Business
Digital Turbine Reports Fourth Quarter and Fiscal Year 2022 Financial Results
Fiscal 2022 Revenue of $747.6 Million Increased 138% on an As-Reported Basis; Fourth Quarter Revenue Totaled $184.1 Million Fiscal 2022 GAAP Net Income of
About this update from Digital Turbine, Inc.
[{"type":"text","content":"Fiscal 2022 Revenue of $747.6 Million Increased 138% on an As-Reported Basis; Fourth Quarter Revenue Totaled $184.1 Million\nFiscal 2022 GAAP Net Income of $35.6 Million and GAAP EPS of $0.35\nFiscal 2022 Non-GAAP EPS1 of $1.66 Increased 124% Year-Over-Year; Fiscal 2022 Non-GAAP Adjusted EBITDA2 of $195.2 Million Increased 158% Year-Over-Year\nAUSTIN, Texas, May 31, 2022 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal full year and quarter ended March 31, 2022. The Company completed the acquisitions of AdColony Holdings AS (\"AdColony\") and Fyber N.V. (\"Fyber\") on April 29 and May 25, 2021, respectively. Specific references made to \"pro forma\" results in this release provide investors with quarterly results and comparisons as if all acquired businesses were owned for the entirety of fiscal years 2021 and 2022. The Company believes that pro forma results, where applicable, can provide investors with more relevant year-over-year comparisons. As was initially announced on May 11, 2022, the Company has restated its financial results for the fiscal year 2022 quarters to reflect revenue net of revenue share costs for certain product offerings of the acquired AdColony and Fyber businesses. Results discussed below reflect this change.\nRecent Financial Highlights:\nFiscal fourth quarter of 2022 revenue totaled $184.1 million, representing a 94% increase year-over-year on an as-reported basis and a 19% increase year-over-year as compared to the comparable pro forma figure for the fiscal fourth quarter of 2021.Fiscal year 2022 revenue totaled $747.6 million, representing a 138% increase year-over-year on an as-reported basis. On a pro forma basis, fiscal year 2022 revenue increased 41% year-over-year as compared to the comparable pro forma figure for fiscal year 2021.GAAP net income for the fiscal fourth quarter of 2022 was $20.1 million, or $0.19 per share, as compared to GAAP net income for the fiscal fourth quarter of 2021 of $30.1 million, or $0.31 per share. Non-GAAP adjusted net income1 for the fiscal fourth quarter of 2022 was $41.0 million, or $0.39 per share, as compared to Non-GAAP adjusted net income1 of $24.5 million, or $0.25 per share, in the fiscal fourth quarter of 2021.GAAP net income for fiscal year 2022 was $35.6 million, or $0.35 per share, as compared to GAAP net in...