Digital Turbine, Inc.

Good afternoon and welcome to the Digital Turbine Fiscal 2026 First Quarter Results Call. All participants will be in listen-only mode. Should you need assistance, please signal a comfort specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Brian Bartholomew, Senior Vice President, Capital Markets. Please go ahead.

Thanks, Drew. Good afternoon and welcome to the Digital Turbine Fiscal 2026 First Quarter Earnings Conference Call. Joining me on the call to discuss our results are CEO Bill Stone and CFO Steve Lasher. 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'd like to turn the call over to our CEO, Bill Stone.

Thanks, Brian. Good afternoon, everyone, and thank you for joining us for Digital Turbine's fiscal first quarter 2026 earnings call. We're excited to report on our continued business momentum that accelerated in the first quarter. We delivered $131 million of revenue and $25 million in EBITDA, reflecting 11% revenue growth and 73% EBITDA growth year over year. These results are a testament to our strategic focus and improved execution across our platform and enabling us to increase our annual outlook for the fiscal year. Breaking it down by segment, our on-device solution business generated $95 million in revenue, which was up approximately 18% from June quarter of last year. Our application growth platform business posted $35 million in revenue, which is modestly down year over year. However, we're encouraged by the nearly 10% sequential improvement compared to fiscal fourth quarter. There are three key drivers that powered our improved performance this quarter. First was higher advertiser demand, which translated into improved pricing and fill rates, particularly for premium placements on our platform. This strong advertiser demand resulted in 30-plus percent year-over-year growth in our revenue per device, or RPD, in both the US and international markets for our on-device business, and we also had solid double-digit year-over-year growth in our content media business. Our second driver was improved device volumes, particularly in North America and select international markets. This helped us expand our install footprint and monetization base. As an example, Last year we saw a decline of approximately 1 million devices here in the U.S. between March and June, and this year we saw a modest increase in U.S. devices from March to June. Similarly, our international device volumes were up a few million units sequentially and year-over-year. Combined, these better RPDs and improved device volumes drove strong year-over-year growth. And finally, we made meaningful progress in our first-party data and AI machine learning platform, which is finally setting the foundation for smarter targeting, higher return on ad spend for advertisers, and improved user experiences. Beyond near-term execution, we're also making strategic progress positioning Digital Turbine for the future. Our first-party data investments coupled with real-time AI-driven decisioning, we're unlocking new levels of precision and scale. These capabilities are becoming even more valuable as advertisers seek alternatives to the closed wall garden ecosystems and look for transparent, performant ways to engage mobile users. We will begin branding these unique advantages as they are important to showcase to customers and partners why Digital Turbine is special and unique. You'll see us branding our first-party data as the DT Ignite Graph, and our AI machine learning platform leveraging those data insights to drive improved advertiser and user experiences will be branded as DT IQ. We're also seeing increasing brand engagement directly on our platform, a trend driven by our audience scale, strong device footprint, and proven ability to deliver measurable outcomes. The number of campaigns contributing to brand revenue increased by nearly 50% quarter over quarter. This signals stronger and more diversified demand. This diversification spans major advertisers across retail, consumer packaged goods, finance, insurance, entertainment, tech, telco, and more, giving us increased confidence in our ability to scale both broadly and deeply across many verticals. Moreover, the macro environment continues to shift in favor of direct distribution and alternative app distribution models. With the combination of our tech enablers, such as IgniteGraph, DTIQ, and Singletap, this trend positions us well. Regulatory momentum is accelerating in all geographies around the world to offer customer and publisher choice, including a reintroduction of the Open App Markets Act here in the United States, as well as other recent legal rulings. We've recently joined forces with companies such as Meta, Spotify, and others in the Coalition for Competitive Mobile Experience to work with regulators and other stakeholders to ensure a more open and competitive mobile marketplace for consumers and publishers. To wrap up, the first quarter was a promising start to our fiscal year. We showed solid year-over-year double-digit growth in revenue and EBITDA, driven by a healthy mix of execution, innovation, and favorable industry dynamics. We're building on the right foundation through operational discipline and strategic investment to drive sustained, profitable growth. We're excited by the traction we're seeing across the business and confident in our ability to continue to deliver value to partners, advertisers, users, and shareholders. With that, I'll turn it over to Steve to take you through the financials in more detail.