Summary by Futu AI
Digital Turbine reported Q1 FY2025 revenue of $118.0 million, showing 5% QoQ growth but a 19% YoY decline. The company posted a GAAP net loss of $25.2 million ($0.25 per share), compared to a loss of $8.4 million in Q1 FY2024. Non-GAAP adjusted EBITDA was $14.5 million, up 18% QoQ but down 46% YoY.On Device Solutions revenue reached $80.7 million, growing 3% sequentially despite sluggish U.S. handset upgrades, driven by international device additions. App Growth Platform revenue increased 11% QoQ to $38.4 million, boosted by stronger demand for Brand and Exchange offerings. The company's EBITDA margin expanded by 135 basis points sequentially due to top-line growth and expense management.The company reaffirmed its FY2025 guidance, projecting revenue between $540-560 million and Non-GAAP adjusted EBITDA of $85-95 million. Management expressed optimism about continued growth and margin expansion in the second half of the calendar year, citing increasing market interest in alternative direct app distribution models.
