Digital Turbine, Inc.

Digital Turbine, Inc. delivered mixed results for the previous quarter, with revenues above the analyst consensus. However, it failed to meet Wall Street’s earnings expectations. With $146.4 million in revenue, $27 million in EBITDA, and non-GAAP earnings per share of $0.18, the company demonstrated significant improvement compared to the previous quarter. Despite challenges in device sales, the on-device Business showed sequential growth, reaching $98.3 million. The company’s ability to boost revenue per device in the US, which soared to over $6, was particularly noteworthy, marking a steady climb from $2 in fiscal year 2020. Digital Turbine’s platform continues to draw robust demand from advertisers, and the global expansion of US device supply has played a pivotal role in enhancing RPD. The company has also made significant strides in its SingleTap enablement strategy, with revenue-generating partnerships with major players like TikTok and LinkedIn. Sequential growth was reported in the App Growth Platform segment in the quarter. The brand business demonstrated double-digit sequential growth, with partnerships with renowned brands such as Starbucks and Chase Bank. During the quarter, the company expanded its partnership with Google Cloud and SADA. Continuing the multi-year partnership will enhance Digital Turbine’s rate of innovation and expand its scale to a greater extent.