The acquisition of AdColony, a leading mobile advertising platform servicing advertisers and publishers with a reach of more than 1.5 billion monthly global users, is integral to Digital Turbine’s… Furthermore, Digital Turbine expanded its credit facility with Bank of America to $400 million, with an optional increase of up to $75 million. We look forward to providing more specific details regarding expected platform synergies and forward financial projections for the combined organization on our next earnings call.". We more than doubled our revenue year-over-year on a pro forma basis during the quarter, as we continue to see strong demand for both our Application Media and Content Media offerings.” (See Digital Turbine stock analysis on TipRanks). Digital Turbine is a high-growth mobile media story experiencing remarkable price momentum. Stone commented, “Our breakout momentum continued to accelerate in the March quarter. Digital Turbine, Inc. (NASDAQ: APPS) revealed that it has decided to purchase AdColony, the in-app marketplace for the brands. a dynamic company that's rapidly growing from a mobile preinstall application platform towards a content discovery platform. 1Non-GAAP adjusted EBITDA is calculated as GAAP net income excluding the following cash and non-cash expenses: net interest income/(expense), adjustments in the earn-out liability associated with the Mobile Posse acquisition, income tax provision, depreciation and amortization, stock-based compensation expense, amortization of intangibles, other expense and transaction expenses. Consensus on the Street is that Digital Turbine is a Strong Buy, based on 5 Buys and 1 Hold. Ad Colony's proprietary video technologies and rich media formats are widely viewed as best-in-class technology delivering industry-leading third-party verified viewability rates for well-known global brands, such as Disney, Amazon and BMW. These symbols will be available throughout the site during your session. Now Digital Turbine has bought Fyber. Digital Turbine Announces Completion of Acquisition of AdColony and Provides Business Update AUSTIN, Texas, April 29, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS ("AdColony"). Digital Turbine Inc (NASDAQ:APPS) is an excellent company with a strong balance sheet, growing footprint, and aggressive acquisition strategy. ", March Quarter Preliminary Results for AdColony. Fyber estimates total revenue in excess of €85 million in the March quarter, representing year-over-year growth of 179%. UAE: Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS ("AdColony"). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. AdColony previously announced unaudited financial results for its first quarter ended March 31, 2021. Digital Turbine simplifies content discovery and delivers relevant content directly to consumer devices. Following the closing of the acquisition of Fyber, the Company intends to file the financial statements of Fyber and furnish pro forma financial information as required by Securities and Exchange Commission rules. When typing in this field, a list of search results will appear and be automatically updated as you type. Statements in this news release that are not statements of historical fact and that concern future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events, including financial projections and growth in various products are forward-looking statements that speak only as of the date made and which involve known and unknown risks, uncertainties and other factors which may, should one or more of these risks uncertainties or other factors materialize, cause actual results to differ materially from those expressed or implied by such statements. The acquisition … Digital Turbine Acquires AdColony for $400 Million to Accelerate Growth with Strong Programmatic and Brand Exchange Business 4 To Watch Right Now, BitTorrent Has the Potential to Explode in 2021, VeChain Is a Good Cryptocurrency to Buy At This Low Price, See Digital Turbine stock analysis on TipRanks, Western Digital’s 3Q Earnings Top Street Estimates; Shares Bounce 5.4%, Caterpillar Delivers Blowout Quarter In 1Q, Plug Power Partners With BAE Systems To Supply Powertrains, Do Not Sell My Personal Information (CA Residents Only). All historical financial information for AdColony referenced above is based on International Financial Reporting Standards, is unaudited, and is subject to adjustment based on completion of the audit of AdColony's financial statements, which adjustments may be material. on an expanded credit facility, which provides the Company greater financial flexibility, and does so at highly attractive terms, in our opinion. Strong Preliminary Results and Outlook for Both Digital Turbine and AdColony Reflect Continuing Business Momentum, Expanded Credit Facility to Help Fund Acquisitions and Provide Additional Support for Future Growth Initiatives. Digital Turbine’s growth story is built … The acquisition … Digital Turbine Announces Completion of Acquisition of AdColony Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS (“AdColony”). Copy and paste multiple symbols separated by spaces. Digital Turbine announced today that it has entered into a definitive purchase agreement to acquire Mobile Posse, Inc., a mobile advertising platform company headquartered in Arlington, VA. Magnite (formerly Rubicon) bought SpotX just a few months ago … and, of course, the ink has barely dried on the $400 million Digital Turbine acquisition of AdColony. Revenue for fiscal year 2021 is expected to come in at $313.6 million, a 126% gain over the previous year. Acquisitions. Once Digital Turbine has secured 100 per cent of Fyber’s shares, it will terminate the platform’s listing on the Deutsche Börse Frankfurt stock exchange. Both are super successful adtech companies that have featured well on Singular’s ROI Indexes over the years. "We more than doubled our revenue year-over-over on a pro forma basis during the quarter, as we continue to see strong demand for both our Application Media and Content Media offerings. The bidder is solely responsible for the … The acquisition of Appreciate delivers valuable deep ad-tech and algorithmic expertise to help Digital Turbine execute on its broader, longer-term vision. The Company believes the non-GAAP measures that exclude such items when viewed in conjunction with GAAP results and the accompanying reconciliations enhance the comparability of results against prior periods and allow for greater transparency of financial results. Readers are cautioned that Non-GAAP adjusted EBITDA should not be construed as an alternative to net income determined in accordance with U.S. GAAP as an indicator of performance, which is the most comparable measure under GAAP. Digital Turbine is headquartered in Austin, TX with offices in Durham, Mumbai, San Francisco, Singapore, Sydney, and Tel Aviv. We are passionate about delivering the right content to the right person at the right time, on all devices. Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of Fyber N.V. (Frankfurt Stock Digital Turbine is registered under the ticker NASDAQ:APPS . The Company's on-demand media platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities. Investors therefore should not place undue reliance on such unaudited financial information. Digital Turbine also announced its 4Q preliminary numbers. Preliminary, unaudited historical financial results for Digital Turbine discussed above do not include any contribution from the now-completed AdColony acquisition and are based on information available as of April 29, 2021 and management's initial review of operations for the fourth quarter and fiscal year ended March 31, 2021. "Our breakout momentum continued to accelerate in the March quarter," said Bill Stone, CEO of Digital Turbine. Investors therefore should not place undue reliance on such unaudited financial information. These factors and risks include: You should not place undue reliance on these forward-looking statements. "We are very excited to have completed the acquisition of Mobile Posse," said Bill Stone, CEO of Digital Turbine. Fyber will have access to Digital Turbine’s Content Media properties, such as First Screen Delivery, Discover Bars and widgets, which … L’acquisition de Fyber fait partie de la stratégie exprimée par Digital Turbine pour fournir des solutions médiatiques et publicitaires complètes à nos partenaires et annonceurs tout en enrichissant l’expérience mobile des utilisateurs finaux grâce à la découverte native sur les appareils. 1Unaudited pro forma revenue results for the fourth quarter and fiscal year 2020 include the contribution from the Mobile Posse acquisition (which was completed on February 28, 2020) for the full periods shown, as if the transaction were completed on April 1, 2019. AUSTIN, Texas, March 2, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has acquired all of the capital stock of Triapodi Ltd. (d/b/a Appreciate), a programmatic mobile advertising DSP company headquartered in Israel. Digital Turbine announced today preliminary, unaudited financial results for its fourth quarter and fiscal year ended March 31, 2021: Digital Turbine, Inc. Revenue (in millions). They acquired Fyber for $600M. Looking ahead, Digital Turbine estimates 1Q 2022 revenue to be in the range of $135 million to $140 million. And now, both are together. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. It estimates non-GAAP adjusted EBITDA will land between $25 million and $27 million. The revolving line of credit matures on April 29, 2026. Performance-based spending trends by large, established brand advertisers present material upside opportunities for platforms with unique technology deployable across exclusive access to inventory. All historical financial information for Fyber referenced above is based on International Financial Reporting Standards, is unaudited, and is subject to adjustment based on completion of the audit of Fyber's financial statements, which adjustments may be material. Digital Turbine's technology platform has been adopted by more than 40 mobile operators and OEMs worldwide, and has delivered more than three billion app preloads for tens of thousands of advertising campaigns. Stock Symbol NASDAQ:APPS ; IPO Date Mar 4, 2011; Stock chart by . Type a symbol or company name. To supplement the Company's consolidated financial statements presented in accordance with GAAP, Digital Turbine uses non-GAAP measures of certain components of financial performance. DIGITAL TURBINE, INC. : News, information and stories for DIGITAL TURBINE, INC. | Nasdaq: APPS | Nasdaq Related News:Western Digital’s 3Q Earnings Top Street Estimates; Shares Bounce 5.4%Caterpillar Delivers Blowout Quarter In 1QPlug Power Partners With BAE Systems To Supply Powertrains. The average analyst price target of $96.83 implies 28.4% upside potential. Digital Turbine Announces Acquisition of Triapodi Ltd. (d/b/a Appreciate), a Programmatic Demand Side Platform ("DSP") Company The Appreciate DSP Runs 60 Billion Daily Auctions to … other risks including those described from time to time in Digital Turbine's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications. "Mobile Posse has a highly … Digital Turbine, Inc. announced today that it has completed its acquisition of Fyber N.V., a leading mobile advertising monetization platform empowering Skip to content Wed. May 26th, 2021 The Company believes that these non-GAAP measures provide meaningful supplemental information regarding financial performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results. Klee believes that Digital Turbine’s recently announced acquisitions should increase the company’s share in the mobile advertising dollar market while also expanding its presence from the present level. The Company is headquartered in Austin, Texas, with global offices in Arlington, Durham, Mumbai, San Francisco, Singapore and Tel Aviv. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Digital Turbine revealed in a statement that AdColony’s revenue for the first quarter ended March 31 is estimated to be approximately $58.3 million, up 37% as compared to the first quarter of 2020. The acquisition of Fyber is a critical component of Digital Turbine’s broader strategy to provide comprehensive media and advertising solutions for our partners and advertisers while enriching the mobile experience for end users through native on-device discovery. Acquiree … Digital Turbine CEO Bill Stone said, "We believe that this strategic transaction, along with the previously completed acquisition of Appreciate and pending completion of the Fyber acquisition, will synergistically accelerate our growth and is a real positive for our partners, advertisers, employees, and shareholders.”. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Morgan Stanley Private Wealth Management Senior Vice President Katerina Simonetti speaks to Bloomberg's Alix Steel and Guy Johnson about tech stocks and investors seeking value in data on "Bloomberg Markets: European Close". Number of Acquisitions 8. The acquisition by Digital Turbine marks the next milestone in the Company’s growth story. The underlying strength and profitability of our core on-device business will only further enhance the addressable market opportunity for our vertical integration strategy now underway via the AdColony and Appreciate acquisitions, and the pending completion of the Fyber acquisition, currently expected to close in the June quarter. The full news release detailing the updated outlook can be accessed on the investor relations portion of Fyber's website. AUSTIN, Texas, Feb. 3, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal third quarter ended December 31, 2020. All operating results and historical comparisons discussed below, except as otherwise specifically noted,... The acquisition is central to Digital Turbine’s goal of offering complete media and advertising solutions to its operator and OEM partners. AUSTIN, Texas, April 29, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS ("AdColony"). DGAP-WpÜG: Digital Turbine Media, Inc. / Attainment of Control Attainment of Control / Target company: Fyber N.V.; Bidder: Digital Turbine Media, Inc. 2021-05-26 / 02:59 CET/CEST Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of EQS Group AG. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. LOS ANGELES — FEBRUARY 26, 2021 — Otello Corp (OSE: OTELLO), Inc, owner of AdColony, the in-app marketplace for brands, today announced the signing of a definitive agreement to sell the global leader in mobile game advertising and monetization, to Austin-based Digital Turbine (Nasdaq: APPS), a global on-device mobile platform company, for a total estimated consideration of $400 million. Fyber increased guidance for total revenue for full year 2021 to a range of €300 million to €350 million. Summary. Investors should therefore not place undue reliance on such preliminary results. The acquisition of Fyber is part of Digital Turbine's expressed strategy to provide comprehensive media and advertising solutions for our partners … The financial results reported above are preliminary, unaudited, and subject to adjustment based on completion of the audit of the Company's financial statements, which adjustments may be material. Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed the acquisition of Mobile Posse, Inc., a complementary mobile content discovery and advertising platform company. Digital Turbine will launch a bid to acquire the remaining shares of Fyber in a mandatory takeover offer extended to outstanding shareholders following the expected closure of its transaction with Tennor in Q2 2021. Digital Turbine to Host Fourth Quarter and Fiscal 2021 Financial... Digital Turbine to Present at the 16th Annual Needham Virtual... Revenue for the fourth quarter of fiscal 2021 is expected to be approximately, Revenue for full fiscal year 2021 is expected to be approximately, a decline in general economic conditions nationally and internationally, decreased market demand for our products and services, market acceptance and brand awareness of our products, the ability to comply with financial covenants in outstanding indebtedness, the ability to protect our intellectual property rights, risks associated with adoption of our platform among existing customers (including the impact of possible delays with major carrier and OEM partners in the roll out for mobile phones deploying our platform), actual mobile device sales and sell-through where our platform is deployed is out of our control, risks associated with our ability to manage the business amid the COVID-19 pandemic, the impact of COVID-19 on our partners, digital advertising spend and consumer purchase behavior, the impact of COVID-19 on our results of operations, risks associated with new privacy laws, such as the European Union's GDPR and similar laws which may require changes to our development and user interface for certain functionality of our mobile platform, risks associated with the timing of our platform software pushes to the embedded bases of carrier and OEM partners, risks associated with end user take rates of carrier and OEM software pushes which include our platform, new customer adoption and time to revenue with new carrier and OEM partners is subject to delays and factors out of our control, risks associated with fluctuations in the number of our platform slots across US carrier partners, required customization and technical integration which may slow down time to revenue notwithstanding the existence of a distribution agreement, risks associated with delays in major mobile phone launches, or the failure of such launches to achieve the scale, customer adoption that either we or the market may expect, the difficulty of extrapolating monthly demand to quarterly demand, the challenges, given the Company's comparatively small size, to expand the combined Company's global reach, accelerate growth and create a scalable, low-capex business model that drives EBITDA (as well as adjusted EBITDA), ability as a smaller company to manage international operations, varying and often unpredictable levels of orders; the challenges inherent in technology development necessary to maintain the Company's competitive advantage such as adherence to release schedules and the costs and time required for finalization and gaining market acceptance of new products, changes in economic conditions and market demand, rapid and complex changes occurring in the mobile marketplace, pricing and other activities by competitors, technology management risk as the Company needs to adapt to complex specifications of different carriers and the management of a complex technology platform given the Company's relatively limited resources, risks and uncertainties associated with the integration of the acquisition of AdColony, including our ability to realize the anticipated benefits of the acquisition and the satisfaction of related earn-out provisions, risks and uncertainties associated with the completion and integration of the acquisition of Fyber, including the satisfaction of closing conditions, the impact on our operations and stock price if the acquisition of Fyber is not completed, risks and uncertainties associated with the integration of the acquisition of Fyber, including our ability to realize the anticipated benefits of the acquisition and the satisfaction of related earn-out provisions.
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