NASDAQ$APPS

Digital Turbine Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a record financial results driven by top-line growth and operating leverage, while strategically positioning the company for future success with a differentiated end-to-end platform.

Digital Turbine reported a strong fiscal second quarter in 2022, with revenue totaling $310.2 million, representing a 338% increase year-over-year on an as-reported basis and a 63% increase year-over-year as compared to the comparable pro forma figure for the fiscal second quarter of 2021. The company's GAAP net loss was $5.9 million, or ($0.06) per share, while Non-GAAP adjusted net income was $45.3 million, or $0.44 per share.

  • Second quarter revenue totaled $310.2 million, a 338% increase year-over-year on an as-reported basis.
  • GAAP net loss for the second quarter was $5.9 million, or ($0.06) per share.
  • Non-GAAP adjusted net income for the second quarter was $45.3 million, or $0.44 per share.
  • Non-GAAP adjusted EBITDA for the second quarter was $47.9 million, representing growth of 191% year-over-year.

Headline financials

Total Revenue

$310M

Previous: $70.9M+337.6%
EPS (adj)

$0.44

Previous: $0.15+193.3%
Net Income

-$5.85M

Previous: $373K-1668.9%
Operating Income

$16.5M

Previous: $12.1M+36.4%
Gross Profit

$97.1M

Previous: $29.7M+226.8%
Cash & Equivalents

$95.5M

Previous: $33M+189.8%
Total Assets

$1.41B

Previous: $209M+576.9%
Stock-Based Comp

$1.99M

No prior period

Revenue & EPS history

Digital Turbine · Revenue · Quarterly

$310M

Q2 2022+337.6%vs Q2 2021
Beat estimate in 13 of 14 quarters(93%)
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 $350 million and $355 million, Non-GAAP adjusted EBITDA of between $53 million and $56 million, and Non-GAAP adjusted EPS of between $0.41 and $0.44 for the third quarter of fiscal 2022.

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 2022

Historical avgQ2 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%

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