The revenue beat and raised EBITDA margins confirm strong execution in the app marketing space. Watch for Q3 guidance ($217-222M revenue) which implies slight sequential deceleration — any commentary on Cortex-driven demand sustainability on the call could drive further upside. The GAAP loss is non-cash and should be ignored.
Price Chart
Executive Summary
Liftoff Mobile reported Q2 2026 revenue of $220M, up 35% YoY and above the $207.9M consensus, but posted a GAAP net loss of $(4)M (including $45M in non-cash IPO-related expenses) versus consensus EPS of -$0.43. Adjusted EBITDA of $132M (60% margin) beat expectations, and FY2026 revenue guidance of $870-880M implies continued growth. The strong revenue beat and raised EBITDA margins are positive, but the GAAP loss and heavy non-cash charges temper the headline.
Key Financial Metrics
Key Facts
- Q2 revenue $220M vs consensus $207.9M (beat by ~5.8%)
- GAAP net loss $(4)M includes $45M non-cash IPO/capital markets expenses
- Adjusted EBITDA $132M (60% margin), up 55% YoY
- Core Advertising Revenue $219M, up 36% YoY
- FY2026 revenue guidance $870-880M, implying ~32% YoY growth at midpoint
- Trailing 12-month free cash flow $184M, up 142% YoY
Financial Impact
Revenue beat of ~$12M vs consensus; Adjusted EBITDA margin expanded 8pts YoY to 60%
Risk Factors
- GAAP net loss persists due to IPO-related non-cash charges
- Q3 guidance midpoint ($219.5M) is essentially flat QoQ, signaling potential growth moderation
- High debt load ($1.41B net long-term debt) and interest expense ($33M/quarter) weigh on GAAP profitability
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344047 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $16.32 | awaiting T+5 | — | $16.75 (+2.63%) |
Oct 12, 2026 14d ago | Institutional Cluster | $15.88 $16.26 | ▲ +2.39% | ▲ +3.89% | $16.75 (+5.48%) |
Aug 12, 2026 10w ago | 8-K | $20.06 $18.36 | ▼ −8.47% | ▼ −6.51% | $16.75 (−16.50%) |
Aug 12, 2026 10w ago | Press Release | $20.06 $18.36 | ▼ −8.47% | ▼ −6.51% | $16.75 (−16.50%) |
Jun 9, 2026 19w ago | Insider Buy | $24.72 $24.91 | ▲ +0.77% | ▼ −2.66% | $16.75 (−32.24%) |
Jun 8, 2026 20w ago | 8-K | $25.77 $25.39 | ▼ −1.47% | ▼ −3.89% | $16.75 (−35.00%) |
Jun 4, 2026 20w ago | EFFECT | $28.45 $25.66 | ▼ −9.81% | ▼ −7.25% | $16.75 (−41.12%) |
Jun 2, 2026 20w ago | S-1/A | $21.00 $25.77 | ▲ +22.71% | ▲ +25.68% | $16.75 (−20.24%) |
May 29, 2026 21w ago | S-1/A | — | awaiting T+5 | — | — |
US Market Status
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