Digital Turbine Reports Fiscal 2026 Third Quarter Financial Results

Core Insights - Digital Turbine, Inc. reported a total revenue of $151.4 million for the third quarter of fiscal 2026, reflecting a year-over-year growth of 12% compared to $134.6 million in the same quarter of fiscal 2025 [4][8] - The company achieved a GAAP net income of $5.1 million, or $0.03 per share, a significant improvement from a GAAP net loss of $23.1 million, or ($0.22) per share, in the third quarter of fiscal 2025 [5][8] - Non-GAAP adjusted net income for the third quarter was $21.7 million, or $0.18 per share, compared to $14.2 million, or $0.13 per share, in the prior year [5][8] - Non-GAAP adjusted EBITDA reached $38.8 million, representing a substantial year-over-year growth of 76% from $22.0 million in the third quarter of fiscal 2025 [6][8] Financial Performance - Total revenue for the third quarter of fiscal 2026 was $151.4 million, with On Device Solutions revenue at $99.6 million and App Growth Platform revenue at $52.6 million [4][8] - The company reported a non-GAAP free cash flow of $6.4 million for the third quarter of fiscal 2026 [8] - The increase in revenue was attributed to strong demand and effective execution by the team, as stated by the CEO [3] Business Outlook - The company is raising its expectations for fiscal year 2026, indicating a positive outlook based on the current business momentum and market opportunities [9] - The CEO emphasized the expanding market opportunity as mobile app publishers and advertisers seek new ways to promote app usage and profitability [3]