Digital Turbine Shares Surge Following Strong Q1 Earnings Beat and Raised Outlook

Digital Turbine Inc. (NASDAQ: APPS ) shares are surging Wednesday morning after the mobile growth platform delivered first-quarter fiscal 2027 results that surpassed Wall Street expectations.

Here’s what investors need to know.

Digital Turbine stock is approaching key resistance levels.

Why is APPS stock breaking out? Q1 Financial Performance Exceeds Wall Street Estimates For the quarter ended June 30, the company posted net revenue of $166 million, a 27% year-over-year increase that topped consensus estimates of $149.98 million.

Non-GAAP adjusted earnings per share reached 19 cents, exceeding the 14 cent estimate, while non-GAAP adjusted EBITDA jumped 69% to $42.5 million.

Growth was propelled by a 56% surge in the App Growth Platform segment to $56.6 million and a 15% gain in On Device Solutions revenue to $110 million.

Management Commentary and Upgraded Fiscal 2027 Outlook Highlighting operational momentum, CEO Bill Stone emphasized the impact of artificial intelligence tools.

Stone noted that leveraging AI partnerships has optimized platform data, enhancing advertiser yields and driving growth across its brand business and DT Exchange.

He expressed strong confidence regarding expanding market opportunities.

Reflecting strong execution, Digital Turbine raised its full-year fiscal 2027 revenue guidance to between $650 million and $670 million, surpassing the $642.2 million consensus estimate.

The company also expects full-year non-GAAP adjusted EBITDA between $145 million and $155 million.

Digital Turbine Shares Surge Wednesday APPS Price Action: Digital Turbine shares were up 35.54% at $12.89 at the time of publication on Wednesday.

The stock is trading near its 52-week high of $13.60, according to Pro data.

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