Liftoff Q2 2026 slides: 35% revenue growth, 60% margins on AI gains

Liftoff Mobile reported a 35% year-over-year revenue growth of $220 million in Q2 2026, with adjusted EBITDA reaching $132 million and a 60% margin. Shares saw a 4.55% increase in regular trading and a subsequent 4.67% decline in after-hours trading following guidance for a more moderate growth trajectory in Q3. The company's Q2 earnings were highlighted by its proprietary Cortex AI platform, driving significant operating leverage and profitability.

With over 5 billion smartphone users worldwide, the mobile advertising market is projected to expand from $79 billion in 2025 to $136 billion by 2030, with non-gaming verticals growing at a 14% CAGR. The company's monetization gap relative to traditional media, at $0.07 per user hour compared to $0.38 per hour in traditional TV, presents substantial growth opportunities.

Liftoff's Q2 performance was attributed to market expansion, self-learning improvements in the Cortex platform, and campaign performance breakthroughs. The company's free cash flow for Q2 2026 reached $50 million, tripling from $15 million a year prior. The presentation emphasized Liftoff's integrated advertising platform, serving diverse app categories and benefiting from a unified architecture combining DSP and SSP capabilities.

This allows the company to capitalize on growth across the mobile app economy, with Cortex's AI prediction engine driving campaign optimization times down to less than one day.