This article first appeared on GuruFocus.

Digital Turbine (NASDAQ:APPS) shares jumped about 35% on Wednesday after the mobile software company reported results that topped Wall Street expectations and lifted its full-year guidance.

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The company now expects fiscal 2026 revenue in the range of $540 million to $550 million, up from its earlier projection. Adjusted EBITDA is forecast between $100 million and $105 million, marking an increase of roughly $12.5 million in revenue and $9 million in EBITDA at the midpoint compared with prior estimates.

Management said the latest results reflected steady demand across its app distribution and advertising platforms. Chief Financial Officer Stephen Lasher said momentum across our core businesses remains strong, adding that the company aims to build on its recent operating improvements.

The upbeat forecast helped extend recent gains for Digital Turbine, which has struggled earlier this year amid a slowdown in the mobile advertising market. The sharp rebound suggests investors are regaining confidence in the company's turnaround strategy.