Q1 2027 Digital Turbine Inc Earnings Call Transcript
Key Points
- Revenue grew 27% year-over-year to $166 million, with adjusted EBITDA up 69%.
- International On-Device Solutions revenue surged nearly 80% year-over-year, driven by higher device volumes and revenue per device.
- App Growth Platform (AGP) delivered its fourth consecutive quarter of double-digit growth, with over 50% year-over-year growth, outpacing the industry.
- Direct brand business grew over 70% and DTX (SSP) grew over 40% year-over-year, showing strong demand diversification.
- Net leverage ratio improved from over 5 turns to 2.5 turns, and the company raised its fiscal 2027 revenue and adjusted EBITDA guidance.
- Global device volumes face macro headwinds due to DRAM pricing issues in the supply chain.
- GAAP net loss of $3.2 million was reported, though improved from the prior year.
- A non-cash adjustment is being finalized that may impact GAAP net income but not non-GAAP results.
- Brand business growth may be lumpy and seasonal, posing modeling challenges.
- The company is not fully insulated from macroeconomic risks such as inflation, tariffs, and geopolitics, despite relative resilience.
Good day and welcome to the Digital Turbine reports fiscal 2027 first quarter financial results conference call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Brian Bartholomew, Senior Vice President of Capital Markets. Please go ahead.
Thank you. Good afternoon, and welcome to the Digital Turbine fiscal 2027 first quarter earnings conference call. Joining me today on the call to discuss our results are CEO Bill Stone and Interim CFO Josh Kinsell.
Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. These forward-looking statements are based on our current assumptions, expectations and beliefs. Including projected operating metrics, future products and services, anticipated market demand, and other forward-looking topics.
Although we believe that our assumptions are reasonable, they are not
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