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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) has expanded its app distribution partnership with TikTok to include mobile device preload inventory in North America. This builds on their previous collaboration in Latin America. TikTok will utilize Digital Turbine's platform for managing mobile preloads, enhancing efficiency and growth. Digital Turbine, a leading on-device media platform, partners with major US carriers like Verizon and AT&T, positioning itself to drive significant distribution capabilities for TikTok.
Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call on August 9, 2021, at 4:30 PM ET to discuss its fiscal 2022 first-quarter financial results and operational updates. The call will feature CEO Bill Stone and CFO Barrett Garrison, accessible via U.S. local dial-in or internationally. An archived webcast will be available on the company's website for a year, with a playback option until August 16, 2021.
Digital Turbine specializes in mobile platform technology, facilitating app discovery and user engagement across over 40 mobile operators globally.
Digital Turbine (Nasdaq: APPS) will have CEO Bill Stone participate in a fireside chat at the 2021 Bank of America Global Technology Conference on June 9, 2021, at 7:00 am PT / 10:00 am ET. A live webcast and replay will be accessible on their investor relations website. Additionally, Stone and CFO Barrett Garrison will conduct one-on-one and small group investor meetings during the conference. Digital Turbine's platform enhances content discovery, having facilitated over 3 billion app preloads globally.
Digital Turbine (Nasdaq: APPS) reported significant financial growth for the fiscal year and fourth quarter ending March 31, 2021. Revenue for Q4 reached $95.1 million, a 142% increase year-over-year, while full-year revenue totaled $313.6 million, up 126% compared to the previous year. Q4 GAAP net income was $30.1 million ($0.31 per share). The company anticipates Q1 fiscal 2022 revenue between $188 million and $192 million and Non-GAAP adjusted EPS of $0.31. Recent acquisitions aim to enhance market presence in the mobile media advertising sector, valued at over $300 billion.
Digital Turbine (Nasdaq: APPS) has completed its acquisition of Fyber N.V., enhancing its mobile advertising platform. Fyber's technology improves app monetization and includes over 180 partners, reaching 650 million users globally. This move is part of Digital Turbine's strategy to provide comprehensive advertising solutions and aims to create a unique mobile ad-tech ecosystem. The combined platform is projected to generate over $1 billion in annualized revenue and boost synergies among its recent acquisitions, including AdColony.
Digital Turbine (Nasdaq: APPS) announced the rescheduling of its fourth quarter and fiscal 2021 financial results call to June 1, 2021, after the market closes. The call will start at 4:30 PM ET and will be hosted by CEO Bill Stone and CFO Barrett Garrison. This change accommodates the anticipated completion of a recent acquisition. A live and archived webcast will be available on the company's website, and a replay will be accessible until June 8, 2021.
Digital Turbine, Inc. (Nasdaq: APPS) will host a conference call on May 26, 2021, at 4:30 PM ET to discuss its fourth quarter and fiscal 2021 financial results. The call will be led by CEO Bill Stone and CFO Barrett Garrison. Interested parties can access the call by dialing 855-238-2713 in the U.S. or 412-542-4111 internationally. A playback will be available until June 2, 2021. Digital Turbine simplifies content discovery and has partnered with over 40 mobile operators worldwide, delivering over three billion app preloads.
Digital Turbine (Nasdaq: APPS) announced that CEO Bill Stone will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 10:30am PT. A live webcast will be available on the company’s investor relations site. Additionally, Stone and CFO Barrett Garrison will hold investor meetings during the conference. Digital Turbine enhances app and content discovery, serving over 40 mobile operators worldwide, and has facilitated over three billion app preloads across various campaigns.
Digital Turbine (Nasdaq: APPS) has appointed Holly Hess Groos to its Board of Directors, effective May 4, 2021. Groos brings extensive experience in telecommunications and digital media, having held senior strategic roles at Verizon and served as CFO for Verizon Wireless. Her expertise includes financial operations and audit functions. Chairman Rob Deutschman noted that Groos's leadership and operational experience will aid in the company's growth strategy. Digital Turbine focuses on simplifying content discovery and has partnered with over 40 mobile operators globally.
Digital Turbine, Inc. (Nasdaq: APPS) has successfully acquired AdColony, a key mobile advertising platform with over 1.5 billion global users. This acquisition aims to enhance Digital Turbine's media solutions for its partners and improve user experiences through targeted content delivery. AdColony's estimated revenue for Q1 2021 stands at $58.3 million, marking a 37% increase year-over-year. Following this, Digital Turbine anticipates a revenue of $135 to $140 million for Q1 fiscal 2022. Additionally, the company secured a $400 million credit facility to support its growth initiatives.
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