Digital Turbine Inc. (NASDAQ:APPS) announced its third-quarter financial results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: Digital Turbine reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate for a loss of one cent. Quarterly revenue clocked in at $134.64 million, which beat the consensus estimate of $123.68 million.
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“Our financial results exceeded our expectations in the December quarter with improved execution and the enactment of transformational profit-optimization measures driving improved operating performance and free cash flow,” said Bill Stone, CEO.
“Strong advertiser and publisher demand for our increasingly wide array of On-Device product offerings and continuing growth in spending from leading advertising agencies and brand advertisers on our App Growth Platform were important revenue drivers,” Stone added.
Outlook: Digital Turbine raised its fiscal 2025 revenue outlook from between $475 million and $485 million to between $485 million and $490 million, versus the $477.04 million estimate.
APPS Price Action: According to data from Benzinga Pro, Digital Turbine shares are up 20.47% after hours at $3.07 Wednesday.
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