Digital Turbine Q1 2022 Earnings Report
Key Takeaways
Digital Turbine reported strong fiscal 2022 first-quarter results, with revenue totaling $212.6 million. Pro forma revenue, including AdColony and Fyber, reached $292.0 million, a 104% increase year-over-year. The company's GAAP net income was $14.3 million, or $0.14 per share, while non-GAAP adjusted net income was $33.4 million, or $0.34 per share. The acquisitions of AdColony and Fyber were completed during the quarter, enhancing the company's full-stack platform capabilities.
Total revenue for the first quarter of fiscal 2022 was $212.6 million.
Pro forma revenue for the fiscal first quarter of 2022 was $292.0 million, representing a 104% increase year-over-year.
GAAP net income for the fiscal first quarter of 2022 was $14.3 million, or $0.14 per share.
Non-GAAP adjusted net income for the fiscal first quarter of 2022 was $33.4 million, or $0.34 per share.
Digital Turbine
Digital Turbine
Forward Guidance
The Company expects revenue between $300 million and $306 million, non-GAAP adjusted EBITDA between $44 million and $46 million, and non-GAAP adjusted EPS of $0.38, based on approximately 105 million diluted shares outstanding for the second quarter of fiscal 2022.
Positive Outlook
- Revenue of between $300 million and $306 million
- Non-GAAP adjusted EBITDA of between $44 million and $46 million
- Non-GAAP adjusted EPS of $0.38
- Based on approximately 105 million diluted shares outstanding