How did Digital Turbine's revenue and expenses trend in Q1 2025?
4/14/2025 07:11pm
In Q1 2025, Digital Turbine's revenue and expenses were not reported, and there were no available data on their specific trends for that quarter. However, we can analyze the company's performance and outlook based on related information.
1. **Revenue**: Digital Turbine's revenue for the third quarter of 2024 was $134.6 million, which marked a 13% increase from the previous quarter. Despite a weaker-than-expected third-quarter performance with sales decreasing to $135 million and a net loss widening to $23 million, the company raised its full-year revenue guidance following a strong third-quarter performance. This upward revision suggests a potential revenue uptick in Q1 2025.
2. **Expenses**: The company reported a GAAP net loss of $23.1 million for the third quarter, although non-GAAP adjusted net income was $13.7 million. The appointment of a new CFO and revised corporate guidance may have impacted expense management, but specific expense trends for Q1 2025 are not available.
In conclusion, while Digital Turbine showed promise with a revenue increase and guidance raise, the net loss and lack of Q1 data make it challenging to fully assess the company's financial performance in that quarter.