Digital Turbine Q3 2022 Earnings Report
Key Takeaways
Digital Turbine reported strong financial results for the fiscal third quarter ended December 31, 2021. Revenue totaled $375.5 million, representing a 324% increase year-over-year on an as-reported basis and a 38% increase year-over-year on a pro forma basis. Non-GAAP adjusted EBITDA was $57.0 million, representing growth of 153% compared to the same period last year.
Fiscal third quarter revenue totaled $375.5 million, representing a 324% increase year-over-year on an as-reported basis.
GAAP net income for the fiscal third quarter was $7.1 million, or $0.07 per share.
Non-GAAP adjusted net income for the fiscal third quarter was $50.9 million, or $0.49 per share.
Non-GAAP adjusted EBITDA for the fiscal third quarter was $57.0 million, representing growth of 153% year-over-year.
Digital Turbine
Digital Turbine
Forward Guidance
The Company currently expects the following for the full-year fiscal 2022 period: Revenue of between $1.225 billion and $1.240 billion, Non-GAAP adjusted EBITDA of between $195 million and $197 million and Non-GAAP adjusted EPS of between $1.66 and $1.68.
Positive Outlook
- Revenue of between $1.225 billion and $1.240 billion
- Non-GAAP adjusted EBITDA of between $195 million and $197 million
- Non-GAAP adjusted EPS of between $1.66 and $1.68
- Based on approximately 105 million diluted shares outstanding
- Effective tax rate of 20% on non-GAAP net income in the fiscal fourth quarter