Digital Turbine Q1 Results Exceed Estimates, Sees Continued Demand In H2 FY25
Portfolio Pulse from Lekha Gupta
Digital Turbine, Inc. (NASDAQ:APPS) reported better-than-expected Q1 FY25 results, with revenue of $118.0 million beating the consensus of $116.03 million. The company saw growth in both its On Device Solutions and App Growth Platform segments. Adjusted EPS was $0.07, surpassing the consensus of $0.04. The company reaffirmed its FY 2025 revenue and adjusted EBITDA guidance. APPS shares are up 19.7% premarket.
August 08, 2024 | 9:18 am
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Digital Turbine reported better-than-expected Q1 FY25 results, with revenue of $118.0 million and adjusted EPS of $0.07, both surpassing consensus estimates. The company saw growth in its On Device Solutions and App Growth Platform segments. Shares are up 19.7% premarket.
The better-than-expected financial results and reaffirmed guidance indicate strong performance and future growth potential, leading to a positive market reaction with shares up 19.7% premarket.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100