Liftoff Mobile (LFTO) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $237.5M, up 32% YoY, marking 12 consecutive quarters of revenue growth; results exceeded the high end of guidance.

• Growth reflected improved Cortex performance and strength across app categories; more than half of advertiser revenue came from non-gaming advertisers.

• Adjusted EBITDA was $144.9M, up 45% YoY, with a 61% margin versus 56% a year earlier.

Financial highlights

• Q3 revenue was $237.5M versus $179.5M a year earlier, up 32% YoY and 8% QoQ; Core Advertising revenue was $236.7M, up 33% YoY.

• Net income was $86.7M versus a $5.7M loss; diluted EPS was $0.47 versus a $0.05 loss per share.

• 9M revenue rose 35% to $662.7M; net income was $131.8M versus a $25.6M loss.

• Q3 free cash flow was $93M versus $28M a year earlier; trailing 12-month free cash flow was $249.3M versus $96.6M.

Outlook and guidance

• Q4 2026 revenue guidance is $244M–$249M; Adjusted EBITDA guidance is $150M–$154M, at a 61%–62% margin.

• FY2026 revenue guidance is $907M–$912M; Adjusted EBITDA guidance is $547M–$551M, at a 60% margin.

• Q4 outlook reflects market growth, Cortex learning and benefits of improvements already deployed; future discrete model advances are excluded because timing and impact cannot be reliably forecast.

• No 2027 guidance was issued; Core Advertising revenue is expected to remain the primary revenue contributor.