Digital Turbine reports Q1 adjusted EPS 18c, consensus 13c

Reports Q1 revenue $146.4M, consensus $142.9M. “Our first-quarter results represented an encouraging start to the new fiscal year,” said Bill, Stone, CEO. “Both revenue and EBITDA grew quarter-over-quarter, on the strength of improved performance across the business. Operationally, we are sharpening our execution with upgrades of our core ad-tech and on-device capabilities that are enhancing overall platform performance. We are also continuing to invest in our future and are making noteworthy progress with respect to market adoption of several key growth initiatives, such as SingleTap and DT Hub, that we believe are ideally positioned to capitalize on future emergent market opportunities that are expected to begin to contribute more significantly to our future growth.”