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Jun 30, 2022
Digital Turbine Q1 2023 Earnings Report
Digital Turbine's first quarter of fiscal year 2023 was marked by revenue growth and strategic investments amidst challenging macro conditions.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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