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Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $142.6 million, flat sequentially but down 12% year-on-year [17] - Adjusted EBITDA was $25.4 million, down from $40 million in the prior year [22] - Non-GAAP adjusted net income was $15.7 million or $0.15 per share, compared to $30 million or $0.29 per share in the same quarter last year [23] Business Line Data and Key Metrics Changes - On-device solutions (ODS) segment revenues were $94.3 million, down 2% year-on-year [17] - App growth platform (AGP) revenues were $49.2 million, growing 6.5% sequentially but declining 27% year-on-year [19] - Gross margin for the consolidated business was 45%, down from 50% in the prior year [20] Market Data and Key Metrics Changes - U.S. device sales faced significant headwinds, with a double-digit year-over-year decline noted [28] - Despite challenges, there were signs of improving spend levels from brand advertisers, with over 25% sequential growth in brand business [8] Company Strategy and Development Direction - The company is focusing on modernizing its tech stack, with 40% of the product and tech organization dedicated to future growth initiatives [11] - Expansion of relationships with Motorola and ONE Store aims to enhance device pipeline and revenue opportunities [9][14] - The company is positioning itself as a major player in the alternative app distribution market, leveraging partnerships and technology [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged persistent headwinds in U.S. device sales but expressed optimism about future improvements based on chipset supplier feedback [28] - The company expects to see material improvements from tech stack modernization over the next 12 months [30] - Future revenue growth is anticipated from new partnerships and successful execution against the pipeline in FY25 [25] Other Important Information - The company has taken equity stakes in ONE Store and Flexion to enhance its alternative app store strategy [14] - The Digital Markets Act (DMA) is expected to launch in early March in the EU, presenting new opportunities for the company [15] Q&A Session Summary Question: Device headwinds and market recovery - Management noted significant declines in U.S. device sales but indicated potential improvements as the year progresses, particularly with new device launches [28] Question: Tech stack implementation timeline - The tech stack modernization is expected to roll out over the next 12 months, with material improvements anticipated in upcoming quarters [30] Question: Economics of the ONE Store partnership - The partnership with ONE Store is seen as a phase one initiative, focusing on user acquisition and in-app advertising, with further strategic developments expected [34] Question: Leadership changes and organizational structure - The company is moving to a GM model for clearer accountability and faster decision-making, with leadership changes aimed at improving execution [39] Question: Revenue growth expectations for FY25 - Management expressed optimism about driving revenue growth in FY25, supported by ongoing initiatives and partnerships [50]

Digital Turbine (APPS) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this mobile software company would post earnings of $0.15 per share when it actually produced earnings of $0.13, delivering a surprise of -13.33%.Over the last four quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35958 DIGITAL TURBINE, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 110 ...

The partnership will immediately bring DT's SingleTap® capabilities to over 40 million ONE Store enabled devices in Korea with expansion planned into additional markets in the near futureAUSTIN, Texas and SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- ONE Store, Korea's second-largest app market outperforming most global competitors, and Digital Turbine (NASDAQ: APPS), the global leader in growth solutions for the mobile ecosystem, today announced a strategic partnership to elevate the mobile experience i ...

- Global mobile growth leader Digital Turbine invests in ONE Store, acknowledging its potential for global expansion beyond the Korean market.- Both companies will concentrate their collaborative efforts on advancing ONE Store's penetration into international markets and enhancing its app store business. SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Korean app market ONE Store (www.onestorecorp.com), a provider of mobile content including games, apps, and multimedia content, announced that it has secured ...

AUSTIN, Texas, Jan. 31, 2024 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast to discuss its fiscal 2024 third quarter financial results and operating progress on Wednesday, February 7th, at 4:30pm ET/1:30pm PT. The call, hosted by Digital Turbine's Chief Executive Officer Bill Stone and Chief Financial Officer Barrett Garrison, can be accessed online via the webcast link: https://app.webinar.net/9eABOypQpMn. The cal ...

Digital Turbine, Inc. (NASDAQ:APPS) Q2 2024 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Brian Bartholomew - SVP, Capital Markets Bill Stone - CEO Barrett Garrison - CFO Conference Call Participants Darren Aftahi - ROTH MKM Anthony Stoss - Craig-Hallum Tim Horan - Oppenheimer Operator Good afternoon and welcome to the Digital Turbine Reports Fiscal 2024 Second Quarter Results Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35958 DIGITAL TURBINE, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 110 ...

Digital Turbine, Inc. (NASDAQ:APPS) Q1 2024 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Brian Bartholomew - Senior Vice President, Capital Markets Bill Stone - Chief Executive Officer Barrett Garrison - Executive Vice President and Chief Financial Officer Conference Call Participants Arthur Chu - Bank of America Dan Day - B. Riley Securities Anthony Stoss - Craig Hallum Operator Good day, and welcome to the Digital Turbine Fiscal 2024 First Quarter Earnings Conference Call. Today ...