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Jun 30, 2024
Digital Turbine Q1 2025 Earnings Report
Digital Turbine's first quarter of fiscal year 2025 resulted in a revenue of $118.0 million and a GAAP net loss of $25.2 million.
Key Takeaways
Digital Turbine reported a 19% year-over-year decline in revenue, totaling $118.0 million for the first quarter of fiscal year 2025. The company experienced a GAAP net loss of $25.2 million, or ($0.25) per share, while non-GAAP adjusted net income was $7.3 million, or $0.07 per share. Despite these challenges, the company saw sequential growth in revenue and EBITDA, driven by increases in On Device Solutions and App Growth Platform revenues.
First quarter revenue totaled $118.0 million, a 5% increase quarter-over-quarter but a 19% decrease year-over-year.
GAAP net loss was $25.2 million, or ($0.25) per share, compared to a net loss of $8.4 million, or ($0.08) per share, in the same quarter last year.
Non-GAAP adjusted net income was $7.3 million, or $0.07 per share, down from $18.2 million, or $0.18 per share, in the prior year.
Non-GAAP adjusted EBITDA was $14.5 million, reflecting sequential growth but a 46% year-over-year decrease.
Digital Turbine
Digital Turbine
Digital Turbine Revenue by Segment
Revenue by Segment
On Device Solutions Revenue
CapyFin.comApp Growth Platform Revenue
CapyFin.com Forward Guidance
The Company currently reaffirms its expectations for the following for fiscal year 2025: Revenue of between $540 million and $560 million and Non-GAAP adjusted EBITDA of between $85 million and $95 million.
Positive Outlook
- Revenue of between $540 million and $560 million
- Non-GAAP adjusted EBITDA of between $85 million and $95 million
Challenges Ahead
- It is not reasonably practicable to provide a business outlook for GAAP net income because the Company cannot reasonably estimate the changes in stock-based compensation expense, which is directly impacted by changes in the Company’s stock price, or other items that are difficult to predict with precision.
Revenue & Expenses
Visualization of income flow from segment revenue to net income