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Digital Turbine Inc (NASDAQ:APPS) reported financial results for the first quarter of fiscal 2026 after the market close on Tuesday. Shares are moving lower on the heels of the report.
APPS is seeing a sharp decline in price. See the chart here.
What To Know: Total revenue was up 11% on a year-over-year basis, driven by strong demand for the company’s Ignite platform and modestly improved device sales.
Digital Turbine ended the period with $34.13 million in total cash, cash equivalents and restricted cash.
“I was pleased to see our business momentum continue to accelerate in the first quarter. Double-digit revenue growth year-over-year and a corresponding 73% increase in EBITDA during the quarter enable us to confidently raise our outlook for the fiscal year,” said Bill Stone, CEO of Digital Turbine.
Guidance: Digital Turbine raised its fiscal 2026 revenue guidance from a range of $515 million to $525 million to a new range of $525 million to $535 million versus estimates of $521.64 million, according to Benzinga Pro.
The company also anticipates fiscal 2026 Adjusted EBITDA of $90 million to $95 million.
APPS Price Action: Digital Turbine shares initially popped on the report, climbing above $6.50 before pulling back. The stock was down 18.38% in after-hours, trading at $4.44 at the time of publication on Tuesday, according to Benzinga Pro.
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Photo: JHVE Photo/Shutterstock.com
Posted In: APPS
