Liftoff Mobile, Inc. 8-K

PositiveEarningsNew guidanceImpairment / charge

Cortex improvements and higher customer spending drove 35% Y/Y revenue growth; $45M in non-cash IPO and capital-markets costs weighed on results.

Filed 2026-08-12 16:05 ET

Summary

Q2 2026 results with Q3 and FY2026 guidance. Revenue grew 35% Y/Y for the eleventh consecutive quarter; Liftoff attributed the growth to stronger advertising performance, customer spending and Cortex improvements. Net loss included $45M of non-cash IPO and other capital-markets expenses.

Key Figures

Metric Q2 FY26 H1 FY26
Revenue $220M, +35% Y/Y $425M, +36% Y/Y
Net income (loss) $(4.23)M, vs $(23.8)M $45.1M, vs $(19.9)M
Adjusted EBITDA, non-GAAP $132M, +55% Y/Y $252M, +55% Y/Y
Net income (loss) margin (2)%, vs (15)% 11%, vs (6)%
Adjusted EBITDA margin, non-GAAP 60%, vs 53% 59%, vs 52%
Diluted EPS $(0.03), vs $(0.16) $0.27, vs $(0.14)
Operating cash flow — $151M, +94% Y/Y
  • Core Advertising revenue was $219M, +36% Y/Y and +7% Q/Q; Core Advertising Daily Average Revenue rose 6% Q/Q. Management cited improved advertising performance and Cortex model improvements.
  • Trailing 12-month operating cash flow was $237M, +90% Y/Y; free cash flow was $184M, +142% Y/Y.
  • Cash was $305M at 6/30/2026, vs $133M at 12/31/2025; long-term debt, net, was $1.39B, vs $1.80B. H1 included $472M of net IPO proceeds and $418M of debt principal payments.

Guidance

Metric Period Guidance Prior Direction
Revenue Q3 2026 $217M-$222M — —
Adjusted EBITDA, non-GAAP Q3 2026 $124M-$128M — —
Adjusted EBITDA margin, non-GAAP Q3 2026 57%-58% — —
Revenue FY2026 $870M-$880M — —
Adjusted EBITDA, non-GAAP FY2026 $510M-$518M — —
Adjusted EBITDA margin, non-GAAP FY2026 59%-59% — —

Investor Takeaways

  • Q3 revenue and non-GAAP Adjusted EBITDA versus their guided ranges will indicate whether advertising growth and operating leverage continue.
  • FY2026 results versus the annual ranges will test the outlook for sustained profitable growth.

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Model 005 · prompt v95 · 2026-10-21 17:14:20Z

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