Digital Turbine, Inc. announced its financial results for the fiscal third quarter ended December 31, 2024. The company reported a total revenue of $134.6 million, a 13% increase from the previous quarter, yet a 6% decline year-over-year. While the GAAP net loss was $23.1 million, the non-GAAP adjusted net income stood at $13.7 million, reflecting operational challenges. However, non-GAAP adjusted EBITDA was $22.0 million, indicating significant quarter-over-quarter improvement, driven by optimized profit measures and strong demand for on-device products.
Our financial results exceeded our expectations in the December quarter with improved execution and the enactment of transformational profit-optimization measures driving improved operating performance and free cash flow.
Strong advertiser and publisher demand for our increasingly wide array of On-Device product offerings and continuing growth in spending from leading advertisers contributed positively to our financial stability.
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