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February 3 , 2021 Digital Turbine Digital Turbine Reports Fiscal 2021 Third Quarter Results Accelerating Platform Momentum Drove Third Quarter Revenue of $ 88.6 Million , Representing 146 % Annual Growth Revenue Diversification Strategy and Scalable Operating Model Are Continuing to Spur Significant Growth in Overall Profitability and Cash Flow New Credit Facility to Provide Additional Support for Comprehensive Growth Strategy AUSTIN , Texas , Feb. 3 , 2021 / PRNewswire / --Digital Turbine , Inc. ( Nasdaq : APPS ) announced financial results for the fiscal third quarter ended December 31 , 2020. All operating results and historical comparisons discussed below , except as otherwise specifically noted , refer only to the continuing operations of the Company . Recent Financial Highlights : • Fiscal third quarter of 2021 revenue totaled $ 88.6 million , representing an increase of 146 % as compared to total revenue reported in the fiscal third quarter of 2020 . Application Media revenue increased 58 % year - over - year to $ 56.9 million in the fiscal third quarter of 2021. Content Media revenue , which primarily included revenue related to the February 2020 acquisition of Mobile Posse , Inc. ( " Mobile Posse " ) , totaled $ 31.7 million in the fiscal third quarter of 2021 . GAAP net income for the fiscal third quarter of 2021 , inclusive of a $ 4.7 million adjustment to the contingent earn - out related to the Mobile Posse acquisition , was $ 14.5 million , or $ 0.15 per share , as compared to GAAP net income of $ 3.3 million , or $ 0.04 per share , for the fiscal third quarter of 2020. Non - GAAP adjusted net income for the fiscal third quarter was $ 20.0 million , or $ 0.21 per share , as compared to non GAAP adjusted net income of $ 5.0 million , or $ 0.05 per share , in the fiscal third quarter of 2020 , representing growth of 278 % in non - GAAP EPS . • Non - GAAP adjusted EBITDA² for the fiscal third quarter of 2021 was $ 22.5 million , representing growth of more than 300 % as compared to Non - GAAP adjusted EBITDA of $ 5.6 million in the fiscal third quarter of 2020 . • GAAP cash provided by operating activities totaled $ 18.9 million in the fiscal third quarter of 2021 , inclusive of the payment of $ 5.4 million of excess contingent consideration related to the Mobile Posse acquisition earn - out provisions . Non - GAAP free cash flow totaled $ 22.0 million in the fiscal third quarter of 2021 , as compared to