Digital Turbine Surges 27% Premarket After Lifting FY Outlook on Q1 Beat
APPS has more than doubled off its 52-week low of $2.74.
Summary
Digital Turbine shares jumped 27% in premarket trading after the company raised its fiscal 2027 guidance late Tuesday, following a strong Q1 that beat expectations. Revenue of $166M (+27% YoY) topped the $150M consensus, and adjusted EPS of $0.19 beat by $0.05. The full-year revenue outlook was lifted to $650M-$670M from $630M-$650M, with adjusted EBITDA now seen at $145M-$155M, up from $135M-$145M. This follows the Q4 beat and guidance raise in May, reinforcing a turnaround narrative. The premarket move reflects traders pricing in the magnitude of the beat and raised outlook after the initial after-hours reports.
At the time of this announcement, APPS was trading at $12.16 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: Dow Jones Newswires.