Digital Turbine Reports 27% Revenue Growth for Q2 Fiscal 2027
Digital Turbine (APPS) delivered strong second-quarter fiscal 2027 results, reporting total revenue of $178.7 million, a 27% increase year-over-year. This growth was fueled by significant expansion in both the AppGrowth Platform, which grew 42%, and On-Device Solutions (ODS), which saw a 20% rise driven by international volume increases. The company demonstrated improved profitability with Non-GAAP Adjusted EBITDA rising 46% to $39.8 million and an expanded margin of 22.3%. Management also successfully reduced the net leverage ratio from 4.0x to 2.3x, signaling a strengthened balance sheet despite macroeconomic headwinds in the smartphone supply chain. Reflecting strong momentum, Digital Turbine raised its full-year fiscal 2027 revenue guidance to a range of $670 million to $690 million. While maintaining adjusted EBITDA guidance to allow for strategic investments in AI and machine learning, the company reported significant free cash flow growth compared to the previous year.
Tickers: $APPS
Topics: debt reduction EBITDA expansion net income revenue growth