APPS - Earnings call transcript Q1 2022

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Operator

Good day, and welcome to the Digital Turbine Fiscal 2022 First Quarter Results Call. [Operator Instructions] Please note, this event is being recorded. I would like now to turn the conference over to Brian Bartholomew. Please go ahead.

Brian Bartholomew

Thanks, Jason. to Call. Turbine welcome Quarter XXXX and Conference Earnings afternoon, the Fiscal Digital First Good

on call me Stone; Joining today's and CEO, results CFO, Bill are Barrett Garrison. to discuss our

take forward-looking products started, and projected would other that get demand beliefs, remarks include are including forward-looking will and operating market statements. today to and current based we Before on our like to our services, remind the anticipated I topics. you These statements future forward-looking metrics, opportunity assumptions, expectations

believe inevitably we are as they be Although statements. undertake our that reasonable, forward-looking performance Except any we are assumptions future of no and not update obligation required incorrect. prove guarantees by law, some to will to

for are results measures statements, we as materially non-GAAP our measures certain and to information most results non-GAAP the limitations contemplated by a using of the refer file reconciliations during please substitutes those this differ for of release today's call, about will that For risk the measures. our Please actual discussion measures comparable from forward-looking of the Commission. Also, Securities to the factors important well performance. with discuss not documents to to Exchange press we our GAAP refer these could GAAP financial non-GAAP of Non-GAAP as measures. cause

am I CEO, happy Stone. Now to Bill turn to the over Mr. call

Bill Stone

for you all call tonight. our thank joining And Brian. Thanks

in gum, on results, day-to-day on it our one underway. one focus which building the from what is our been whether comes and COVID, how team. acquisitions, First, ability continues but I Turbine also but set Digital have skills, is AdColony, you're to teams on with Fyber, of company together. or Very been companies or break an business Digital hustle focusing want results to the what's the with four but at and few I've remarks amazing focus impressed corner. going walk gel execution areas. all each to also pleased to Appreciate on integrations, out what's whatever I've well in maintain to from ability of our company, show out simultaneously opportunities the into new our This to right chew us seeing Fyber us, appreciate formally to earnings simultaneously and Turbine. the of call our welcome, I'm anticipate my first around of front it's to are AdColony the team, beginning whether on team announcing as

quarter. commentary some is First on consolidated for the results our

a of our is each segments. breakout Second of

some our results finally, of investors, operational Want be And remind that a partial and for close Turbine. real-time AdColony both quarter results will of we'll for Fyber. on today updates. Third progress announced one strategic our are to integration Digital

AdColony Fyber. months Appreciate, million revenue, results of quarter a two At Our actual earnings full $XX of macro one adjusted include of of level, and share. non-GAAP a per $X.XX were our in EBITDA million of $XXX consolidated month and results

was over Our include on forma fuel bottom the strength over growth model, and of synergies for top of per in the businesses XXX%. line and basis, we earnings respectively line much growth growth terms that believe pro showcases doesn't a EBITDA and leverage our company. and were will share the and top independently, operating This the XXX% of XXX% the future

attack media we reporting mobile three our billion well now are the scale plus market. with will We believe also it to business segments. More begin specifically, we $XXX positioned across real demonstrates how

business. and is includes Media, On-Device business, our segment our the segment our Media SingleTap is Content Media second which is Fyber The our The segment first business businesses. and App – AdColony third

of results. going investors Fyber have the provide short investors, to be We that be for the quarter. reporting and this we if make the refer believe these easier to confusing. more an owned will them term as a to segments bit we been and Digital that Also full all AdColony transparency stub-quarters results versus believe companies, may comparisons will the Given Turbine, had Fyber in I'm easier and AdColony best for public the comparison apples-to-apples measurement

summarize Media I'll segment. First our On-Device

growth the business. Media On-Device organic Our time the board the our revenue, revenue records Content all is set business Media over XX% strong quarter in performance which strong across with $XXX Media, and growth App in SingleTap and generated June million driving in organic year-over-year,

total Appreciate in was X% Media acquisition our saw of integrated a App XX%. impressive quarter, major our year-over-year growth fully is ago. an SingleTap SingleTap with Media XX% accelerating grew nearly driver business hyper-growth of these almost SingleTap June Adding In revenues results. a year the we Our particular, our business. to On-Device of XXX% with now compared

devices We SingleTap see launching approximately begin their I'm continued SingleTap, as expect Samsung in has across to announce per footprint to million year. that momentum decided to which historically been pleased has XXX global

Samsung America and wants other Our process geographies strong started we've Europe. into now to Latin in expand been results expanding and have the already to of

as outside many States, App despite demand growing U.S. Playtika, we App the XX% Media more than of companies such as others. Our King, of Alibaba, is saw Tencent demand year-over-year. by United Media continued approximately growth fueled XX% international in and This now being

and collaborate which short-term But many our the on more growth Media, App TikTok continue recent look partner expanding for strategic our to a strategically, to Media, to relationship. for in are announcement to in of has it America us. evidenced that strategic grow drive our products expanding been as that from now by we we North and we America, TikTok with future. us TikTok Fyber will are AdColony Content expect We Latin

We Content and growth grew now results think obviously this a year is Media Posse. owning impressive by of rate XXX% business Our nearly year-over-year. includes Mobile full of

well one company integrating the teams our to Content into fiscal integrated a of by to think and demonstrated launch begin AT&T expect this operating Mobile which we performance Fyber as we growth. it's Content additional the later continue for And how as We be future we products to AdColony, Posse on team Media strong and to Verizon track year, remind business. have investors and on be Media important DT catalyst

to AdColony our to June this for for Network accounts which revenues. now We Ad a brand impressive has last over of the strategic Digital brands In quarter. efforts recently pleased segment, strong see showcased brand year-over-year global is an particular, Turning having highly AdColony Turbine AdColony’s and comparing June XX% growth one see business, business. very quarter and XX% to recognized Adweek AdColony momentum top to XX% in as by the for growth continue year-over-year over were AdColony

widely year-over-year. some changes IDFA late AdColony’s as wait than that return June a we're and the see of performance of impact was anticipated, see As starting June. see in less approach to strategic which taking began earlier now Apple's to advertisers total business, in it We're current declined many budgets less in we the quarter revenues XX% is quarter, from performance

dramatically. Turning and over from core to both scale XXXX and year of but growth. in AdColony quarterly more showcasing nearly few was ads than the the not to a more only in-elastic three point years Fyber full-year other XX% investments now capitalizing the year-over-year that marketplace video segments growth traditional now this that On Fyber macro and format growth video, rate their was business. compared in delivered our are adjusted full nearly partners specifically inflection by also at of leverage last has past of ago they're compared volume Fyber’s This global Fyber, accelerating as video the top XXXX. other prefer ad in rates revenues fueling revenues growth. More digital ads on six of and EBITDA in formats. rendering results year's advertisers richer stickier, strategic Fyber triple saw on mobile XXX% XX% growth now nearly ad eCPMs to are place, in than enables achieved double were impressive tailwind and and growth of months and of diversification of driven of impressive, price words, strong the formats These In more both made first line, accelerating, changed XXX% operating the volumes. critical the

have of ago. our than XX% U.S. of market the a in than the it Fyber Android share more driver and our of For to example, or of over compared a more for pro footprint advantages We technology grown X they pro by nearly XX% is all infrastructure just are impressive between remind revenues. have. of forma grown but device should investors AdColony the with U.S., XX% and revenues as that international of businesses is partner global billion past and approximately XX% AdColony market. Android like over that XX% but be total approximately partners combined In particular, customers, no global top is outside that customer revenues, now SingleTap, This XX% have our forma year, while U.S. nice with strong growth, our the are Thus single partners, our combined the the important reported to the percentage a given U.S., people, in carrier technologies here XX-XX on-device the growth seeing total XXX%. global both Apple over in and has future show we're Fyber year nice

media our for outlook, commentary want Now positioned turning we're the to our products, With provide They've and growth forward of accelerated. been not have changed. just acquisitions, some I devices, levers how to on growth. continued

more drives First important over I'm is last advertising grew This partners sold U.S. increase also to on devices XX% seeing and which being announce of to after our devices, in it quarter. is U.S. device to XX% in that We're the material video quarters. sales many pleased compared as U.S., devices nearly flattish prior XG, largest to of XX% new internationally declining we formats. the carrier a June compared richer with quarters than

over our past that devices We’re has XXX now million installed. been software

to grew of year, revenues front, now On life device as monetizing versus the from the forma our but revenues the to total almost our Dynamic in over just represent the company year-over-year XX% Installs than over pro by last the has monetizing XX% quarter, first of at activation. XX% compared repositioned less June been product

generating that occur year. for we're device priority material. is many and monetizing away life advice total from the offer partners. only compared working any on reliance Wall Notifications, to our also now single and OEM continue and as the mentioned XX% and growth major strategic first drive to last over the our Diversifying I'm Discover the also Marketplace. are of see my or just is a XX% remarks, over growth. products driver products this other to the looking of and over improved to a is In per our revenues into cross-selling growth, be revenues product Our a earlier such represent attributable FairBid, well our I no operator in is for boot today words, progress growth to both and revenues revenue new This SingleTap other will that pleased Bar, driver metrics. of diversification business Offer is to existing device life but of top-line drive RPD to

brings new relationships. so on in to us plan. on, or pair media the global which as with turn strategic a The We're global On which our an and basis. Digital our Fyber’s, extend want seen demand our seeing ability is more the supply a game scale being increased like to to companies AdColony Ford, brand our and increase with per McDonald's our recent now holistic Turbine reach. up partners our slot our publisher-relationships on-device perfectly media that on front, and and eCPM solution, Starbucks, I revenue positive. big relationships to better match a rates BMW, with acquisitions go This also acquisitions the of brand Unilever to

to the of platform. acquisitions, our key couple our for platform tech investors, completion to what a should full-stack for now start in of highlight versus here partner the largest with have assembled on-device couple what want us. minute to end-to-end I successfully independent our advertising words here end-to-end platform, I differentiates mission relationships. spend the stress, unique become leveraging With other pieces industry truly ad the we years I players. A monetization statement, our a represent – of technology is differentiates and which want and because advertising they to long-term mobile overriding

higher our having advantages, conversion is use us presence platform. technology to is software critical the materially devices of technology SingleTap a on-device, provides which underlined our First this on one to patented on distinct ability our rates drive

other posing Second acquired investment. and technology organically to app make and advertisers interest they working on we've to who operating publishers functionality the We've potential people, benefiting and businesses already In synergistically numerous from customers vertically their by together and We're are already In early publishers well partners synergies platform to to return to essence, into they integrate is seeing how AdColony from content our the I but already four encouraging on fit of app achieve and for also the of and already conflicts investors opted industry ecstatic attractive neutrality independently, the companies monetization arena, and closing, Fyber, this Digital feedback still validating our results. want approach are more we've accounts. and many we're we're have platform. revenue presence and approach, within how unlike our optimize independence. platform products Appreciate and positive players to thereby about specific Turbine, and drifted emphasize mission. compromising received trying and the the other on-device but independent our days, It's advertisers unique

and week prepared Our of and turn Turbine Digital XX this numbers. that, through over the take high. the a about it Barrett I'll is optimism to you remarks, concludes With future at excitement my to

Barrett Garrison

Thanks afternoon, everyone. good Bill and

to and the excited digital especially phase and the about to to values of results of Turbine, teams, Bill’s our cultures I this turbine ahead Fyber Digital start tremendous want sentiment. be opportunity in We're incredibly excited newly joined aligned quarter Before the during the the one by financial AdColony our our be to the well results, the first I acquisitions cover of Across and transformational with announced I'll teams echoing company. and team. welcome are continue

first our expectations on performance for Now with turning performance, and which business new quarter both results, to strong we're exceeded the pleased our acquisitions. existing our the the

of EBITDA we Fyber acquisitions and and were the basis, completed results entirety occasionally reminder, XX contributions the AdColony on pro beginning first May the acquired dates will quarters on if the our fiscal comparisons of the I when XXXX the those acquisitions reflect comments believe April a to against partial basis, prior results noted. year-over-year. My owned a as a reference year-over-year businesses, respectively, results a forma on reported XXXX. of will these current into unless insight actual up all XX, as and provide As basis. XXX.X closed. results pro quarter and XXX% performance million comparing otherwise to pro fiscal million XXX% underlying additional XX.X in businesses reference comparisons was of We periods. quarterly forma which on forma trends today the XXX% Revenue and and XXXX Adjusted on of reported increased for growing refer

during In-App a platform SingleTap, of to inclusive As a and XX.X of products Media reporting in the Fyber. revenue, AdColony basis. contributed media and In-App Content-Media, application revenue our quarter year-over-year increased acquisitions, forma and Media XX% existing million are million. which company's $XXX.X On-Device successful Total DSP three represents XX% segments, on derived In-App up pro the AdColony and Media, Media was quarter revenue Media result revenues the the this we from starting On-Device

expenses mix total was a on pro business QX during full period. the on And was The Non-GAAP partial forma fiscal will acquired million was XXXX which would XXX% consolidated million period. basis, up XX% and I in revenues prior key for increase. is Fyber and since pro margin a further of to XX% improvement the XX.X will not related operating the pro up over over realize the is expenses our were On the experience if and million in the XX.X were while we expanding was only year pro XX% in synergies to new XX.X AdColony leverage that of the for up contributed to quarter, million in XXX% time operating experienced compliment have were cash acquisitions. as the of both X.X We highlight, that transaction We operating revenue representing a or further QX. a note year a margin platform, revenue XX.X QX platform year-over-year have On-Device quarter basis. cost our rationale prior million, on expenses are will of the million up while million reduction continue acquisitions, for on XXX% pro In-App compared XXX% expect the continued XX% Total and and our costs in a a impressive the businesses been impact gross platform. revenue in and reduction, the on from approximately profit owned new including XXX the Fyber expense over in margin do and in forma stub basis in scale growth a the forma play. XX% would impacted new down acquisitions margins quarter forma Our on newly basis. revenues Gross while sequential on platform forma were by total scale business. driving business contained to XX.X I quarter expense capabilities gross that of our based QX favorable increased as

still to are coming are over realized successfully operating efforts process, as a to start strong in benefits the anticipate are we the our leverage. integration quarters improve off integration While further be implemented and efforts certain the early costs to we the

compared of pleased our continue focused leverage even onto to being quarter products cash future and $X.XX profitability partners reminder, flow year. as cash Adjusted new XX.X XXX% million continue quarter, share achieved XX.X to be to business. enabling year. free the the make non-GAAP is to delivered million. same with achieved as to a also support prior investments, over was technology or or teams operating drive adjusted a we And XX.X the In the exit free in EBITDA our share totaled in salesforce our up QX I million near-term non-GAAP with platform. our of revenues last million a a As of cash flow $XX.X we per to us million, net balance $X.XX and by quarter per incremental income the XX.X primarily number and with

X.X basis was highlight income income outstanding to these improving and XX.X our million XXXX $X.XX acquisitions shares recent per a standalone per net would GAAP high Turbine based million free first each are $X.XX enterprise. Digital and I or Our diluted also share, cash compared of respect to net both quarter or further with companies and XX.X share. to profitable on flow, of the the businesses revenue the profile of accretive on our new are earnings growth million

assumed to XXX.X was the closing and with the existing debt Turning exited sheet, upfront XXX.X quarter plus revolving during balance million in credit on acquisitions of debt, through with approximately inclusive debt million which We successfully million was million the we against million these $XXX million, closed facility. funded at $XX drawn accordion the our $XXX primarily cash consisting our Fyber of feature, facility, of a acquisition. XX.X two

beyond. Our recently free our and growth facility, excited the fiscal position plans of of XXX.X net with With sheet execute balance was is and strong at healthy quarter combined to cash expanded and flow we're out the acquisitions debt our on million. platform, the the transformative for end poised credit XXXX new a

to million, approximately for call outstanding. to back to XXX grow that and XXX has net Now, questions. the expect let XX income a me per momentum QX me underway share our operator shares With the hand on EBITDA diluted and positioned it strong $X.XX million fiscal XX The to open and based let Operator? million XXXX. us be revenue we adjusted between diluted for million between and to XXX million adjusted to In grow for currently context, that turn expect to to outlook.

Operator

Thank you.

Darren begin from first question-and-answer from Please ROTH Instructions] now Aftahi will [Operator We question session. Our Capital Partners. go ahead. the comes

Darren Aftahi

questions guys, a thanks on nice quarter. the Hey and for taking job my

kind is the a for two larger kind things, the like a So we even And maybe if working of handset then feel kind first Samsung, curious comments other as derivative, how sizes might name, or near-term see of on beyond just maybe Samsung be OEM, any Samsung? there. opportunity that I'm Bill, where another with large where either about screen your while you've been curious, opportunity there's big now. you just a will there's of a I'm

Bill Stone

so we're have that are to Wizard Yeah. with, specifically new our our Sure, Dynamic all people familiar think whether Darren. we of important things content about new highlight now got Fyber Samsung, as Installs, talking I it's SingleTap or to but have on things part our products, on-device products, products, acquisitions it's from Yeah, media and now App these AdColony. like investors we've we that

of So but as today relationship Samsung about, we it a lot also products. with our as broader, devices, which talking to relates think taking more we're deeper new about these

a we kind to and and broadly little we're the So that boot to device with historical first think that's just entire of more bit than opportunity the pretty about want excited our definitely investors encourage Samsung. about of there think how products throughout life the it about

are In as the remain that didn't people terms we to here. results to about just of grow of there's other Xiaomi, old of happen a things of begets good get relationships, things partners to We includes but just other any a see, our for lot and specifics a of Telefonica, a expand in The us in back beginning encouraging and few. happening have yeah the so classic we into specific like the today's good it's we name on call, accounts, here to we days many lot scale kind continues starting talk operating did globally. didn't because world scale, And like of OEM to things a around – lot pipeline scale. yeah

strategy additional on the and ability and so about to feel add the screens partners, additional we So pretty good

Darren Aftahi

more This if may. I one

the core brand or of I cross-pollination early terms opportunity their of your anybody in So side already there? stable with AdColony, seen you've where too it mean, in or is kind stable still on

Bill Stone

were our specific and brand would into up-selling side. that seeing products. examples we're cross-selling, on opportunities there's on are great of of On-Device McDonald's Fyber both AdColony Media couple be on through to ones highlight today, some that dollars and where Starbucks, able so the a and pull we're McDonald's, AdColony, already the I Yeah, AdColony

So Fyber, around couple the and then publishers working you're of on various And examples, pipeline be right already pretty there. those would side supply with encouraging number the is a of rich now. with a

think you terms and Zynga from, names names Tripledot nice like already synergies together. of that, Scopely, and can So we're and of collaborating in like seeing

Darren Aftahi

Thank you. Great.

Operator

The next question from comes go Moldow Austin Please Canaccord. from ahead.

Austin Moldow

for other for about questions thanks Hi, be wide-ranging of maybe later terms of talk the transparency, your all will my in the you far this meaningful also you And how of those entities? and can thanks might Verizon realized taking thus can between talk content a deployments also about little the some AT&T cross-selling how two year, you've and be? deployments

Bill Stone

Austin. Sure, Yeah.

we north about today of about around As – our think T-Mobile have opportunity, daily active just we users XX the think million on we primarily today.

like AT&T rough opportunity generating, So think it thinking million XX users million set, given let's the like that got of of that Verizon opportunity an $XXX seems a in of one-third think one-third we should about. one-third, we call market the has opportunity terms in roughly set, has seems that the they've about be that I terms, market, revenue, that

to I partners making forward AT&T shape their those I behalf opportunities. now I in rollout just and But good In terms we're their about me of the working they're excited statements say, think right don't get want right going Verizon rolling real-time if think both incremental we're on these on or with specifics looking of today out, now, plans.

Austin Moldow

Got for the assume And what last question, it. guidance performance? the Fyber does

Barrett Garrison

aspirations their of our remarks, horizon We of did breaking we specific each out XX-Q. the well as in but the segment in are on the prepared organic But our Yeah, we not a on those have growth obviously are businesses. and headroom pleased on the their guidance, But segments out we've for break our of paces. rates in lot each the and – see that as growth will been each very come Bill things – for touched that with rates. so horizon performance different at on high individual will be growth synergies organic

Austin Moldow

much. very Okay. Thanks

Operator

Allen [Operator Instructions] Group. The next Klee from question ahead. Maxim go comes Please from

Allen Klee

rate to how then you. financial do reasonable XX% rate? term the this forward you and taxpayer non-GAAP a – assume reasonable Thank are that free cash questions, was how your for two Hi a is you going Is define around one defining it flow, tax And you'll quarter. you that that? mentioned be

Barrett Garrison

Yeah. question. Good tax

in obviously the little it got regions, where now, operations So we it regions more acquisitions a We will so NOLs do so different we've with in complex. still makes certain have have obligations in be we advantage taken of so income, of income regions. net those of But some and generating certain we are our operating shielding taxes some will tax in regions.

we So fortunately give the the be our I so we're in free there. to results. with and shielded profitability get a when some non-GAAP cash net our we business. able you I Allen, walk we flow level, effective any press CV, on cash the the well, will business you trying cash table less given flow, have activities, and free then be demonstrating taxpayer operating couldn't non-recurring going you in after the We're basically way overall, And the obviously a a release you'll enterprise flow, give will cash specifically CapEx but – operating to included flow the a But to to rate. get be an chance couldn't tax be to within respect determine build true less NOLs other inherent as

Allen Klee

you. Thank

Operator

The next from Please Lantern. from Dennis LaValle comes ahead. go question

Dennis LaValle

we that? this on big you see is that will want some who be I the that arena? a anything all, team one, for you all to space. assembling didn't when thank And Bill And possible. in First today's are mention Number and how competitors about call, of made able the results to market TV

Bill Stone

us we we're And Yeah, Yeah, paid compelling to excited excited would excited one million some televisions. talked just opportunity, on I of opportunity. we sure. while revenue the some billion that about some opportunities carrier at space Fyber we that XX terms thanks the the we're AdColony it, have today and from results, investors but that's We're in our on. for has why about X of the plus footprint, Dennis. partners devices we're already think to highlight devices adding in is for licensing And that's about about the

I think than they if televisions. quarter just total have a think on you I don't and Roku look at, for announced like company example, we users, less

opportunity relatively billion. impressive, the there is market market television $XXX roughly a the So while the is $XXX market, media linear billion mobile it's flat,

vastly that we media And given an scope, and We're So us, just that. a and of $XXX to enormous opportunity mobile nice TV X% we billion the as terms plus in view that of adjacency less market, size results. for seeing total larger. generate market see mobile grow as market we're than but the

those in to integrating relative really about. excited we're So is our But operator kind That's partners important and and of the both televisions, I it's of overall for offer have, on us terms on OEM tablets television. with things the breadth we or versus together. can smartphones think it's the opportunity, of key whether showing that I services something between think that and is mobile a size

Dennis LaValle

As on always top of you're Thank you. it.

Operator

from comes Stoss Please Craig-Hallum. Anthony question from next The go ahead.

Anthony Stoss

out versus other device Notifications for are at device, XX% you when and the job. now you're about over much next see years life forthcoming, ads the a Bill today? revenues of of Hi software look you that guys. potential per of right where Nice couple are bunch you your of mentioned you the talked revenue do how

Bill Stone

as it Tony for right, we that device, continues say per this asked many which is, a XX% business the north opportunity into we've we're up we've in seen June continue the and in United to lot quarter and it's go for to per seen both go up international States. the year-over-year in revenue think our about, business, here pretty Yeah, one things been $X device excited of the domestic I we've there's our of of on years revenue

of but Notifications, additional optimism a revenues of So all over So give, there up-selling media us have we these especially both, life being of products of think media accretion all of now and the percentage with right? increased. now are of the the new we obviously the the et increased from the products, and to monetized relationships relationships the which that accretion device able see SingleTap, RPDs, see too, products, as new continued cross-selling so cetera, new our these and gives revenues, combination also the adds the and coming lot

our great, App Content Install XXX%. our was other in like year-over-year, legacy over business Media Media example, XX% for which is the businesses, were and up combined so up Dynamic products all And but

of really excited kind what's is should improved that metrics. something think that's device investors We be that revenue growth per about. driving the So

Anthony Stoss

quickly Samsung, a going just begin? is agreement Then clarification that to it then covering is and it the SingleTap how on is new

Bill Stone

to seen just So what of most that like relationship and how years. should about but things the than past SingleTap. think Tony as that investors these I we've which historically. and We'd it now, assembled is have the Darren broadly was box, announced the over about with Samsung out acquired to mentioned think today few products all relationship And just earlier we I'd app investors I it more for think encourage to get is, the

America are to other to geographies. forward SingleTap. we in into with recently We we look we're to that expand Latin details and real continue through working that And just today expanded So live those time. Europe Samsung Samsung with on

Anthony Stoss

luck Appreciate Bill. Good it. guys. Thanks

Bill Stone

Thanks Tony.

Operator

the queue. Bill more turn for conference no I concludes in session. back questions closing over are remarks. would question-and-answer our to like the Stone This to There any

Bill Stone

XXXX And progress for on again reporting to call and We'll in second forward have made everyone look points night. our the Thanks you Yeah. today. fiscal great joining talk against all a call on we'll the we on today's months. to quarter our Thanks a few call.

Operator

Thank concluded. now presentation. for has attending conference you today's The

disconnect. You may now

Digital Turbine (APPS) 10 Aug 212022 Q1 Earnings call transcript