Digital Turbine Q3 2023 Earnings Report
Key Takeaways
Digital Turbine reported Q3 fiscal year 2023 revenue of $162.3 million, a 25% decrease year-over-year. GAAP net income was $4.0 million, or $0.04 per share, while non-GAAP adjusted net income was $30.2 million, or $0.29 per share. The company expects macro headwinds to continue into the first half of the calendar year but remains optimistic about its long-term strategic vision.
Q3 fiscal year 2023 revenue totaled $162.3 million, a 25% decrease year-over-year.
GAAP net income was $4.0 million, or $0.04 per share.
Non-GAAP adjusted net income was $30.2 million, or $0.29 per share.
Non-GAAP adjusted EBITDA was $40.0 million.
Digital Turbine
Digital Turbine
Digital Turbine Revenue by Segment
Forward Guidance
Based on information available as of February 8, 2023, the Company currently expects the following for the full-year fiscal 2023:
Positive Outlook
- Revenue of between $660 million and $670 million
- Non-GAAP adjusted EBITDA of between $165 million and $170 million
- Non-GAAP adjusted EPS of $1.15 to $1.20, based on approximately 104 million diluted shares outstanding and an effective tax rate of 25%
Revenue & Expenses
Visualization of income flow from segment revenue to net income