Liftoff Mobile (LFTO) investor relations material

Executive summary

• Achieved 11th consecutive quarter of revenue growth, with Q2 2026 revenue up 35% year-over-year to $220 million, driven by machine learning breakthroughs in Cortex and increased advertiser demand during major events like the FIFA World Cup.

• Adjusted EBITDA margin reached 60% in Q2 2026, supported by operating leverage, AI-powered platform improvements, and strong free cash flow generation.

• Core advertising revenue is the primary growth driver, with over half of demand and one-third of supply from non-gaming verticals.

• Majority of Q2 growth came from existing customers, with 391 customers contributing over $100,000 in core advertising revenue.

• Net loss for Q2 2026 was $4 million, including $45 million in non-cash IPO-related expenses.

Financial highlights

• Q2 2026 revenue grew 7% sequentially and 35% year-over-year to $220 million; core advertising revenue was $219 million.

• Adjusted EBITDA reached $132 million (60% margin), up from $85 million (53% margin) in Q2 FY25.

• Free cash flow for the twelve months ended June 30, 2026 was $184 million, up 142% year-over-year.

• Net loss margin for Q2 2026 was (2)%, improved from (15)% in Q2 2025.

• Cash and cash equivalents at June 30, 2026: $305 million; long-term debt reduced to $1.39 billion.

Outlook and guidance

• Q3 2026 revenue expected at $217–$222 million; adjusted EBITDA of $124–$128 million (57–58% margin).

• Full-year 2026 revenue guidance of $870–$880 million (27–28% growth); adjusted EBITDA of $510–$518 million (59% margin, up 4 points vs. 2025).

• Guidance philosophy is prudent, focusing on visibility and excluding unconfirmed model breakthroughs.

• Continued investment in technology, sales, and marketing to support growth, with anticipated increases in general and administrative expenses as a public company.

• No material impact from the One Big Beautiful Bill Act (OBBBA) on tax expense or effective tax rate in Q2 2026; ongoing assessment of regulatory changes.