Digital Turbine, Inc. (NASDAQ:APPS) Q3 2024 Earnings Conference Call February 7, 2024 4:30 PM ET

Company Participants

Brian Bartholomew - Investor Relations

Bill Stone - Chief Executive Officer

Barrett Garrison - Executive Vice President and Chief Financial Officer

Conference Call Participants

Darren Aftahi - ROTH MKM

Omar Dessouky - Bank of America

Dan Day - B Riley Securities

Anthony Stoss - Craig Hallum

Operator

Good afternoon and welcome to the Digital Turbine Report Fiscal 2024 Third Quarter Results Conference Call. [Operator Instructions] Please also note that this event is being recorded.

At this, I would now like to turn the floor over to Brian Bartholomew, Head of Investor Relations. Please go ahead.

Brian Bartholomew

Thank you. Good afternoon and welcome to the Digital Turbine fiscal year 2024 third quarter earnings conference call. Joining me today on the call to discuss our results are CEO, Bill Stone; and CFO Barrett Garrison.

Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. These forward-looking statements are based on our current assumptions, expectations, and beliefs including projected operating metrics, future products and services, anticipated market demand and other forward-looking topics. Although, we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. Except as required by law, we undertake no obligation to update any forward-looking statements.

For discussion of the risk factors that could cause our actual results to differ materially from those contemplated by our forward-looking statements, please refer to the documents we filed with the Securities and Exchange Commission.

Also during this call, we will discuss certain non-GAAP measures of our performance. Non-GAAP measures are not substitutes for GAAP measures, please refer to today's press release for important information about the limitations of using non-GAAP measures, as well as reconciliations of these non-GAAP financial results to the most comparable GAAP measures.

Now I will turn the call over to our CEO, Mr. Bill Stone.

Bill Stone

Thanks, Brian, and thank you all for joining our call tonight. I'm going to break my remarks into three areas. First, I want to summarize our December results. Second, I want to describe the current state of our technology migrations and operations and changes we are making to improve our execution. And finally, I want to discuss the progress we're making against the future opportunities, which are very encouraging. For the December quarter, we achieved $143 million of revenue, $25 million of EBITDA, and $0.15 of non-GAAP earnings per share. We finished in line with our outlook expectations for our HEP business, but were below our expectations for our ODS business.