Digital Turbine (APPS) Reports In-Line Q3 EPS

Digital Turbine (NASDAQ: APPS) reported Q3 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $36 million versus the consensus estimate of $37.7 million.

"The December quarter was another highly productive quarter for Digital Turbine across a number of fronts," said Bill Stone, CEO. "In terms of our financial results for the quarter, I was pleased with our improved execution and the resilient profitability demonstrated by our business model. Despite substantially weaker-than-expected Android device sales in November in our core U.S. market, we managed to generate $5.6 million in EBITDA and more than $7 million in free cash flow during the quarter. We did a nice job controlling what we could control as we set all-time records for revenue-per-device (\"RPD\"), revenue from new products, and revenue from our new partners. In terms of our addressable market for devices, we are continuing to make meaningful progress advancing our global device footprint with key strategic partners such as Samsung, LG Electronics, and Telefonica. We expect these and other new partner rollouts, along with the increased promotion and adoption of 5G, and the penetration into new device types such as televisions, to be significant growth contributors in calendar 2020 and beyond."

GUIDANCE:

Digital Turbine sees Q4 2020 revenue of $33.2-34.5 million, versus the consensus of $33.6 million.

For earnings history and earnings-related data on Digital Turbine (APPS) click here.

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