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Sep 30, 2022
Digital Turbine Q2 2023 Earnings Report
Digital Turbine's Q2 2023 financial results were announced, revealing a mix of challenges and strategic progress.
Key Takeaways
Digital Turbine reported a revenue of $174.9 million, a 7% year-over-year decline. GAAP net income was $11.7 million, or $0.12 per share, while non-GAAP EPS was $0.34. The company's adjusted EBITDA increased by 1% year-over-year to $48.2 million, with adjusted EBITDA margin reaching an all-time high of 28%.
Revenue totaled $174.9 million, representing a 7% year-over-year decline.
GAAP net income was $11.7 million, or $0.12 per share.
Non-GAAP EPS was $0.34, compared to $0.44 in the prior year.
Adjusted EBITDA increased 1% year-over-year to $48.2 million, with adjusted EBITDA margin reaching a record 28%.
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 expects the following for the third quarter of fiscal 2023: Revenue of between $180 million and $190 million, Non-GAAP adjusted EBITDA of between $53 million and $57 million and Non-GAAP adjusted EPS of $0.36 to $0.39.
Positive Outlook
- Revenue of between $180 million and $190 million
- Non-GAAP adjusted EBITDA of between $53 million and $57 million
- Non-GAAP adjusted EPS of $0.36 to $0.39
- Based on approximately 104 million diluted shares outstanding
- Effective tax rate of 25% in the fiscal third quarter
Revenue & Expenses
Visualization of income flow from segment revenue to net income