Digital Turbine, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 04:10 pm EST
Share
Digital Turbine, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 143.26 million compared to USD 174.86 million a year ago. Net loss was USD 161.48 million compared to net income of USD 11.66 million a year ago. Basic loss per share from continuing operations was USD 1.61 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 1.61 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.
For the six months, sales was USD 289.63 million compared to USD 363.49 million a year ago. Net loss was USD 169.66 million compared to net income of USD 26.59 million a year ago. Basic loss per share from continuing operations was USD 1.69 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 1.69 compared to diluted earnings per share from continuing operations of USD 0.26 a year ago.
Digital Turbine, Inc. is a provider of independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The Company offers end-to-end products and solutions leveraging technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its segments include On Device Solutions (ODS) and App Growth Platform (AGP). Its ODS segment consists of products and services that simplify the discovery and delivery of mobile applications and content media for device end-users. Its AGP segment consists of Advertising Solutions and Ad Monetization Solutions. Its Advertising Solutions serve two key segments: App Developers, and Brands and Agencies, which enables them to execute targeted mobile campaigns on the Companyâs direct application inventory.
DIGITAL TURBINE, INC. 
