Q4 24 EPS
$0.12
BEAT +71.43%
Est. $0.07
Q4 24 Revenue
$112.2M
MISS 4.65%
Est. $117.7M
vs S&P Since Q4 24
+398.7%
BEATING MARKET
APPS +441.5% vs S&P +42.9%
Full Year 2024 Results
FY 24 EPS
$0.58
FY 24 Revenue
$544.5M
Market Reaction
Did APPS Beat Earnings? Q4 2024 Results
Digital Turbine delivered a mixed fiscal fourth quarter, posting adjusted earnings that cleared Wall Street's bar even as revenue continued to slide. The Austin-based mobile technology company earned $0.12 per share on a non-GAAP basis, well above th… Read more Digital Turbine delivered a mixed fiscal fourth quarter, posting adjusted earnings that cleared Wall Street's bar even as revenue continued to slide. The Austin-based mobile technology company earned $0.12 per share on a non-GAAP basis, well above the $0.07 consensus estimate, but revenue of $112.22 million fell short of the $117.69 million analysts had expected and declined nearly 20% from the year-ago period, pressured by decade-low device upgrade rates and selective app distribution constraints in the U.S. Market. A $189.46 million noncash goodwill impairment charge deepened the pain on a GAAP basis, driving a net loss of $236.51 million for the quarter. Non-GAAP adjusted EBITDA also contracted sharply, falling to $12.30 million from $23.11 million a year prior. CEO Bill Stone pointed to new global device partnerships and a re-engineered ad tech platform as catalysts for recovery, and the company guided fiscal 2025 revenue of $540 million to $560 million alongside non-GAAP adjusted EBITDA of $85 million to $95 million, signaling expectations for stabilization ahead.
Key Takeaways
- • Decade-low device upgrade rates negatively impacted results
- • Selective app distribution limitations in the U.S.
- • 20% year-over-year revenue decline
- • Noncash goodwill impairment charge of $189.5 million in Q4
- • Total goodwill impairment charges of $336.6 million for full fiscal year 2024
APPS YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
APPS Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are seeing encouraging real-time momentum in the marketplace that we believe validates our strategy and positions the Company for a return to growth in the new fiscal year.”
— Bill Stone, Q4 2024 Earnings Press Release
APPS Earnings Trends
APPS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
APPS EPS Trend
Earnings per share: estimate vs actual
APPS Revenue Trend
Quarterly revenue: estimate vs actual
APPS Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.09 | $0.16 | +88.24% | $142.5M | +7.00% |
| FY Full Year | $0.40 | $0.56 | +41.77% | $565.3M | +1.68% |
| Q3 26 BEAT | $0.12 | $0.18 | +56.52% | $151.4M | +3.89% |
| Q2 26 BEAT | $0.05 | $0.15 | +200.00% | $140.4M | +10.53% |
| Q1 26 MISS | $0.08 | $0.05 | -37.50% | $130.9M | +7.37% |
| Q4 25 BEAT FY | $0.04 | $0.10 | +150.00% | $119.2M | +2.16% |
| FY Full Year | — | $0.35 | — | $490.5M | — |
| Q3 25 BEAT | $0.06 | $0.13 | +116.67% | $134.6M | +8.86% |
| Q2 25 MISS | $0.06 | $0.05 | -16.67% | $118.7M | -5.66% |
| Q1 25 BEAT | $0.04 | $0.07 | +75.00% | $118.0M | +1.69% |
| Q4 24 BEAT FY | $0.07 | $0.12 | +71.43% | $112.2M | -4.65% |
| FY Full Year | — | $0.58 | — | $544.5M | — |