Business
Digital Turbine Reports Fourth Quarter and Fiscal 2021 Financial Results
Fourth Quarter Revenue of $95.1 Million Represented 142% Annual Growth; Fiscal 2021 Revenue of $313.6 Million Increased 126% Fiscal 2021 GAAP EPS of $0.57 and
About this update from Digital Turbine, Inc.
[{"type":"text","content":"Fourth Quarter Revenue of $95.1 Million Represented 142% Annual Growth; Fiscal 2021 Revenue of $313.6 Million Increased 126%\n Fiscal 2021 GAAP EPS of $0.57 and Non-GAAP EPS of $0.74 More than Tripled Year-Over-Year, Showcasing Operating Leverage and Accelerating Profitability\n Completion of Fyber Transaction Brings Full Ad-Tech Stack to the Digital Turbine Platform\n\n\nAUSTIN, Texas, June 1, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal full year and quarter ended March 31, 2021. All operating results discussed below, except as otherwise specifically noted, refer only to the continuing operations of the Company, and all comparisons to prior periods have been adjusted to reflect only continuing operations. The Company completed its acquisition of Mobile Posse, Inc. (\"Mobile Posse\"), on February 28, 2020. All operating results discussed below include the contribution of Mobile Posse's operations for the period from February 28, 2020 through March 31, 2020.\nRecent Financial Highlights:\nFiscal fourth quarter of 2021 revenue totaled $95.1 million, representing an increase of 142% as compared to total revenue reported in the fiscal fourth quarter of 2020. Application Media revenue increased 95% year-over-year to $67.2 million in the fiscal fourth quarter of 2021. Content Media revenue, which primarily included revenue related to the February 2020 acquisition of Mobile Posse, totaled $27.9 million in the fiscal fourth quarter of 2021. Fiscal year 2021 revenue totaled $313.6 million, representing annual growth of 126% as compared to fiscal year 2020 revenue of $138.7 million. GAAP net income for the fiscal fourth quarter of 2021 was $30.1 million, or $0.31 per share, as compared to GAAP net income of $14.0 million, or $0.15 per share for the fiscal fourth quarter of 2020. Non-GAAP adjusted net income1 for the fiscal fourth quarter of 2021 was $24.5 million, or $0.25 per share, as compared to Non-GAAP adjusted net income of $4.2 million, or $0.05 per share, in the fiscal fourth quarter of 2020. Non-GAAP adjusted EBITDA2 for the fiscal fourth quarter of 2021 was $22.5 million, as compared to Non-GAAP adjusted EBITDA of $5.3 million in the fiscal fourth quarter of 2020. Non-GAAP Adjusted EBITDA for full year fiscal 2021 totaled $75.6 million, representing 287% growth when compar...