Digital Turbine Restates Quarterly Results Due to Revenue Recognition Change for Acquired Businesses

Digital Turbine, Inc.

Revenue for three months ended June 30, 2021 restated from $212.6M to $158.1M (net recognition).
No changes to GAAP income from operations, net income, or cash flows; gross profit unchanged.
Reaffirms FY2022 adjusted EBITDA guidance of $195M-$197M and adjusted EPS of $1.66-$1.68.
Restated Form 10-Qs for three interim periods to be filed by May 31, 2022.
Audit Committee concluded prior financials should no longer be relied upon due to principal vs agent analysis.

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