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Why Digital Turbine Stock Plunged Today

TheMotleyFool

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Shares of Digital Turbine (NASDAQ: APPS) were down 23.4% as of 12:52 p.m. ET on Wednesday after the company delivered results for its fiscal 2022 fourth quarter on Tuesday.

For the period, which ended March 31, revenue increased by 94% year over year. On a pro forma (adjusted) basis -- which is calculated as if all acquired businesses had been owned for the entirety of its fiscal 2021 and 2022 -- revenue grew 19%.

Image source: Getty Images.

Source Fool.com

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