Digital Turbine, Inc. ($APPS) Q4 2023 Earnings Call Summary

Digital Turbine, Inc. ($APPS) Q4 2023 Earnings Call Summary

Posted: 1 week, 2 days ago // May 25, 2023 1:22 p.m. UTC

Here is a summary of Digital Turbine, Inc.'s Q4 2023 earnings call, which took place on :

- Digital Turbine had $666 million in revenue, $163 million of EBITDA, and $1.15 of non-GAAP EPS in fiscal year 2023.

- The company expects sequential growth in the first half of 2023 due to improved execution, new products, and media relationships, as well as increased stability in the macro environment.

- Digital Turbine's SingleTap licensing business has shown growth and has a healthy pipeline of partners looking to adopt SingleTap through Google.

- The company has launched its first alternative app stores with four U.S. operators and has a strong international pipeline, and has taken an equity position in alternative app store company Aptoide.

- Digital Turbine is doubling its investment in dedicated data science teams and machine learning engineers to build AI and machine learning models across all segments of the DT network.

- The company expects revenue for fiscal Q1 to be between $140 million and $145 million, with adjusted EBITDA between $23 million and $25 million and non-GAAP adjusted net income per diluted share between $0.11 and $0.13.

- Digital Turbine plans to use free cash flows from operations to reduce its debt position and remains confident in its balance sheet and capital position, with access to low-cost credit facilities.

- The company expects improvements in the macro environment in the second half of the calendar year and gross margins to stabilize in the high 40s in the near term, with long-term growth expectations.

This is an AI generated summary. There may be inaccuracies.

Relevant tickers: APPS