Why Digital Turbine Stock Skyrocketed Today
Shares of small technology company Digital Turbine (NASDAQ: APPS) skyrocketed on Thursday, and I mean that quite literally. The company reported financial results for its fiscal third quarter of 2025. And as of 3 p.m. ET, Digital Turbine stock is up a dizzying 82%.
On the surface, Digital Turbine's Q3 financial results don't seem worthy of an 82% gain. Quarterly revenue of $135 million was down 6% year over year. And its net loss of $23 million was bigger than its $14 million in the prior-year period. Granted, these numbers were better than investors had expected, but they still don't look great in isolation.
Digital Turbine's software is pre-installed on mobile devices from certain telecom companies, providing advertising opportunities. And in Q3, the company set records for revenue per mobile device, which is quite encouraging and sets up a good upcoming fiscal fourth quarter.
Source Fool.com
