Digital Turbine (APPS) Misses Q3 EPS by 2c, offers outlook

Digital Turbine (NASDAQ: APPS) reported Q3 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $142.63 million versus the consensus estimate of $146.21 million.

Business Outlook

Based on information available as of February 7, 2024, and considering the ongoing uncertainties in the macro environment, the Company currently expects the following for the full-year fiscal 2024:

Revenue of between $547 million and $553 million, versus the consensus of $572.5 million.
Non-GAAP adjusted EBITDA2 of between $90 million and $94 million.
Non-GAAP adjusted EPS1 of between $0.50 and $0.54,versus the consensus of $0.61 and based on approximately 104 million diluted shares outstanding and an effective tax rate of 25% on Non-GAAP adjusted net income.

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

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