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Jun 30, 2023
Digital Turbine Q1 2024 Earnings Report
Digital Turbine's first quarter of fiscal year 2024 experienced a revenue decline year-over-year, but showed sequential growth. The company reported a GAAP net loss, but non-GAAP adjusted net income and EBITDA were positive. The company is focused on improving platform performance and investing in growth initiatives.
Key Takeaways
Digital Turbine reported a revenue of $146.4 million for the first quarter of fiscal year 2024, a 22% decrease year-over-year but a 4% increase sequentially. The company had a GAAP net loss of $8.4 million, or ($0.08) per share, while non-GAAP adjusted net income was $18.2 million, or $0.18 per share. Non-GAAP adjusted EBITDA was $27.0 million.
Revenue totaled $146.4 million, a 22% decline year-over-year but a 4% sequential increase.
GAAP net loss was $8.4 million, or ($0.08) per share.
Non-GAAP adjusted net income was $18.2 million, or $0.18 per share.
Non-GAAP adjusted EBITDA totaled $27.0 million, a 48% decline year-over-year but a 17% sequential increase.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2024, Digital Turbine expects revenue between $141 million and $149 million, non-GAAP adjusted EBITDA between $25 million and $27 million, and non-GAAP adjusted EPS between $0.13 and $0.15.
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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