NASDAQ$APPS
Digital Turbine Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Digital Turbine's revenue declined due to the decrease in both On Device Solutions and App Growth Platform segments, resulting in a net loss due to a non-cash goodwill impairment charge.
Digital Turbine reported a revenue of $143.3 million for the fiscal second quarter of 2024, an 18% year-over-year decline. The company experienced a GAAP net loss of $161.5 million, which included a noncash goodwill impairment charge of $147.2 million. Non-GAAP adjusted net income was $13.9 million, and Non-GAAP adjusted EBITDA totaled $27.7 million.
- Second quarter revenue totaled $143.3 million, representing an 18% year-over-year decline.
- GAAP net loss was $161.5 million, including a noncash goodwill impairment charge of $147.2 million.
- Non-GAAP adjusted net income was $13.9 million.
- Non-GAAP adjusted EBITDA totaled $27.7 million, a 3% sequential increase compared to the previous quarter but a 43% year-over-year decline.
Headline financials
Revenue & EPS history
Digital Turbine · Revenue · Quarterly
$143M
Revenue by segment
Digital Turbine · $145M total across 2 segments · Q2 2024
- On Device Solutions$99.1M-8.7%68.2%
- App Growth Platform$46.2M-32.3%31.8%
Forward guidance
The Company currently expects for the third quarter of fiscal 2024 revenue of between $144 million and $150 million, Non-GAAP adjusted EBITDA of between $27 million and $31 million and Non-GAAP adjusted EPS of between $0.16 and $0.19.
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 2024
+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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