Digital Turbine, Inc.


SKU: APPS Category:


Digital Turbine delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings. The company had an 11% decline in fiscal ’23 revenue due to soft advertiser spending and macro headwinds impacting their On Device Solutions and App Growth Platform businesses. SingleTap licensing showed promising growth, doubling install volume in the March quarter, and they secured partnerships with top gaming customers and expanded existing ones. Digital Turbine aims to build alternative app stores with equity positions in companies like Aptoide, easing app porting and payment management and tapping into the in-app purchasing market. They focus on AI and machine learning to leverage unique first-party data, deliver value, and create strategic relationships. Furthermore, the company extended its partnership with Google Cloud to provide app developers with DT’s SingleTap technology, which will revolutionize the app installation experience. We give Digital Turbine a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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