Recap: Digital Turbine Q1 Earnings - Digital Turbine (NASDAQ:APPS)

Digital Turbine APPS reported its Q1 earnings results on Monday, August 8, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Digital Turbine beat estimated earnings by 8.57%, reporting an EPS of $0.38 versus an estimate of $0.35.

Revenue was down $23.98 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 22.61% drop in the share price the next day.

Here's a look at Digital Turbine's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.39	0.43	0.39	0.31
EPS Actual	0.39	0.49	0.44	0.34
Revenue Estimate	337.06M	353.27M	306.53M	190.28M
Revenue Actual	184.13M	375.49M	310.20M	212.62M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Digital Turbine management provided guidance for Q2 2023, expecting earnings between $0.32 and $0.34 per share.

To track all earnings releases for Digital Turbine visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.