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Dec 31, 2022
Digital Turbine Q3 2023 Earnings Report
Reported a decline in revenue due to macro headwinds, but maintained a positive outlook for the future.
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
Revenue by Segment
On Device Solutions Revenue
CapyFin.comApp Growth Platform Revenue
CapyFin.com 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