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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%.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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