Digital Turbine Soars 35% After Q1 Beat and Raised Outlook
APPS has more than doubled off its 52-week low of $2.74 on elevated volume (2.3× avg).
Summary
Digital Turbine shares surged 35.5% to $12.89 on Wednesday, extending gains after yesterday's Q1 beat and raised guidance. Revenue of $166M (+27% YoY) crushed the $150M consensus, with EPS of $0.19 vs. $0.14 expected. The company lifted full-year revenue guidance to $650M-$670M, above the $642M consensus. This follows a series of AI partnerships with Databricks, Orange, and Google Cloud, and the AdColony divestiture in June. The stock is now near its 52-week high of $13.60, reflecting strong execution and AI-driven ad yield improvements.
At the time of this announcement, APPS was trading at $12.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $2.74 to $14.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.