Digital Turbine

News Summary:

Digital Turbine Inc. (APPS) reported a strong fiscal 2026 performance with revenue reaching $565 million, marking a 15% year-over-year growth, and a 70% increase in adjusted EBITDA, according to highlights released on June 17, 2026. The company anticipates continued double-digit growth in both top and bottom lines for fiscal 2027, driven by AI data and strategic partnerships. Key growth drivers in the March quarter included increased advertiser demand, expanded supply, and leveraging first-party data in AI and machine learning platforms. Its On Device Solutions segment generated $382 million in revenue, up 12% year-over-year, while the Application Growth Platform business saw a 57% year-over-year revenue increase in the March quarter, significantly outperforming global market growth rates. Previously on June 17, Affle's subsidiary Affle MEA entered a definitive asset purchase agreement with Digital Turbine to acquire select strategic assets from AdColony, including its Android and iOS SDKs, technology platform, publisher and mediation platform integrations, brand name, domain, and related goodwill. This followed the Federal Circuit's dismissal on April 7, 2026, of ironSource Ltd.'s appeal from a post-grant review decision against Digital Turbine Inc. for lack of Article III standing, as reported on June 17. ironSource had petitioned for a review of Digital Turbine's patent related to background mobile device application downloads and installations, asserting unpatentability.