Digital Turbine is zigging while the sector is zagging
When a company boast about its revenue growth you have to see it in the context of its sector. Digital Turbine, a mobile platform service provider is a good example.
In 2021 and 2022 it recorded triple digits growth but this was due to acquisitions. Since then, revenue has declined despite increasing worldwide advertising spend.
If the sector is growing but the company is not, this is a red flag. The company is facing a challenging turn around. Refer to page 20 of INVEST for more insights. https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol210-Invest-07Jun.pdf
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