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APPS' Revenue Per Device in ODS Grows in Double Digits: What's Ahead?
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Key Takeaways
APPS ODS saw 20% YoY growth in device volume and per-device revenue in Q3 FY26.
APPS ODS revenues hit $99.6M, up 9% YoY, supported by advertiser demand and higher smartphone shipments.
APPS generated over 30% Ignite revenues internationally, signaling a shift toward global expansion.
Digital Turbine’s (APPS - Free Report) On Device Solutions (ODS) business is performing robustly, given the demand on the back of strong advertiser demand. Strength in advertiser demand has led to more than 20% year-over-year growth in device volume and revenue per device across the U.S. and international markets for the ODS business in the third quarter of fiscal 2026.
Digital Turbine’s ODS offerings have been at the core of simplifying how users discover and receive mobile apps and content through carrier and OEM partnerships. ODS includes Application Media for app delivery, Content Media for news and entertainment monetized through advertisements and sponsored content, which serve all the stakeholders, including users, carriers, device manufacturers and app publishers.
APPS’ user-acquisition tools like SingleTap and DT DSP enable fast, high-conversion app installs, helping users to find apps that satisfy their demand on the go while also enabling app publishers to deliver to their organic user base. Secondly, APPS’ ODS business also benefited from larger shipments of smartphones.
Digital Turbine’s ODS business generated $99.6 million in third-quarter fiscal 2026 revenues, growing 9% year over year, remaining the company’s largest segment. Additionally, more than 30% of APPS’ Ignite platform revenues came from international markets for the first time, highlighting a structural shift toward global expansion and stronger per-device economics.
The bright spot is that for the fiscal years ended March 31, 2025, 2024 and 2023, none of APPS’ partners contributed to more than 10% of its net revenues, making APPS well diversified, keeping the top and bottom-line growth stable.
How Competitors Fare Against APPS
AppLovin (APP - Free Report) and Unity Software (U - Free Report) operate in the mobile ad-network and app monetization space. While Unity Software is primarily known for its game engine, it also provides solutions for ad mediation infrastructure, ad monetization and ad-tech services, including ad networks, analytics, live-ops and ad monetization tools for games/apps built with Unity.
Another player in the ad monetization space, apart from Unity Software, is Applovin. Applovin specializes in in-app advertising demand, broad reach, especially via mobile games, and good mediation infrastructure. This particular market in which Digital Turbine operates becomes even more fragmented and competitive due to regional players and the availability of OEM-led alternatives.
APPS Price Performance, Valuation and Estimates
Shares of Digital Turbine have lost 4.4% in the past year compared with the Zacks Internet – Software industry’s decline of 10.1%.
APPS One-Year Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Digital Turbine trades at a forward price-to-book ratio of 1.7X, lower than the industry’s average of 4.49X.
APPS P/B TTM Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Digital Turbine’s fiscal 2026 earnings implies a year-over-year decline of 2.86%. The estimate for fiscal 2026 has been revised upward in the past 60 days.
View the Zacks #1 Rank List
Image: Bigstock
APPS' Revenue Per Device in ODS Grows in Double Digits: What's Ahead?
Key Takeaways
Digital Turbine’s (APPS - Free Report) On Device Solutions (ODS) business is performing robustly, given the demand on the back of strong advertiser demand. Strength in advertiser demand has led to more than 20% year-over-year growth in device volume and revenue per device across the U.S. and international markets for the ODS business in the third quarter of fiscal 2026.
Digital Turbine’s ODS offerings have been at the core of simplifying how users discover and receive mobile apps and content through carrier and OEM partnerships. ODS includes Application Media for app delivery, Content Media for news and entertainment monetized through advertisements and sponsored content, which serve all the stakeholders, including users, carriers, device manufacturers and app publishers.
APPS’ user-acquisition tools like SingleTap and DT DSP enable fast, high-conversion app installs, helping users to find apps that satisfy their demand on the go while also enabling app publishers to deliver to their organic user base. Secondly, APPS’ ODS business also benefited from larger shipments of smartphones.
Digital Turbine’s ODS business generated $99.6 million in third-quarter fiscal 2026 revenues, growing 9% year over year, remaining the company’s largest segment. Additionally, more than 30% of APPS’ Ignite platform revenues came from international markets for the first time, highlighting a structural shift toward global expansion and stronger per-device economics.
The bright spot is that for the fiscal years ended March 31, 2025, 2024 and 2023, none of APPS’ partners contributed to more than 10% of its net revenues, making APPS well diversified, keeping the top and bottom-line growth stable.
How Competitors Fare Against APPS
AppLovin (APP - Free Report) and Unity Software (U - Free Report) operate in the mobile ad-network and app monetization space. While Unity Software is primarily known for its game engine, it also provides solutions for ad mediation infrastructure, ad monetization and ad-tech services, including ad networks, analytics, live-ops and ad monetization tools for games/apps built with Unity.
Another player in the ad monetization space, apart from Unity Software, is Applovin. Applovin specializes in in-app advertising demand, broad reach, especially via mobile games, and good mediation infrastructure. This particular market in which Digital Turbine operates becomes even more fragmented and competitive due to regional players and the availability of OEM-led alternatives.
APPS Price Performance, Valuation and Estimates
Shares of Digital Turbine have lost 4.4% in the past year compared with the Zacks Internet – Software industry’s decline of 10.1%.
APPS One-Year Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Digital Turbine trades at a forward price-to-book ratio of 1.7X, lower than the industry’s average of 4.49X.
APPS P/B TTM Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Digital Turbine’s fiscal 2026 earnings implies a year-over-year decline of 2.86%. The estimate for fiscal 2026 has been revised upward in the past 60 days.
Image Source: Zacks Investment Research
Digital Turbine currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.