Overview
Software firm Digital Turbine fiscal Q1 2026 rev grows 11% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q1 rises 73% yr/yr, beating analyst estimates
Adjusted EPS for fiscal Q1 misses analyst expectations, per LSEG data
Outlook
Company raises fiscal 2026 revenue forecast to $525 mln-$535 mln
Digital Turbine expects fiscal 2026 non-GAAP adjusted EBITDA of $90 mln-$95 mln
Company cites strong demand for Ignite platform as a growth driver
Digital Turbine optimistic about leveraging first-party datasets for AI/ML
Result Drivers
IGNITE PLATFORM - Strong demand for the Ignite platform contributed to double-digit revenue growth, per CEO Bill Stone
DEVICE SALES - Modestly improved device sales supported revenue increase, according to CEO Bill Stone
SOLID EXECUTION - CEO Bill Stone attributes improved results to solid execution across the organization
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$130.90 mln
$121.90 mln (2 Analysts)
Q1 Adjusted EPS
Miss
$0.05
$0.08 (2 Analysts)
Q1 EPS
-$0.13
Q1 Adjusted Net Income
Miss
$5.80 mln
$8.59 mln (2 Analysts)
Q1 Adjusted EBITDA
Beat
$25.10 mln
$21.10 mln (2 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Digital Turbine Inc is $5.75, about 1% above its August 4 closing price of $5.69
Press Release: ID:nPn6zDSKba
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)