Digital Turbine's Q4 2025: Unpacking Contradictions in Regulatory Impact, RPD Growth, and Publisher Dynamics

Regulatory environment and publisher interest, international RPD growth drivers, U.S. RPD trends, international revenue per device (RPD) growth drivers, and regulatory environment impact on app publishers are the key contradictions discussed in Digital Turbine's latest 2025Q4 earnings call.



Revenue and EBITDA Growth:
- Digital Turbine achieved $119.1 million in revenue and $20.5 million in EBITDA for fiscal '25, marking a return to year-over-year growth.
- This growth was driven by improved execution and strategic investments in new products and AI machine learning platforms.

International Revenue Growth:
- The company reported a significant increase in international RPDs, up over 100% year-over-year.
- This growth was attributed to improved demand monetization, increased device partnerships, and operational execution in international markets.

AGP and Supply Side Performance:
- Digital Turbine's AGP business generated $33 million in revenue, focusing on leveraging first-party data for brand partnerships.
- The supply side returned to growth due to better leveraging of first-party data, improved AI machine learning, and a more consolidated exchange strategy.

Operational Efficiency and Cost Savings:
- Non-GAAP gross margin improved to 48%, up from 46% the previous year, driven by product mix changes and disciplined cost control.
- The implementation of transformation cost savings led to a 7% year-over-year decline in cash operating expenses.