NASDAQ$APPS

Digital Turbine Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Digital Turbine's revenue increased significantly, driven by strong demand for both Application Media and Content Media service offerings.

Digital Turbine reported strong fiscal second quarter results with revenue of $70.9 million, representing a 116% increase year-over-year. The company achieved record revenue, profitability, and free cash flow, driven by strong demand for its Application Media and Content Media service offerings.

  • Total revenue for the second quarter of fiscal 2021 was $70.9 million, representing an increase of 116% year-over-year.
  • Application Media revenue increased 50% year-over-year to $49.1 million.
  • Content Media revenue totaled $21.8 million.
  • Non-GAAP adjusted EBITDA was $16.5 million, representing growth of 265% as compared to the fiscal second quarter of 2020.

Headline financials

Total Revenue

$70.9M

Previous: $32.8M+116.2%
EPS (adj)

$0.15

Previous: $0.05+200.0%
Free Cash Flow

$21.5M

No prior period
Net Income

$373K

Previous: -$1.43M+126.2%
Operating Income

$12.1M

Previous: $3.12M+289.0%
Gross Profit

$29.7M

Previous: $12.3M+141.4%
Cash & Equivalents

$33M

Previous: $25.2M+31.1%
Total Assets

$209M

Previous: $102M+104.2%

Revenue & EPS history

Digital Turbine · Revenue · Quarterly

$70.9M

Q2 2021+116.2%vs Q2 2020
Beat estimate in 13 of 13 quarters(100%)
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 currently expects revenue of between $72 million and $75 million, Non-GAAP adjusted EBITDA of between $17 million and $18 million, and Non-GAAP adjusted EPS of between $0.15 and $0.16 for its fiscal third quarter.

Tailwinds

  • Revenue of between $72 million and $75 million
  • Non-GAAP adjusted EBITDA of between $17 million and $18 million
  • Non-GAAP adjusted EPS of between $0.15 and $0.16

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 Q2 2021

Historical avgQ2 2021

+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%

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