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Liftoff Mobile Announces Second Quarter 2026 Financial Results

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  • Liftoff Mobile, Inc. reported Q2 2026 revenue of $220 million, representing a 7% increase quarter-over-quarter and a 35% increase year-over-year.
  • The company posted a net loss of $4 million for the quarter, which included $45 million in non-cash expenses related to its IPO and capital markets activities.
  • Adjusted EBITDA reached $132 million, marking a 10% quarter-over-quarter rise and a 55% year-over-year increase, with an adjusted EBITDA margin of 60%.
  • Core advertising revenue totaled $219 million, up 36% year-over-year, while Core Advertising Daily Average Revenue grew 6% quarter-over-quarter.
  • Trailing 12-month free cash flow was $184 million, a 142% increase from the prior year, and trailing 12-month net cash from operating activities was $237 million, up 90%.
  • Cash and cash equivalents increased to $305.4 million as of June 30, 2026, from $133.3 million at the end of 2025.
  • Long-term debt decreased to $1.39 billion from $1.80 billion in late 2025, following debt refinancing efforts.
  • Liftoff provided Q3 2026 revenue guidance between $217 million and $222 million with adjusted EBITDA guidance between $124 million and $128 million.
  • Full-year 2026 revenue guidance is set between $870 million and $880 million, with adjusted EBITDA guidance between $510 million and $518 million.
  • Management attributed revenue growth to the eleventh consecutive quarter of expansion, driven by improved advertising performance from the Cortex machine learning platform.
  • The company noted that revenue scaled faster than its cost base, creating operating leverage that converted growth into significant free cash flow.