Digital Turbine's stock surges to extend win streak after Google partnership

digital-turbine's-stock-surges-to-extend-win-streak-after-google-partnership

Shares of Digital Turbine Inc. APPS, +3.88% shot up 9.7% in premarket trading Tuesday, putting them on track to post a seventh-straight gain, after the media and mobile communications company announced a multi-year partnership with Alphabet Inc.’s GOOGL, -0.42% Google. With the partnership, Digital Turbine will with with Google Cloud partner SADA to implement Google’s business and cloud offerings to support growth. “By partnering with Google we are efficiently powering app discovery for nearly a billion Android devices globally while simultaneously expanding our footprint across the Android ecosystem including mobile, TV and connected devices,” said Digital Turbine Chief Executive Bill Stone. The stock, which has run up 23.2% amid a six-day win streak through Monday, has still lost 10.1% over the past three months while the S&P 500 SPX, +0.16% has rallied 10.1%.

Source: Marketwatch

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