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Digital Turbine ( (APPS) ) has shared an update.
Digital Turbine announced a change in its executive team with Barrett Garrison, the Executive Vice President and Chief Financial Officer, mutually separating from the company effective February 5, 2025. Stephen Lasher was appointed as the new Chief Financial Officer, bringing extensive experience from his prior roles at Vonage and IBM. Concurrently, Digital Turbine reported its fiscal third quarter financial results for 2025, highlighting a 13% quarter-over-quarter revenue increase to $134.6 million, despite a 6% year-over-year decline. The company faced a GAAP net loss of $23.1 million for the quarter but achieved a non-GAAP adjusted net income of $13.7 million. CEO Bill Stone attributed the financial performance to strong demand for their On-Device products and growth on the App Growth Platform, leading to an improved outlook for fiscal 2025.
More about Digital Turbine
Digital Turbine empowers superior mobile consumer experiences and results for the world’s leading telcos, advertisers, and publishers. Its end-to-end platform simplifies partners’ abilities to enhance awareness, acquisition, and monetization, connecting them with more consumers across devices. The company is headquartered in North America, with global offices.
YTD Price Performance: 40.91%
Average Trading Volume: 4,099,773
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $257.2M
Learn more about APPS stock on TipRanks’ Stock Analysis page.
