grinvalds
Summary
- Digital Turbine provides a platform for growth and monetization in the mobile ecosystem, connecting advertisers, publishers, carriers, and device makers.
- The stock has experienced extreme volatility, reaching an all-time high of over $85 in 2021 but currently trading around $3.8, losing over 90% of its value.
- Despite projected 22% upside, I rate the stock neutral. Uncertainties in the ad spend environment and execution are among the identifiable key risk factors potentially outweighing reward.
Digital Turbine (NASDAQ:APPS) provides a platform for growth and monetization in the mobile ecosystem. They connect advertisers, publishers, carriers, and device makers through a full ad stack and proprietary technology. The company generates revenues from two main businesses, ODS/On-Device Solution and AGP / App Growth Platform.
ODS serves as a one-stop shop for pre-installed apps and curated content on new devices. Partnering with carriers and manufacturers, ODS delivers apps to users, earning revenue on installations and engagement.
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