Liftoff Mobile, Inc. 8-K
PositiveEarningsGuidance raised
Better app customer performance drove more spending on Cortex; FY2026 revenue guidance raised to $907M–$912M.
Filed 2026-11-12 16:07 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with Q4 and FY2026 guidance. Revenue grew 32% Y/Y to $238M as better customer performance across app categories drove more investment in Cortex, Liftoff’s AI-powered platform for marketing, creative and monetization.
For Q4, the revenue midpoint implies +3.8% Q/Q, non-GAAP Adjusted EBITDA midpoint +4.9% Q/Q, and non-GAAP Adjusted EBITDA margin midpoint 61.5% vs 61% in Q3. FY2026 guidance was raised: revenue to $907M-$912M from $870M-$880M, non-GAAP Adjusted EBITDA to $547M-$551M from $510M-$518M, and non-GAAP Adjusted EBITDA margin to 60% from 59%.
Results with guidance
| Metric | Guided for Q3 2026 | Q3 2026 actual | 9M 2026 | Q4 FY2026 guide | FY2026 guide |
|---|---|---|---|---|---|
| Revenue | $217M-$222M | $238M (beat)+32% Y/Y, +8.2% Q/Q | $663M+35% Y/Y | $244M-$249M+3.8% Q/Q at midpoint (better than reported) | $907M-$912Mraised from $870M-$880M |
| Adjusted EBITDA (non-GAAP) | $124M-$128M | $145M (beat)+45% Y/Y, +9.6% Q/Q | — | $150M-$154M+4.9% Q/Q at midpoint (better than reported) | $547M-$551Mraised from $510M-$518M |
| Adjusted EBITDA Margin (non-GAAP) | 57%-58% | 61% (beat)+5.0 pp Y/Y, +1.0 pp Q/Q | — | 61%-62%+0.5 pp Q/Q at midpoint (better than reported) | 60%raised from 59% |
Earlier guidance from the 8-K filed 2026-08-12.
Results without guidance
| Metric | Q3 2026 | Change | 9M 2026 |
|---|---|---|---|
| Operating income | $104M | +117% Y/Y, +34% Q/Q | $267M+188% Y/Y |
| Net income | $86.7M | vs -$5.73M Y/Y, vs -$4.23M Q/Q | $132Mvs -$25.6M Y/Y |
| Diluted EPS | $0.47 | vs -$0.05 Y/Y, vs -$0.03 Q/Q | $0.74vs -$0.19 Y/Y |
| Cash and cash equivalents | $386M | +26% Q/Q | — |
| Diluted shares | 183M | +49% Y/Y, +33% Q/Q | 157M+14% Y/Y |
What moved the numbers
- Core Advertising Revenue, from current advertising platforms predominantly powered by Cortex-backed demand solutions, was $237M, +33% Y/Y and +8% Q/Q.
- Trailing 12-month net cash provided by operating activities was $303M, +107% Y/Y; free cash flow was $249M, +158% Y/Y.
- Cash and cash equivalents were $386M at 9/30/2026, +26% Q/Q. Nine-month net IPO proceeds were $472M and debt principal repayments were $423M; debt carrying value was $1.41B at 9/30/2026 vs $1.82B at 12/31/2025.
- Weighted-average diluted shares were 183M, +49% Y/Y and +33% Q/Q; common shares outstanding were 169M at 9/30/2026 vs 123M at 12/31/2025.
- Net income included a $14.4M gain from contingent-consideration revaluation, vs a $13.2M loss a year earlier.
Figures extracted from the filings and checked against their text; changes and verdicts computed from them.
The summary is written by an AI model reading the filing.
Model 005 · prompt v192 · 2026-11-12 23:42:11Z