GlobeNewswire·Nov 12, 2026, 4:03 PM ET

Liftoff Mobile Announces Third Quarter 2026 Financial Results

LFTO

Liftoff Mobile, Inc. reported third-quarter 2026 revenue of $238 million, an 8% increase quarter-over-quarter and a 32% increase year-over-year.
Net income for the quarter was $87 million, compared to a loss of $4 million in the prior quarter and a loss of $6 million in the same period last year.
Adjusted EBITDA reached $145 million, representing a 10% quarter-over-quarter increase and a 45% year-over-year increase.
Core Advertising Revenue totaled $237 million, up 33% year-over-year and 8% quarter-over-quarter.
Trailing 12-month net cash provided by operating activities was $303 million, a 107% increase from the prior year, while trailing 12-month free cash flow was $249 million, a 158% increase.
The company provided fourth quarter 2026 revenue guidance between $244 million and $249 million with adjusted EBITDA guidance between $150 million and $154 million.
Full-year 2026 revenue is guided between $907 million and $912 million with adjusted EBITDA guidance between $547 million and $551 million.
Cash and cash equivalents increased to $385.7 million as of September 30, 2026, from $133.3 million at the end of 2025.
Long-term debt decreased to $1.39 billion from $1.80 billion at the end of 2025, while total stockholders' equity turned positive at $100 million from a deficit of $951 million previously.
Liftoff hosted a conference call on November 12, 2026, with CEO Jeremy Bondy and CFO Tarek Kutrieh to discuss the results.
The company plans to discontinue separate reporting of Core Advertising Revenue starting in the first quarter of 2027.

Company: LMI, Inc.
Keywords: Nasdaq:LFTO, LMI, Inc.