Loading...
•
Dec 31, 2019
Digital Turbine Q3 2020 Earnings Report
Reported revenue of $36.0 million, marking a new all-time high, and non-GAAP adjusted EBITDA of $5.6 million, representing 18% and 47% annual growth, respectively.
Key Takeaways
Digital Turbine reported a strong fiscal third quarter with record revenue of $36.0 million, representing an 18% year-over-year increase. The company's GAAP net income was $3.3 million, or $0.04 per share, and non-GAAP adjusted EBITDA was $5.6 million. Digital Turbine also announced a definitive purchase agreement to acquire Mobile Posse.
Fiscal third quarter revenue reached a record $36.0 million, an 18% increase year-over-year.
GAAP net income was $3.3 million, or $0.04 per share, compared to a net loss of $1.1 million in the prior year.
Non-GAAP adjusted EBITDA was $5.6 million, up from $3.8 million in the same quarter last year.
A global partnership agreement was signed with LG Electronics.
Forward Guidance
The Company expects fourth quarter fiscal 2020 revenue of between $33.2 million and $34.5 million, and Non-GAAP adjusted EBITDA of between $3.5 million and $4.0 million, exclusive of any impact from the acquisition of Mobile Posse.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...