NASDAQ$APPS

Digital Turbine Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported revenue of $212.6 million, with pro forma revenue of $292.0 million, representing 104% year-over-year growth, driven by organic revenue growth and scaled operating leverage.

Digital Turbine reported strong fiscal 2022 first-quarter results, with revenue totaling $212.6 million. Pro forma revenue, including AdColony and Fyber, reached $292.0 million, a 104% increase year-over-year. The company's GAAP net income was $14.3 million, or $0.14 per share, while non-GAAP adjusted net income was $33.4 million, or $0.34 per share. The acquisitions of AdColony and Fyber were completed during the quarter, enhancing the company's full-stack platform capabilities.

  • Total revenue for the first quarter of fiscal 2022 was $212.6 million.
  • Pro forma revenue for the fiscal first quarter of 2022 was $292.0 million, representing a 104% increase year-over-year.
  • GAAP net income for the fiscal first quarter of 2022 was $14.3 million, or $0.14 per share.
  • Non-GAAP adjusted net income for the fiscal first quarter of 2022 was $33.4 million, or $0.34 per share.

Headline financials

Total Revenue

$213M

Previous: $59M+260.3%
EPS (adj)

$0.34

Previous: $0.13+161.5%
Net Income

$14.3M

Previous: $9.94M+43.7%
Operating Income

$19.1M

Previous: $10.6M+80.2%
Gross Profit

$74.3M

Previous: $26.2M+184.0%
Cash & Equivalents

$83.1M

Previous: $18.7M+344.0%
Total Assets

$1.42B

Previous: $192M+642.6%
Stock-Based Comp

$3.71M

Previous: $1.44M+157.6%

Revenue & EPS history

Digital Turbine · Revenue · Quarterly

$213M

Q1 2022+260.3%vs Q1 2021
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Revenue by segment

Digital Turbine · $568M total across 2 segments · Q4 2026

  • On Device Solutions
    $382M
  • App Growth Platform
    $186M

Forward guidance

The Company expects revenue between $300 million and $306 million, non-GAAP adjusted EBITDA between $44 million and $46 million, and non-GAAP adjusted EPS of $0.38, based on approximately 105 million diluted shares outstanding for the second quarter of fiscal 2022.

Tailwinds

  • Revenue of between $300 million and $306 million
  • Non-GAAP adjusted EBITDA of between $44 million and $46 million
  • Non-GAAP adjusted EPS of $0.38
  • Based on approximately 105 million diluted shares outstanding

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.6%

Avg return

Earnings day

+7.2%

Avg return

5 days after

+4.6%

Avg return

30 days after

43%

27 / 63 earnings

Positive

+96.5%

Q3 2025

Best reaction

-44.9%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+5.7%-10.5%-17.0%
Q2 2026+23.0%+0.0%-15.4%
Q1 2026-14.9%-21.1%-18.0%
Q4 2025+56.8%+19.8%+8.1%
Q3 2025+96.5%+114.6%+15.7%
Q2 2025-44.9%-56.9%-53.8%
Q1 2025+61.8%+57.9%+59.6%
Q4 2024-13.1%-11.7%-30.4%
Q3 2024-27.8%-27.1%-41.3%
Q2 2024-5.9%-8.4%+20.1%
Q1 2024-11.2%-12.0%-24.4%
Q4 2023-42.6%-36.5%-45.4%
Q3 2023-28.2%-26.3%-42.9%
Q2 2023+50.3%+57.8%+42.3%
Q1 2023-6.9%+3.6%-23.4%
Q4 2022-26.2%-1.0%-42.0%
Q3 2022+11.7%+9.7%-14.6%
Q2 2022-20.3%-22.8%-44.6%
Q1 2022-8.7%-16.6%-7.2%
Q4 2021-1.7%+2.4%+18.3%
Q3 2021+21.1%+42.7%+16.1%
Q2 2021-4.6%+14.1%+34.6%
Q1 2021+36.9%+48.3%+51.2%
Q4 2020+36.7%+44.0%+95.0%
Q3 2020-1.7%+12.8%-2.0%
Q2 2020-3.0%+0.4%+17.3%
Q1 2020-0.9%+13.4%+31.9%
Q4 2019+13.8%+26.0%+41.9%
Q3 2019+11.9%+16.5%+44.5%
Q2 2019+12.6%+25.9%+48.1%
Q1 2019+6.2%+1.4%-8.9%
Q4 2018-8.7%-5.8%-15.7%
Q3 2018-2.4%+6.8%+14.1%
Q2 2018+0.0%-6.3%+1.3%
Q1 2018+2.8%+0.0%+7.3%
Q4 2017+3.0%+5.8%+3.9%
Q3 2017+4.3%+0.0%+27.1%
Q2 2017+2.9%+23.5%-4.4%
Q1 2017+1.9%-3.7%+29.0%
Q4 2016+4.0%+9.0%+9.0%
Q3 2016-12.4%
Q2 2016-3.1%
Q1 2016-8.6%
Q4 2015-10.9%
Q3 2015+6.0%
Q2 2015-8.7%
Q1 2015+13.4%
Q4 2014-2.9%
Q3 2014+6.7%
Q2 2014+6.1%
Q1 2014-9.9%
Q4 2013-1.1%
Q3 2012+0.0%
Q2 2013-4.0%
Q1 2013+0.0%
Q4 2012+2.6%
Q2 2012+0.0%
Q1 2012+0.0%
Q4 2011+14.7%
Q3 2010+0.0%
Q2 2010+47.8%
Q1 2010+0.0%
Q4 2010+0.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro