Digital Turbine, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:05 pm EST
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Digital Turbine, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 142.63 million compared to USD 162.31 million a year ago. Net loss was USD 14.06 million compared to net income of USD 4.02 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 432.26 million compared to USD 525.8 million a year ago. Net loss was USD 183.72 million compared to net income of USD 30.61 million a year ago. Basic loss per share from continuing operations was USD 1.83 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 1.83 compared to diluted earnings per share from continuing operations of USD 0.3 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. 
