Digital Turbine Q2 revenue down 18% YoY; GAAP net loss $161.5M including $147.2M goodwill impairment

Digital Turbine, Inc.

2024-Q2 EPS reported -$1.69 revenue$289,625,000

Revenue $143.3M vs $174.9M YoY; On-Device Solutions $99.1M, App Growth Platform $46.2M.
GAAP net loss ($1.61)/share vs income $0.11; non-GAAP adjusted EPS $0.13 vs $0.34.
Non-GAAP adjusted EBITDA $27.7M, down 43% YoY but up 3% sequentially; free cash flow $23.9M.
Q3 guidance: revenue $144-150M, adjusted EBITDA $27-31M, adjusted EPS $0.16-0.19.
Long-term debt reduced $21.9M to $383.8M; goodwill impairment of $147.2M in App Growth Platform.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Digital Turbine, Inc. reported third quarter of fiscal 2024 results: revenue between $144 million and $150 million, EPS Non-GAAP adjusted EPS of between $0.16 and $0.19. Guidance initiated.

Period: third quarter of fiscal 2024
Revenue: between $144 million and $150 million
EPS: Non-GAAP adjusted EPS of between $0.16 and $0.19
Guidance: initiated
Result: guidance update

Exact text from the filing

Business Outlook Based on information available as of November 8, 2023, and considering the ongoing uncertainties in the macro environment, the Company currently expects the following for the third quarter of fiscal 2024: • Revenue of between $144 million and $150 million • Non-GAAP adjusted EBITDA 2 of between $27 million and $31 million • Non-GAAP adjusted EPS 1 of between $0.16 and $0.19

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Digital Turbine, Inc. reported quarter ended September 30, 2023 results: revenue $143.3 million, net income GAAP net loss of $161.5 million, EPS GAAP EPS of ($1.61).

Period: quarter ended September 30, 2023
Revenue: $143.3 million
Net income: GAAP net loss of $161.5 million
EPS: GAAP EPS of ($1.61)
Result: reported results

Exact text from the filing

Digital Turbine Reports Fiscal 2024 Second Quarter Financial Results Second Quarter Revenue Totaled $143.3 Million Second Quarter GAAP Net Loss of $161.5 Million, or GAAP EPS of ($1.61)

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

Digital Turbine, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-037848

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.