Why Digital Turbine Stock Plunged This Week
An accounting revision covering past revenue-share expenses and shrinking gross margins sent Digital Turbine (NASDAQ:APPS) tumbling this week, eclipsing its second-quarter revenue beat. Digital Turbine stock changed hands at $7.30 as of the close on Thursday, Nov. 12, down 29.7% this week from Friday, Nov. 6's close through Thursday, Nov. 12's close. Over the same period, the S&P 500 (SNPINDEX: ^GSPC) gained 2.9%, and the Nasdaq-100 was up 4.8%. Digital Turbine reported fiscal second-quarter 2027 revenue of $178.7 million on Monday, Nov. 9, up 27% year over year and topping consensus estimates of $166.8 million. Adjusted earnings per share reached $0.18, beating estimates by a penny. However, management disclosed an accounting error that understated revenue-share obligations by $3.5 million for the quarter ended June 30, 2026. Continue reading