Digital Turbine, Inc. (NASDAQ:APPS) Q1 2021 Earnings Conference Call - Preliminary Transcript
Aug 05, 2020 • 04:30 pm ET
Good afternoon and welcome to the Digital Turbine conference call.
Please note, this event is being recorded.
I would now like to turn the conference over to the speakers. Please go ahead, sir.
Yes. Thanks, Greg. Good afternoon, and welcome to the Digital Turbine Fiscal 2021 First Quarter Earnings Conference Call. Joining me on the call today 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 a 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'd like to turn the call over to our Chief Executive Officer, Mr. Bill Stone.
William Gordon Stone
Thanks, Brian, and thank you all for joining our call tonight. I'm going to break out my prepared remarks into 3 areas: first, I want to provide a summary of our first quarter results; secondly is some operational commentary on the present businesses, including some new partnership announcements; and finally, I'll conclude with some commentary about the future.
To close out the June quarter, we finished with $59 million in revenue, $14 million in EBITDA and $0.13 of non-GAAP earnings per share. To highlight our progress over the past year, last June quarter, we reported $30.6 million in revenue, $4.2 million in EBITDA and $0.05 of non-GAAP earnings per share. Our as-reported results represent nearly 100% growth in revenues, a 250% increase in EBITDA and over 150% growth in non-GAAP earnings per share, which showcase the inherent operating leverage of our platform. Barrett will take you through more detail on the numbers, but we have had many solid quarters over the past 3 years, but this quarter was a true breakout quarter for the company against our expectations. It was the best performance in the history of digital turbine.
Specifically, the revenue growth of our Application business grew 45% year-over-year. And our Content business, which had a 12% revenue decline year-over-year for the month of March, had nearly a 20% growth rate in the month of June year-over-year as the combination of our swapping out the legacy Mobile Posse content platform during