Digital Turbine's Q3 revenue rises 12%, EBITDA up 76%
Overview
Mobile solutions provider's fiscal Q3 revenue grew 12% yr/yr
Fiscal Q3 adjusted EBITDA grew 76% yr/yr
Company raised full-year fiscal 2026 outlook
Outlook
Digital Turbine raises fiscal 2026 revenue outlook to $553 mln-$558 mln
Company expects fiscal 2026 non-GAAP adjusted EBITDA of $114 mln-$117 mln
Digital Turbine cites expanding market opportunities as key growth driver
Result Drivers
STRONG DEMAND - CEO Bill Stone cited strong demand as a key driver of the company's Q3 results
GLOBAL SUPPLY EXPANSION - Expanding global supply contributed to Q3 revenue growth, according to CEO Bill Stone
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $151.40 mln | $145.73 mln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.18 | $0.12 (2 Analysts) |
Q3 EPS |
| $0.03 |
|
Q3 Adjusted Net Income | Beat | $21.70 mln | $13.01 mln (2 Analysts) |
Q3 Adjusted EBITDA | Beat | $38.80 mln | $29.02 mln (2 Analysts) |
Q3 Adjusted Free Cash Flow |
| $6.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Digital Turbine Inc is $8.75, about 73.6% above its February 2 closing price of $5.04
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPn1SctKFa
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