REDWOOD CITY, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Liftoff Mobile, Inc. ("Liftoff") (NASDAQ: LFTO), a global leader in performance marketing and monetization solutions for the app economy, today announced financial results for the quarter ended June 30, 2026.
Second Quarter 2026 Financial Highlights:
(In millions,
except
percentages) Q2 FY26 Q1 FY26 Q2 FY25 Q/Q Change Y/Y Change
-------- -------- -------- ---------- ----------
Revenue $220 $206 $162 7% 35%
Net income
(loss) $ (4) $ 49 $(24) NM (82)%
Adjusted
EBITDA(1) $132 $120 $ 85 10% 55%
Net income
(loss)
Margin (2)% 24% (15)% NM 13 pts
Adjusted
EBITDA
Margin(1) 60% 58% 53% 2 pts 8 pts
_________
Note: Variances that are not meaningful ("NM") are not presented in the table above. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
"Q2 marked our eleventh consecutive quarter of revenue growth and reinforced a pattern we have seen over time: better advertising performance gives customers reason to increase their spend with us. Cortex's continued self-learning and discrete model improvements both contributed to that performance this quarter," said Jeremy Bondy, Liftoff's Chief Executive Officer. "Our integrated advertising platform, powered by Cortex machine learning, is designed to serve all verticals in the app economy, and we believe we're still in the early innings of our growth story in a large, expanding, and structurally under-monetized market."
"Our strong financial results reflect the durability of our financial model," added Tarek Kutrieh, Liftoff's President and Chief Financial Officer. "Adjusted EBITDA margin expanded meaningfully, as our revenue scaled faster than our cost base. That operating leverage, combined with our capital light architecture, converted growth into significant free cash flow. We see a clear opportunity for continued sustainable, profitable growth."
Business Highlights:
-- Core Advertising Revenue2 was $219 million in the second quarter, an
increase of 36% year-over-year and 7% quarter-over-quarter.
-- Core Advertising Daily Average Revenue $(DAR)$2 increased by 6%
quarter-over-quarter.
-- Net Loss of $(4) million in the second quarter is inclusive of $45
million of non-cash expenses related to our IPO and other capital markets
activities.
-- Trailing 12-month Net Cash from Operating Activities was $237 million, an
increase of 90% from the corresponding period of the prior year.
-- Trailing 12-month Free Cash Flow1 was $184 million, an increase of 142%
from the corresponding period of the prior year.
Third Quarter 2026 Financial Guidance Summary(3)
(In millions, except percentages) Low High
-------- --------
Revenue $217 $222
Adjusted EBITDA $124 $128
Adjusted EBITDA Margin 57% 58%
Fiscal Year 2026 Financial Guidance Summary(3)
(In millions, except percentages) Low High
-------- --------
Revenue $870 $880
Adjusted EBITDA $510 $518
Adjusted EBITDA Margin 59% 59%
_________
(1) For a discussion on how we define, use, and calculate these non-GAAP financial measures and a reconciliation thereof to the most directly comparable GAAP financial measures, see "Key Operating and Financial Metrics" and the tables at the end of this press release.
(2) See "Key Operating and Financial Metrics" for additional information on how we define Core Advertising Revenue and Core Advertising DAR.
(3) We have not provided the most comparable GAAP metric or a GAAP reconciliation for certain forward-looking non-GAAP metrics--specifically Adjusted EBITDA and Adjusted EBITDA margin--as a result of the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalents is not available without unreasonable effort. However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results.
Conference Call Information
The Company will host a conference call today at 2:00 PM PT / 5:00 PM ET during which management will discuss the Company's quarterly results and provide commentary on business performance. The call will be hosted by Jeremy Bondy, Chief Executive Officer, and Tarek Kutrieh, President and Chief Financial Officer.
The conference call may be accessed on the Company's website at: https://investors.liftoff.ai. A replay will also be available under the 'News & Events' section of the Company's Investor Relations website.
About Liftoff
Liftoff (NASDAQ: LFTO) is a leading growth and monetization engine built for the mobile app economy. Its AI-powered platform, Cortex$(TM)$, unifies marketing, creative, and monetization to deliver measurable performance at scale across the app lifecycle. Liftoff enables advertisers to unlock profitable user growth while helping app publishers maximize revenue with advanced ad monetization technology. Founded in 2012 and headquartered in Redwood City, California, Liftoff supports a diverse, global customer base across gaming, consumer, and emerging app categories.
Contacts
Investor Relations Media Relations Jenn Kettnich Laura Wilkinson investors@liftoff.ai press@liftoff.ai --------------------- -----------------
CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that are not historical facts. Forward-looking statements include, but are not limited to, statements about: (1) projections of revenues, expenses, income or loss, earnings or loss per share, cash flow, margins, profitability, capital expenditures, liquidity, capital resources or other financial or operating items; (2) our plans, strategies and objectives, including those relating to our business model, growth strategy, market opportunity, customer retention and expansion, acquisition of new customers, technology innovation, Cortex and AI-related initiatives; (3) future financial or operating performance; (4) our expectations regarding macroeconomic conditions, market trends, competition, regulatory developments, taxes, public company costs, indebtedness, interest rates and other risks affecting our business; (5) our expectations regarding acquisitions, investments, dispositions, financings or other strategic transactions we may pursue; and (6) assumptions underlying any of the foregoing. We may, in some cases, use words such as "anticipate," "assume," "believe," "contemplate," "continue," "could," "estimate," "expect," "foreseeable," "intend," "may, " "plan," "potentially," "predict," "project," "seek," "should," "will," or "would," or similar words or phrases that convey uncertainty of future events or outcomes, to identify forward-looking statements in this press release. Factors that may cause actual results to differ from expected results include those described in our filings with the Securities and Exchange Commission (the "SEC"), including those set forth in the "Risk Factors" section in our final prospectus (the "IPO Prospectus") filed with the SEC on June 4, 2026 pursuant to Rule 424(b)(4) under the Securities Act relating to our registration statement on Form S-1 (File No. 333-295144).
The forward-looking statements contained in this press release are based on management's current expectations and are subject to uncertainty and changes in circumstances. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. There are a number of factors, many of which are beyond our control, that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, among others, risks related to: our ability to retain existing customers, expand customer usage and attract new customers; the fact that we generally do not have long-term commitments from customers; advertiser demand, marketing budgets, customer churn or consolidation, and broader macroeconomic, market, public health and geopolitical conditions, including inflation, interest rates, tariffs and U.S.-China tensions; our dependence on mobile operating systems, app stores, large internet and technology companies, third-party platforms, cloud infrastructure providers, supply partners and other participants in the mobile advertising ecosystem; competition and rapid changes in technology, industry standards and customer needs; our ability to collect, use, disclose and otherwise process data, and evolving privacy, data protection, information security, consumer protection, advertising, tracking, targeting, protection of minors, AI and other legal and regulatory requirements; fraud, malware, cybersecurity incidents, system failures, service interruptions and other technical or operational disruptions; our ability to maintain and scale our technology, including Cortex and other AI capabilities, and develop and introduce new products and services; changes in app store policies, user opt-in or opt-out choices,
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