Digital Turbine Shares Surge 45% After Earnings
Digital Turbine shares surged 44.9% to $6.97 in early New York trading after reporting fiscal fourth-quarter revenue of $142.5 million, up 20%. The company posted a GAAP net loss of $7.3 million but forecast fiscal 2027 revenue between $630 million and $650 million. Trading volume exceeded 17 million shares. Digital Turbine expanded its Google Cloud partnership to add AI tools to its mobile ad platform.