Digital Turbine Announces Completion of Acquisition of AdColony and Provides Business Update
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
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AUSTIN, Texas, April 29, 2021 /PRNewswire/ Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS ( AdColony ). 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 expressed strategy to provide a comprehensive media and advertising solution for our operator and OEM partners while enriching the mobile experience for end users by delivering highly relevant content. Ad Colony s proprietary video technologies
Digital Turbine Reports Fiscal 2021 Third Quarter Results
Accelerating Platform Momentum Drove Third Quarter Revenue of $88.6 Million, Representing 146% Annual Growth
Revenue Diversification Strategy and Scalable Operating Model Are Continuing to Spur Significant Growth in Overall Profitability and Cash Flow
New Credit Facility to Provide Additional Support for Comprehensive Growth Strategy
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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, refer only to the continuing operations of the Company.
Recent Financial Highlights: