Digital Turbine Q1 2023 Earnings Report
Key Takeaways
Digital Turbine reported a 19% year-over-year increase in revenue, reaching $188.6 million. GAAP net income was $15.0 million, with a GAAP EPS of $0.15. Non-GAAP EPS increased by 12% year-over-year to $0.38. The company is focused on profitable growth and strategic initiatives.
Revenue totaled $188.6 million, a 19% increase year-over-year on an as-reported basis.
GAAP net income was $15.0 million, or $0.15 per share.
Non-GAAP EPS increased 12% year-over-year to $0.38.
Non-GAAP adjusted EBITDA increased 30% year-over-year to $51.9 million.
Digital Turbine
Digital Turbine
Digital Turbine Revenue by Segment
Forward Guidance
The Company currently expects revenue of between $170 million and $180 million, Non-GAAP adjusted EBITDA of between $46 million and $50 million, and Non-GAAP adjusted EPS of $0.32 to $0.34 for the second quarter of fiscal 2023.
Positive Outlook
- Revenue of between $170 million and $180 million
- Non-GAAP adjusted EBITDA of between $46 million and $50 million
- Non-GAAP adjusted EPS of $0.32 to $0.34
- Based on approximately 104 million diluted shares outstanding
- Effective tax rate of 25% on non-GAAP net income in the fiscal second quarter
Revenue & Expenses
Visualization of income flow from segment revenue to net income