24/7 Market News Snapshot 05 February, 2025 – Digital Turbine, Inc. (NASDAQ:APPS)

February 5, 2025

DENVER, Colo., 05 February, 2025 (247marketnews.com) – (NASDAQ:APPS) are discussed in this article.
Digital Turbine, Inc. (APPS) has garnered significant attention in the financial markets with its impressive market performance, opening at $2.50 and experiencing a notable surge of 26.98%, reaching a current trading price of $3.149. This upward movement is further highlighted by a robust trading volume of 5.10 million shares, indicating increased investor interest. Technical indicators suggest the potential for further gains, making APPS a dynamic opportunity for both traders and investors.

In conjunction with this market activity, Digital Turbine has released its financial results for the fiscal third quarter ending December 31, 2024. The company reported revenues of $134.6 million, marking a 13% increase from the previous quarter, despite a year-over-year decline of 6%. The financial results reflect a GAAP net loss of $23.1 million or $0.22 per share, a decrease compared to the net loss of $14.1 million or $0.14 per share from the same quarter last year. However, when adjusted, the company noted a non-GAAP net income of $13.7 million, translating to $0.13 per share, alongside a non-GAAP adjusted EBITDA of $22.0 million—a 44% increase from the prior quarter.

CEO Bill Stone emphasized the importance of operational efficiencies and the increasing demand for the company’s On-Device product offerings as critical drivers behind this performance. He expressed optimism regarding the company’s future growth, revising the fiscal 2025 revenue outlook to between $485 million and $490 million, with non-GAAP adjusted EBITDA expected to fall between $69 million and $71 million. This trajectory underscores Digital Turbine’s commitment to innovation and enhancing value for its stakeholders in the competitive mobile space.

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