Categories Earnings, Technology

Digital Turbine, Inc. (NASDAQ: APPS): Q3 2020 Earnings Snapshot

— Digital Turbine, Inc. (NASDAQ: APPS) reported adjusted earnings of $0.05 per share for the third quarter of 2020, vs. 0.05 per share expected.

— Net income, on un-adjusted basis, was $3.3 million or $0.04 per share, compared to a loss of $1.1 million or $0.01 per share in the third quarter of 2019

— Revenues increased 18% to $36 billion from $30.41 billion last year, vs. $37.7 million expected

— Mobile Posse acquisition is expected to diversify mobile platform and create new growth opportunities

— Surpasses 365 million total devices with Ignite installed to date

— Signed a global partnership agreement with LG Electronics, a leading mobile communications and consumer electronics company

— Expects fourth-quarter revenue of between $33.2 million and $34.5 million; sees adjusted EBITDA of between $3.5 million and $4.0 million

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