By Christopher Kuo
Digital Turbine shares climbed after the company narrowed its losses and posted double-digit revenue growth.
Shares of the mobile technology company rose 16% in after-hours trading Tuesday to $5.57. The stock closed up 5.7% on Tuesday to $4.81.
The company posted a fiscal fourth-quarter loss of $7.3 million, or 6 cents a share, compared with a loss of $18 million, or 18 cents a share, a year earlier.
Adjusted earnings per share came in at 16 cents.
Revenue rose 20% to $142.5 million a year earlier. Total App Growth Platform net revenue grew 57% year over year, the company said. The company has benefited from new artificial intelligence tools, said chief executive Bill Stone.
"One of the key factors for our markedly improved performance has been our ability to more effectively utilize our unique first-party data in order to drive better results for our rapidly expanding global network of advertisers, publishers, carriers and OEMs," Stone said.
For fiscal year 2027, Digital Turbine expects revenue of $630 million to $650 million.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 26, 2026 17:27 ET (21:27 GMT)
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