Digital Turbine (APPS) Q4 2024 Earnings

Yes. Digital Turbine reported Q4 2024 earnings of $0.12 a share on May 28, 2024, beating the $0.07 consensus estimate by 71.4%. Revenue was $112.2M against a $117.7M estimate.

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.