Digital Turbine Q1 revenue beats estimates on app growth platform
Digital Turbine Q1 revenue beats estimates on app growth platform
Overview
Mobile advertising platform's fiscal Q1 revenue rose 27% yr/yr, beating analyst expectations
Fiscal Q1 adjusted EBITDA rose 69% yr/yr, beating analyst expectations
Company attributes growth to App Growth Platform and AI-driven enhancements
Outlook
Company raises fiscal 2027 revenue outlook to $650 mln-$670 mln
Digital Turbine sees fiscal 2027 non-GAAP adjusted EBITDA of $145 mln-$155 mln
Company says AI partnerships expected to support growth and attract new platform partners
Result Drivers
APP GROWTH PLATFORM - Co said 56% yr/yr growth in App Growth Platform segment drove results, citing brand business and DT Exchange
AI OPTIMIZATION - Co attributed improved performance to leveraging AI partnerships and tools to optimize data and deliver better results for partners and advertisers
Company press release: ID:nPn78HcCMa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $166 mln | $149.98 mln (3 Analysts) |
Q1 Adjusted EPS | Beat | $0.19 | $0.14 (2 Analysts) |
Q1 Loss Per Share |
| $0.03 |
|
Q1 Adjusted Net Income | Beat | $24.10 mln | $17.42 mln (2 Analysts) |
Q1 Adjusted EBITDA | Beat | $42.50 mln | $32.70 mln (3 Analysts) |
Q1 Adjusted Free Cash Flow |
| $11.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "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 $10.75, about 19.4% above its August 3 closing price of $9.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 6 three months ago
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(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.)