Digital Turbine, Inc.

Digital Turbine, Inc. announced that Michael Akkerman, its Chief Business Officer, has resigned from his position. His resignation is effective October 30, 2026, as he plans to pursue a Chief Executive Officer opportunity with a different company. The company has not yet announced a replacement for Mr. Akkerman.

Digital Turbine, Inc. reported its first-quarter 2026 financial results, showing a significant increase in net revenue to $166.0 million from $130.9 million year-over-year. The company also narrowed its net loss to $(11.3) million and achieved positive income from operations of $23.1 million, a substantial improvement from a loss in the prior year. Key operational highlights include increased cash flow from operating activities and growth across both its On Device Solutions (ODS) and App Growth Platform (AGP) segments. However, the company recorded a non-cash fair value adjustment of $9.3 million on equity securities and amended its financing agreement.

Digital Turbine, Inc. announced strong financial results for the fiscal first quarter ended June 30, 2026, with net revenue reaching $166.0 million, a 27% increase year-over-year. The company reported a GAAP net loss of $3.2 million, or $(0.03) per share, but a non-GAAP adjusted net income of $24.1 million, or $0.19 per share. Non-GAAP adjusted EBITDA significantly grew by 69% to $42.5 million. Following these results, Digital Turbine raised its full-year fiscal 2027 guidance for both revenue and non-GAAP adjusted EBITDA.

Digital Turbine, Inc. announced its Annual Meeting of Stockholders to be held on August 25, 2026, at its headquarters in Austin, Texas. Stockholders of record as of July 1, 2026, are eligible to vote on several key proposals. These include the election of seven director nominees, advisory votes on executive compensation and its frequency, ratification of Grant Thornton LLP as the independent auditor, and an amendment to the 2020 Equity Incentive Plan to increase authorized shares by 10,630,000.

Digital Turbine, Inc. completed its transformation program in Q4 fiscal year 2025, which included a two-phased workforce reduction in November 2024 and January 2025. The program aimed to improve operating expenses, cash flows, and streamline business operations. The company, a leading independent mobile growth platform, operates through On Device Solutions and App Growth Platform segments, facing intense competition and a history of net losses. Its financial results are subject to significant variability and seasonality.

Digital Turbine reported strong financial results for fiscal Q4 and full year 2026, with Q4 net revenue increasing 20% year-over-year to $142.5 million and non-GAAP adjusted EBITDA growing 53% to $31.4 million. For the full fiscal year 2026, net revenue rose 15% to $565.3 million, and non-GAAP adjusted EBITDA surged 69% to $122.5 million. The company also provided an optimistic outlook for fiscal year 2027, projecting revenue between $630 million and $650 million and non-GAAP adjusted EBITDA between $135 million and $145 million.