Digital Turbine Inc. (APPS) shares are sinking in extended trading Monday after the company reported financial results for the second quarter. Here's a rundown of the report.

Digital Turbine stock is among today's weakest performers. What's weighing on APPS shares?

Digital Turbine Q2 Highlights

• Q2 Revenue: $178.68 million, versus estimates of $166.75 million
• Q2 Adjusted EPS: 18 cents, versus estimates of 17 cents

Total revenue was up 27% on a year-over-year basis, reflecting positive underlying business momentum. The company said it generated $10.5 million of adjusted free cash flow during the period.

"Our team's focused execution continues to accelerate the flywheel effect, whereby data- and AI-driven improvements are self-sustaining greater overall platform performance across all aspects of the business, which in turn is attracting higher levels of partner adoption and advertiser investment across the platform," said Bill Stone, CEO of Digital Turbine.

Digital Turbine raised its fiscal 2027 revenue guidance from a range of $650 million to $670 million to a new range of $670 million to $690 million, versus estimates of $665.29 million, per market data.

APPS Stock Drops After Hours

APPS Price Action: Digital Turbine shares were down 23.45% in after-hours, trading at $8.65 at the time of publication on Monday, according to market data.