Digital Turbine Inc #APPS faced a drop in revenue and net losses in the third quarter of 2024
The revenue of the mobile communications development platform decreased by 12% to $142.6 million over the year, reflecting a decrease in the pace of device upgrades in the United States and factors of temporary platform consolidation.
Digital Turbine Inc works in the ecosystem of mobile applications, offering solutions for brand discovery and advertising, attracting and interacting with users, as well as improving operational efficiency for advertisers.
The company's GAAP net loss for the quarter was $14.1 million, or ($0.14) per share, which is a significant decrease compared to GAAP net income of $4.1 million, or $0.04 per share, in the third fiscal quarter of 2023. Adjusted net income excluding GAAP. It amounted to $15.6 million, or $0.15 per share, compared to $30.2 million, or $0.29 per share, in the quarter of the previous year.
The revenue of the mobile communications development platform decreased by 12% to $142.6 million over the year, reflecting a decrease in the pace of device upgrades in the United States and factors of temporary platform consolidation.
Digital Turbine Inc works in the ecosystem of mobile applications, offering solutions for brand discovery and advertising, attracting and interacting with users, as well as improving operational efficiency for advertisers.
The company's GAAP net loss for the quarter was $14.1 million, or ($0.14) per share, which is a significant decrease compared to GAAP net income of $4.1 million, or $0.04 per share, in the third fiscal quarter of 2023. Adjusted net income excluding GAAP. It amounted to $15.6 million, or $0.15 per share, compared to $30.2 million, or $0.29 per share, in the quarter of the previous year.