision, market opportunities, growth strategies, and product innovations. Attendees will witness product demonstrations and a panel discussion with partners and customers. Those interested can register here. A replay will be available post-event on the company’s Investor Relations webpage.
Digital Turbine, Inc. (Nasdaq: APPS) announced a conference call on November 2, 2021, at 4:30 PM ET to discuss its fiscal 2022 second-quarter financial results. Hosted by CEO Bill Stone and CFO Barrett Garrison, the call will be accessible via phone and webcast. For those unable to attend, a playback will be available until November 9, 2021. Digital Turbine is a leading mobile growth platform, enhancing advertising and monetization integration through proprietary technology.
Digital Turbine, Inc. (Nasdaq: APPS) will have CEO Bill Stone present at the 2021 Jefferies Virtual Software Conference on September 15th, 2021, starting at 2:00 PM PT / 5:00 PM ET. The event will feature a live webcast accessible via the company's investor relations website. Alongside Stone, CFO Barrett Garrison will engage in one-on-one and small group investor meetings during the conference. Digital Turbine is recognized as a leading independent mobile growth platform, enhancing advertising and monetization strategies across various sectors.
Digital Turbine (Nasdaq: APPS) reported fiscal Q1 2022 revenue of $212.6 million, up 104% year-over-year on a pro forma basis, totaling $292.0 million when including full contributions from acquisitions of AdColony and Fyber. GAAP net income stood at $14.3 million ($0.14/share), compared to $9.9 million ($0.11/share) in Q1 2021. Non-GAAP adjusted net income increased to $33.4 million ($0.34/share). The company expects Q2 2022 revenue between $300 million and $306 million with strong growth in On-Device and In-App Media revenue.
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