NASDAQ$APPS
Digital Turbine Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Digital Turbine's Q2 2023 financial results were announced, revealing a mix of challenges and strategic progress.
Digital Turbine reported a revenue of $174.9 million, a 7% year-over-year decline. GAAP net income was $11.7 million, or $0.12 per share, while non-GAAP EPS was $0.34. The company's adjusted EBITDA increased by 1% year-over-year to $48.2 million, with adjusted EBITDA margin reaching an all-time high of 28%.
- Revenue totaled $174.9 million, representing a 7% year-over-year decline.
- GAAP net income was $11.7 million, or $0.12 per share.
- Non-GAAP EPS was $0.34, compared to $0.44 in the prior year.
- Adjusted EBITDA increased 1% year-over-year to $48.2 million, with adjusted EBITDA margin reaching a record 28%.
Headline financials
Revenue & EPS history
Digital Turbine · Revenue · Quarterly
$175M
Revenue by segment
Digital Turbine · $177M total across 2 segments · Q2 2023
- On Device Solutions$108M—61.4%
- App Growth Platform$68.3M—38.6%
Forward guidance
The Company currently expects the following for the third quarter of fiscal 2023: Revenue of between $180 million and $190 million, Non-GAAP adjusted EBITDA of between $53 million and $57 million and Non-GAAP adjusted EPS of $0.36 to $0.39.
Tailwinds
- Revenue of between $180 million and $190 million
- Non-GAAP adjusted EBITDA of between $53 million and $57 million
- Non-GAAP adjusted EPS of $0.36 to $0.39
- Based on approximately 104 million diluted shares outstanding
- Effective tax rate of 25% in the fiscal third quarter
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 2023
+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
| Quarter | Report date | Reaction (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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