---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-037848"
form_type: "8-K"
ticker: "APPS"
cik: "0000317788"
company_name: "Digital Turbine, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:50:10.157743+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-037848
- form_type: 8-K
- ticker: APPS
- cik: 0000317788
- company_name: Digital Turbine, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/0001628280-23-037848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/apps-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-037848
- JSON: https://secwatch.observer/filing/0001628280-23-037848.json
- Plain text: https://secwatch.observer/filing/0001628280-23-037848.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/0001628280-23-037848-index.htm
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/317788/000162828023037848/0001628280-23-037848-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.