Digital Turbine Q3 2021 Earnings Report
Key Takeaways
Digital Turbine reported strong Q3 2021 results with significant revenue growth of 146% year-over-year, driven by both Application Media and Content Media. The company achieved record revenue, profitability, and free cash flow, benefiting from its scalable operating model and diversification strategy.
Total revenue grew by 146% year-over-year to $88.6 million.
GAAP net income was $14.5 million, or $0.15 per share, compared to $3.3 million, or $0.04 per share in Q3 2020.
Non-GAAP adjusted EBITDA grew by more than 300% year-over-year to $22.5 million.
Non-GAAP free cash flow grew by more than 200% year-over-year to $22.0 million.
Digital Turbine
Digital Turbine
Forward Guidance
The Company currently expects the following for its full-year fiscal 2021 period: Revenue of between $298 million and $300 million, Non-GAAP adjusted EBITDA of between $71 million and $72 million and Non-GAAP adjusted EPS of $0.67, based on approximately 98 million diluted shares outstanding
Positive Outlook
- Revenue of between $298 million and $300 million
- Non-GAAP adjusted EBITDA of between $71 million and $72 million
- Non-GAAP adjusted EPS of $0.67