Digital Turbine Lifts Fiscal 2027 Revenue Outlook

The Tip Desk · November 12, 2026 · 3 min read

Second-quarter net revenue reached $178.7 million, and the company now expects full-year sales of $670 million to $690 million.

Digital Turbine, Inc. (APPS), the mobile advertising platform operator, reported fiscal 2027 second-quarter net revenue of $178.7 million, up 27% from $140.4 million a year earlier, and raised its full-year revenue outlook to a range of $670 million to $690 million.

The year-over-year growth rate matched the 27% pace the company posted in the fiscal first quarter. Sequential revenue rose from $166.0 million in the quarter ended June 30, 2026.

GAAP results swung to net income of $10.3 million, or $0.06 a share on a diluted basis, from a net loss of $21.4 million, or $(0.20) a share, in the year-ago quarter. Non-GAAP adjusted net income was $23.4 million, or $0.18 a share.

Non-GAAP adjusted EBITDA was $39.8 million, up 46% from $27.2 million a year earlier, after 69% year-over-year growth in the first quarter. Non-GAAP free cash flow was $10.5 million.

On Device Solutions net revenue before intercompany eliminations was $115.6 million, up 20% year-over-year after 15% growth in the first quarter. App Growth Platform net revenue before intercompany eliminations was $63.5 million, up 42% year-over-year after 56% growth in the first quarter.

Chief Executive Bill Stone said 20% or more revenue growth in both the On Device Solutions segment and the App Growth Platform segment, along with operating-leverage efficiencies, enabled the 46% adjusted EBITDA increase. He said the team’s execution continues to accelerate a flywheel in which data- and AI-driven improvements support platform performance, partner adoption and advertiser investment.

Income from operations was $20.3 million. Revenue-share expense was $87.7 million. General and administrative expense was $32.7 million.

The company said it currently expects fiscal 2027 revenue of $670 million to $690 million, up from the $650 million to $670 million range given after the first quarter. Non-GAAP adjusted EBITDA guidance of $145 million to $155 million was unchanged. It said it is not reasonably practicable to provide a GAAP net income outlook because of stock-based compensation tied to the stock price and other items that are difficult to estimate.

Digital Turbine said it revised previously issued financial statements after identifying immaterial adjustments related to contractual revenue-share obligations that originated in prior periods. The revision resulted in an understatement of revenue-share expense of $3.5 million for the three months ended June 30, 2026, and a corresponding understatement of accrued revenue-share liabilities. The company said the adjustment did not affect previously reported net cash provided from operations or compliance with debt covenants and was not material to previously reported interim results of operations.

Stone said the stronger-than-expected second-quarter performance and continuing flywheel momentum provide greater conviction that Digital Turbine has the right team, platform, market position and vision to exploit opportunities in front of it.