1. Think of them as the 'Google Play Store for pre-installed apps,' working directly with phone carriers and manufacturers.

2. A blend of Google Ads and the App Store, but specializing in getting apps directly onto new smartphones via carrier agreements.

• On-Device Media Solutions (Ignite Platform): Facilitates the discovery and direct installation of mobile applications on Android devices through partnerships with mobile carriers and original equipment manufacturers (OEMs).
• Mobile App Monetization Platform: Provides app developers and publishers with tools and technologies to generate revenue from their mobile applications through in-app advertising.
• Mobile App User Acquisition Platform: Offers solutions for app developers to acquire new, high-quality users for their applications through targeted advertising campaigns.

• Amazon.com, Inc. (AMZN)

Bill Stone, Chief Executive Officer

Bill Stone joined Digital Turbine in September 2012 and was elevated to CEO and Board Member in October 2014. He has over 30 years of experience in telco, mobile applications, content, technology, marketing, and distribution. Prior to Digital Turbine, he served as Senior Vice President of Qualcomm, Inc. and President of its subsidiary, FLO TV and MediaFLO Technologies Inc., from 2009 to 2011. From 2007 to 2009, he was CEO and President of Handango, a smartphone application storefront provider that was acquired by Appia Inc. Stone also served as President of Amp'd Mobile Inc. from 2006 to 2007, and held executive positions at mobile operators including Verizon, Vodafone, and AirTouch.

Stephen Lasher, Executive Vice President and Chief Financial Officer

Stephen Lasher brings more than 30 years of financial leadership experience to Digital Turbine, with a focus on financial strategy, business transformation, and operational excellence in the technology sector. He was appointed to his current role as CFO and Vice President as of 2025. Most recently, he served as Chief Financial Officer of Vonage. He also held various positions at International Business Machines (IBM), including Vice President of Finance for IBM Global Markets, Global Business Services, and Cloud divisions from 2015 to 2021.

Matt Tubergen, EVP - Global Partnerships and Strategy

Matt Tubergen is the Executive Vice President of Global Partnerships and Corporate Development at Digital Turbine, bringing over 20 years of experience in the mobile app and content industry. He co-founded Azomob, where he was instrumental in developing branded mobile content strategies. Before joining Digital Turbine, Tubergen was the Vice President of Business Development and Supply at Appia, which was subsequently acquired by Digital Turbine. His career also includes senior roles at Taptica, SlideMe, Antidote X, THQ Wireless, and American Greetings.

Senthil Kumaran, Chief Technology Officer

As Digital Turbine's Chief Technology Officer, Senthil Kumaran leads the company's product, technology, operations, security, and IT. He has over 20 years of experience in building and scaling complex cloud and mobile products. Prior to Digital Turbine, Kumaran co-founded Tranzfinity, a fintech company where he served as CTO. He also led the horizontal infrastructure, security, and privacy engineering organization for Reality Labs at Meta, and was SVP of Engineering at TiVo/Xperi. His background includes senior leadership positions at Verifone, Yahoo, and Motorola.

Michael Akkerman, Chief Business Officer

Michael Akkerman leads Digital Turbine's global go-to-market efforts, encompassing sales, partnerships, marketing, product, and business operations. He brings nearly 20 years of experience in the advertising industry, with expertise in building and scaling ad tech solutions. Most recently, Akkerman served as General Manager of Mobility Advertising at Uber, where he guided the vision and strategy for Uber's emerging advertising business across its global ride-hailing app. Prior to Uber, he was Chief Product & Strategy Officer at Cardlytics and the Global Head of Partnerships at Pinterest, where he managed and grew an ecosystem of over 130 strategic technology partners.

The evolving landscape of mobile privacy regulations and platform policies, most notably Google's ongoing implementation of the Privacy Sandbox on Android. This initiative aims to restrict cross-app tracking and replace existing advertising identifiers with new, more privacy-preserving APIs and frameworks. While Digital Turbine has a unique on-device distribution advantage through its partnerships with mobile carriers and OEMs, a significant portion of its ad monetization and app install advertising business relies on broader ad-tech mechanisms for targeting, measurement, and attribution. A fundamental shift in how advertising works at the operating system level on Android could diminish the effectiveness and value of current ad-tech solutions, requiring substantial adaptation and potentially impacting revenue streams and competitive positioning across the mobile advertising ecosystem, including for Digital Turbine.

Digital Turbine (APPS) operates within the mobile growth platform sector, offering solutions primarily through two segments: On Device Solutions and the App Growth Platform.

The company's main products and services focus on app discovery, user acquisition, and monetization services by integrating software directly onto smartphones through partnerships with mobile carriers and device manufacturers (OEMs). These include dynamic app preloads, setup wizards, content media hubs, programmatic advertising exchange, ad mediation, and video advertising for user acquisition campaigns.

The global addressable market for Digital Turbine's services within the mobile digital advertising market is estimated to be approximately $357 billion currently, with a projected growth to about $613 billion by 2027. Another estimate projects the cross-platform mobile advertising market to reach $733 billion by 2030.

Digital Turbine (APPS): Key Drivers of Future Revenue Growth

1. Accelerated International Expansion

2. Growth in Application Growth Platform (AGP) and Brand Engagement

3. Advancement and Adoption of AI-driven Technology Platforms and First-Party Data

4. Strategic Partnerships for Alternative App Distribution

5. Increased Adoption of SingleTap Technology

Share Repurchases

• Digital Turbine made no purchases of equity securities during the fiscal year ended March 31, 2025.
• The Board of Directors authorized an additional $12 million for a stock repurchase program on November 5, 2025.

Share Issuance

• Approximately 3.86 million shares were issued between March 31, 2024, and March 31, 2025.
• The company raised $13.573 million via an at-the-market offering as of November 4, 2025.
• As of October 30, 2025, Digital Turbine had 112,148,899 common shares outstanding.

Outbound Investments

• Digital Turbine completed three acquisitions in 2021, including AdColony, Appreciate, and Fyber, to enhance its monetization tools and mobile app marketing platforms.
• In October 2024, the company acquired One Store, an online distribution platform offering multi-category mobile applications.
• Digital Turbine acquired Mobile Posse in March 2020 to diversify its offerings.

Capital Expenditures

• Digital Turbine is heavily investing in upgrading its cloud hosting platform and AI machine learning models, which are anticipated to drive long-term efficiency gains.