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Sep 30, 2023
Digital Turbine Q2 2024 Earnings Report
Digital Turbine's revenue declined due to the decrease in both On Device Solutions and App Growth Platform segments, resulting in a net loss due to a non-cash goodwill impairment charge.
Key Takeaways
Digital Turbine reported a revenue of $143.3 million for the fiscal second quarter of 2024, an 18% year-over-year decline. The company experienced a GAAP net loss of $161.5 million, which included a noncash goodwill impairment charge of $147.2 million. Non-GAAP adjusted net income was $13.9 million, and Non-GAAP adjusted EBITDA totaled $27.7 million.
Second quarter revenue totaled $143.3 million, representing an 18% year-over-year decline.
GAAP net loss was $161.5 million, including a noncash goodwill impairment charge of $147.2 million.
Non-GAAP adjusted net income was $13.9 million.
Non-GAAP adjusted EBITDA totaled $27.7 million, a 3% sequential increase compared to the previous quarter but a 43% year-over-year decline.
Revenue by Segment
Forward Guidance
The Company currently expects for the third quarter of fiscal 2024 revenue of between $144 million and $150 million, Non-GAAP adjusted EBITDA of between $27 million and $31 million and Non-GAAP adjusted EPS of between $0.16 and $0.19.
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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