Digital Turbine Q1 Revenue Jumps 27% to $166M, Guidance Raised
APPS has more than doubled off its 52-week low of $2.74.
Summary
Digital Turbine delivered a strong fiscal Q1 2027, with revenue of $166M (+27% YoY) beating the $150M consensus and EPS of $0.19 topping the $0.14 estimate. The App Growth Platform surged 56% to $56.6M, while On Device Solutions grew 15% to $110M. Management raised full-year revenue guidance to $650M-$670M (from $630M-$650M) and set adjusted EBITDA guidance at $145M-$155M, both above prior expectations. This follows a series of AI-focused partnerships with Databricks, Orange, and Google Cloud, which CEO Bill Stone credits for improving ad yields and attracting new partners. The stock jumped 17.2% after hours to $11.15, reflecting the magnitude of the beat and raised outlook.
At the time of this announcement, APPS was trading at $11.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $2.74 to $13.60. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.