TLDR
- Digital Turbine (APPS) jumped 13% in premarket trading after beating earnings expectations.
- The company issued FY2027 revenue guidance of $630M–$650M, targeting double-digit top and bottom line growth.
- App Growth Platform net revenue hit $52.1M, up 57% year-over-year.
- On Device Solutions net revenue reached $91M, up 5% year-over-year.
- CFO Steve Lasher is stepping down; Chief Accounting Officer Josh Kinsell will serve as interim CFO.
Digital Turbine stock was trading up 13% in premarket Wednesday after the company posted a strong quarterly beat and gave investors something they haven’t had in a while — a full-year outlook.
The company reported non-GAAP EPS of $0.16, beating estimates by $0.07. Revenue came in at $142.5M, topping forecasts by $9.27M.
FY2027 guidance landed at $630M–$650M in revenue. That’s a target range built around what the company is calling another year of double-digit growth — on both the top and bottom line.
CEO Bill Stone pointed to better use of first-party data as a key driver. The company says it’s been using that data to sharpen results for advertisers, publishers, carriers, and OEMs across its global network.
Stone noted the June quarter is off to a positive start, which gave the company confidence to issue annual guidance — something investors have been waiting on.
App Growth Platform Leads the Way
The App Growth Platform segment was the standout. Net revenue hit $52.1M before intercompany eliminations, up 57% year-over-year.
That’s a sharp acceleration and the number the market is likely keying in on. A 57% growth rate in any segment tends to get attention.
On Device Solutions, the company’s other main segment, brought in $91M in net revenue — up 5% year-over-year. Slower growth, but still moving in the right direction.
Together, the two segments paint a picture of a business that’s been quietly rebuilding momentum.
CFO Transition Adds Some Uncertainty
There’s a leadership change to flag. CFO Steve Lasher is stepping down from his role.
Josh Kinsell, the company’s Chief Accounting Officer, will step in as interim CFO while a permanent replacement is found.
Management transitions during earnings season always draw scrutiny. But the company didn’t offer details on the timing or reason for Lasher’s departure.
It’s worth watching how quickly they move to fill the role permanently.
Despite the premarket pop, APPS stock remains down 3.8% year-to-date heading into Wednesday’s session.
The stock had been under pressure for much of the year, making today’s move a notable reversal — at least in the short term.
The last reported non-GAAP EPS beat of $0.07 is the clearest single-number measure of how far above expectations the quarter landed.
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