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 mobile platform company that regularly issues news and updates related to its financial performance, partnerships, and industry activities. This APPS news page aggregates company announcements so readers can follow how Digital Turbine describes the evolution of its mobile platform, relationships with operators, advertisers, publishers, and app developers, and its broader role in the mobile ecosystem.
Digital Turbine frequently releases earnings announcements detailing quarterly and annual financial results, including revenue by segment for On Device Solutions and the App Growth Platform, GAAP results, and non-GAAP measures such as adjusted net income, adjusted EBITDA, free cash flow, and gross profit. These releases often include commentary from management about business momentum, demand for the platform, and updates to the company’s financial outlook.
Investors can also find capital markets and financing news, such as information about term loan credit facilities, warrant issuances, and at-the-market equity offering programs, as well as announcements about debt refinancing and updated annual guidance ranges. Such items are typically coordinated with related SEC filings.
Digital Turbine’s news flow includes strategic and ecosystem developments, for example membership in The Coalition for a Competitive Mobile Experience and partnerships with device brands like Alcatel in India to integrate its technologies into smartphones. These announcements illustrate how the company positions its platform within the mobile app distribution and monetization landscape.
The company also publishes notices of conference calls, webcasts, and investor conference participation, providing details on how to access live and archived presentations. Readers who follow APPS news can use these updates to track the company’s own narrative about its strategy, risk factors, and operational focus over time.
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.
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.