Digital Turbine grants FY2027 equity awards to William Stone, Michael Akkerman

Digital Turbine's Chief Business Officer Michael Akkerman resigned to become CEO of another company, effective October 30, 2026. His departure raises concerns about the company's business pipeline and client momentum. Digital Turbine is currently unprofitable, with analysts forecasting revenue growth of 12.0% annually to $842.3 million and earnings of $14.9 million by 2029, a significant swing from its current loss of $35.0 million.

Digital Turbine (APPS) said its AGP revenues rose 55.9% year over year to $56.6M in Q1 FY2027, and advertising exchange revenues increased $14.3M from new publishers and demand partners, especially in APAC and China. Management raised FY2027 guidance to $650-$670M revenue and $145-$155M adjusted EBITDA. The article also discusses ZETA and APP AI initiatives.

Digital Turbine (APPS) reported Q1 fiscal 2027 revenue of $166.0 million, up 27% year over year. Non-GAAP adjusted EPS was $0.19 versus $0.06 a year earlier. Adjusted EBITDA rose 69% to $42.5 million, margins to 25.6%. Management raised full-year revenue guidance to $650 million to $670 million and adjusted EBITDA to $145 million to $155 million.

The FTSE 100 ended Thursday down 20 points at 10,867. UK regulators approved Paramount Skydance’s planned acquisition of Warner Bros Discovery, with the CMA saying no realistic prospect of substantially reducing competition. In company news, Diageo shares rose after results and a strategy update, targeting flat organic sales in FY2027, low to mid-digit adjusted operating profit growth, and about $8bn cumulative free cash flow 2027-2029.

Digital Turbine (APPS) reported Q1 net revenue of $166 million, up 27% year over year and above the $149.98 million consensus, with non-GAAP EPS of 19 cents versus 14 cents and non-GAAP adjusted EBITDA of $42.5 million. The company raised fiscal 2027 revenue guidance to $650 million to $670 million and expects non-GAAP adjusted EBITDA of $145 million to $155 million. Shares rose 35.54% to $12.89.

Digital Turbine (APPS) reported fiscal Q1 2027 adjusted EPS of 19 cents, up from 6 cents a year ago, beating the 14-cent consensus. Net revenues rose 27% to $166 million, above the $150 million estimate. Non-GAAP gross margin rose to 49.4%. For fiscal 2027, it raised non-GAAP revenue guidance to $650-$670 million and adjusted EBITDA to $145-$155 million.