Digital Turbine Stock Slides On Q4 Earnings: The Details
Portfolio Pulse from Adam Eckert
Digital Turbine Inc (NASDAQ:APPS) shares fell in after-hours trading following the release of its fiscal fourth-quarter financial results. The company reported Q4 revenue of $112.22 million, missing estimates of $117.69 million, but Q4 EPS of 12 cents, beating estimates of 7 cents. Adjusted EBITDA was $12.3 million, down from $23.1 million in the previous year. Despite the mixed results, the company expects fiscal-year 2025 revenue to be between $540 million and $560 million, and adjusted EBITDA to be between $85 million and $95 million. Shares were down 8.48% at $2.05 in after-hours trading.
May 28, 2024 | 9:02 pm
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Digital Turbine's Q4 earnings report showed mixed results with revenue missing estimates but EPS beating expectations. The company also reported a significant drop in adjusted EBITDA. Despite this, the FY25 outlook indicates potential for growth. Shares fell 8.48% in after-hours trading.
The mixed earnings results, particularly the revenue miss and significant drop in adjusted EBITDA, have led to a negative market reaction, causing the stock to fall 8.48% in after-hours trading. However, the positive FY25 outlook provides some hope for future growth.
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