Digital Turbine, Inc. (APPS) Bundle
A Brief History of Digital Turbine, Inc. (APPS)
Company Overview
Digital Turbine, Inc. (NASDAQ: APPS) is a mobile growth platform headquartered in Austin, Texas. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue (2023) | $681.9 million |
| Net Income (2023) | $77.4 million |
| Market Capitalization (January 2024) | $1.2 billion |
Key Business Segments
- Mobile App Distribution
- Mobile Advertising
- Content Discovery Platforms
Financial Performance
Digital Turbine's key financial metrics for 2023:
| Quarter | Revenue | Gross Margin |
|---|---|---|
| Q1 2023 | $164.7 million | 43.2% |
| Q2 2023 | $172.3 million | 44.1% |
| Q3 2023 | $169.5 million | 42.8% |
| Q4 2023 | $175.4 million | 45.6% |
Stock Performance
Stock price range in 2023:
- Lowest Price: $2.87 (January 2023)
- Highest Price: $6.45 (December 2023)
- Average Trading Volume: 2.1 million shares per day
Strategic Acquisitions
Notable acquisitions include:
- Appreciate (2022) - $165 million
- Mobylix (2021) - $80 million
Who Owns Digital Turbine, Inc. (APPS)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 9,263,526 | 10.53% |
| BlackRock Inc. | 7,187,404 | 8.17% |
| Renaissance Technologies LLC | 4,214,870 | 4.79% |
| Morgan Stanley | 3,802,980 | 4.32% |
Top Executive Ownership
- Daniel Steffen (President and CEO): 397,156 shares
- Barrett Breen (CFO): 81,235 shares
- Rob Shoemaker (COO): 65,492 shares
Insider Ownership
Total insider ownership: 2.7% of outstanding shares
Institutional Ownership Details
Total institutional ownership: 95.6% of outstanding shares
| Investor Type | Total Shares | Percentage |
|---|---|---|
| Mutual Funds | 42,156,789 | 47.93% |
| Hedge Funds | 15,623,450 | 17.76% |
| Other Institutional Investors | 37,890,234 | 43.10% |
Digital Turbine, Inc. (APPS) Mission Statement
Company Overview
Digital Turbine, Inc. is a mobile platform technology company headquartered in Austin, Texas. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $581.3 million |
| Net Income | $54.2 million |
| Market Capitalization | $1.84 billion |
Core Business Strategy
Digital Turbine focuses on mobile app distribution and monetization platforms.
- Operates in mobile advertising technology
- Provides software solutions for mobile carriers and device manufacturers
- Serves global markets across North America, Europe, and Asia
Key Performance Metrics
| Metric | 2023 Data |
|---|---|
| Monthly Active Users | 1.5 billion |
| App Distribution Reach | 38 countries |
| Device Partnerships | 24 major manufacturers |
Strategic Objectives
Primary objectives include:
- Expand mobile advertising technology
- Enhance app discovery platforms
- Increase global market penetration
How Digital Turbine, Inc. (APPS) Works
Company Overview
Digital Turbine, Inc. is a mobile platform technology company headquartered in Austin, Texas. As of Q4 2023, the company reported total revenue of $187.4 million.
Core Business Model
The company operates through three primary segments:
- On Device Media
- In App Media
- Content Media
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $665.1 million |
| Net Income | $63.2 million |
| Gross Margin | 40.3% |
Technology Platform
Digital Turbine's platform serves over 300 mobile carriers and device manufacturers globally. The company processes approximately 1.4 billion monthly active users.
Key Services
- Mobile app distribution
- Advertising monetization
- Device management solutions
Market Presence
As of 2024, Digital Turbine operates in over 40 countries with a significant market share in mobile advertising and app distribution.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Ticker Symbol | APPS |
| Stock Price (February 2024) | $6.47 |
| Market Capitalization | $646 million |
How Digital Turbine, Inc. (APPS) Makes Money
Revenue Streams
Digital Turbine generates revenue through multiple digital advertising and mobile app distribution channels:
| Revenue Source | 2023 Revenue | Percentage of Total |
| Mobile Advertising Platform | $475.2 million | 62% |
| App Distribution Services | $198.7 million | 26% |
| Content Monetization | $89.5 million | 12% |
Mobile Advertising Platform
Digital Turbine's primary revenue comes from its programmatic advertising platform:
- Average CPM (Cost Per Thousand Impressions): $3.75
- Monthly Active Users: 875 million
- Advertising Network Reach: 42 countries
App Distribution Services
Key metrics for app distribution:
- Total Apps Distributed: 180,000
- Revenue Per App Installation: $0.65
- Mobile Carrier Partnerships: 35 global carriers
Financial Performance
| Metric | 2023 Value |
| Total Revenue | $763.4 million |
| Net Income | $87.2 million |
| Gross Margin | 44.3% |
Strategic Partnerships
Digital Turbine maintains partnerships with:
- Samsung
- Verizon
- AT&T
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