NASDAQ$APPS
Digital Turbine Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Digital Turbine's first quarter of fiscal year 2024 experienced a revenue decline year-over-year, but showed sequential growth. The company reported a GAAP net loss, but non-GAAP adjusted net income and EBITDA were positive. The company is focused on improving platform performance and investing in growth initiatives.
Digital Turbine reported a revenue of $146.4 million for the first quarter of fiscal year 2024, a 22% decrease year-over-year but a 4% increase sequentially. The company had a GAAP net loss of $8.4 million, or ($0.08) per share, while non-GAAP adjusted net income was $18.2 million, or $0.18 per share. Non-GAAP adjusted EBITDA was $27.0 million.
- Revenue totaled $146.4 million, a 22% decline year-over-year but a 4% sequential increase.
- GAAP net loss was $8.4 million, or ($0.08) per share.
- Non-GAAP adjusted net income was $18.2 million, or $0.18 per share.
- Non-GAAP adjusted EBITDA totaled $27.0 million, a 48% decline year-over-year but a 17% sequential increase.
Headline financials
Revenue & EPS history
Digital Turbine · Revenue · Quarterly
$146M
Revenue by segment
Digital Turbine · $147M total across 2 segments · Q1 2024
- On Device Solutions$98.3M-17.2%66.7%
- App Growth Platform$49M-32.4%33.3%
Forward guidance
For the second quarter of fiscal 2024, Digital Turbine expects revenue between $141 million and $149 million, non-GAAP adjusted EBITDA between $25 million and $27 million, and non-GAAP adjusted EPS between $0.13 and $0.15.
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 2024
+4.1%
Avg return
Earnings day
+9.3%
Avg return
5 days after
+4.6%
Avg return
30 days after
44%
28 / 64 earnings
Positive
+96.5%
Q3 2025
Best reaction
-44.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +38.7% | +93.6% | — | |
| 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% | — | — |
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