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Digital Turbine
🇺🇸 NASDAQ:APPS
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•
Dec 31, 2023

Digital Turbine Q3 2024 Earnings Report

Digital Turbine's revenue declined year-over-year, with a GAAP net loss, but non-GAAP adjusted net income and EBITDA were positive.

Key Takeaways

Digital Turbine reported a decrease in revenue to $142.6 million, a GAAP net loss of $14.1 million, and a Non-GAAP adjusted net income of $15.6 million for the third quarter of fiscal year 2024.

Total revenue for the third quarter of fiscal 2024 was $142.6 million, a 12% year-over-year decline.

GAAP net loss for the fiscal third quarter was $14.1 million, or ($0.14) per share.

Non-GAAP adjusted net income for the fiscal third quarter was $15.6 million, or $0.15 per share.

Non-GAAP adjusted EBITDA for the fiscal third quarter was $25.4 million.

Total Revenue
$143M
Previous year: $162M
-12.1%
EPS
$0.15
Previous year: $0.29
-48.3%
Gross Profit
$63.7M
Previous year: $79.6M
-20.0%
Cash and Equivalents
$49.5M
Previous year: $79.3M
-37.6%
Free Cash Flow
$14.3M
Previous year: $29.9M
-52.2%
Total Assets
$1.11B
Previous year: $1.35B
-18.2%

Digital Turbine

Digital Turbine

Digital Turbine Revenue by Segment

Forward Guidance

Digital Turbine expects revenue between $547 million and $553 million, Non-GAAP adjusted EBITDA between $90 million and $94 million, and Non-GAAP adjusted EPS between $0.50 and $0.54 for the full-year fiscal 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Digital Turbine