Digital Turbine Reports $490.5 Million Revenue Decline and $92.1 Million Net Loss for Fiscal Year Ending March 31, 2025

Digital Turbine, Inc. reported a net revenue of $490.5 million for the fiscal year ending March 31, 2025, reflecting a decrease of 9.9% from the previous year's revenue of $544.5 million. The decline was attributed to reduced spending in mobile advertising and user acquisition, alongside lower new device volumes. The company's On Device Solutions segment generated $341.6 million, down 7.7%, while the App Growth Platform segment saw a more significant drop of 14.3%, bringing in $153.2 million. Despite the revenue decline, total costs of revenue and operating expenses decreased by 40.7% to $544.6 million, primarily due to the absence of a goodwill impairment charge that had significantly impacted the previous year’s results.

In terms of profitability, Digital Turbine reported a net loss of $92.1 million, a substantial improvement from the $420.4 million loss recorded in the prior year. This improvement was largely due to the absence of goodwill impairment charges, which totaled $336.6 million in the previous fiscal year. The company’s operating loss also narrowed to $54.1 million from $374.4 million, indicating a more efficient cost structure despite the revenue challenges.

Strategically, Digital Turbine has been undergoing a transformation program initiated in October 2024, aimed at improving operational efficiency and reducing costs. This program includes a two-phased workforce reduction, which has already been implemented, and is expected to yield annual cash savings of over $25 million. The company also completed the acquisition of One Store International in November 2024, which is intended to enhance its app distribution capabilities in Europe and other markets.

Operationally, Digital Turbine employed 647 full-time employees as of March 31, 2025, with a significant presence in North America, Europe, and Asia. The company continues to face challenges in the mobile advertising market, which is characterized by intense competition and evolving technologies. The company’s future performance will depend on its ability to adapt to these market conditions and successfully implement its transformation initiatives. Looking ahead, Digital Turbine anticipates that its ongoing efforts to streamline operations and enhance product offerings will position it for improved financial performance, although uncertainties in the macroeconomic environment and geopolitical developments may pose risks to its outlook.