Liftoff Mobile (LFTO) Keeps Soaring for 3rd Straight Day. Investors Are Buying for This Reason

Liftoff Mobile Inc. (NASDAQ:LFTO) is one of the 10 Stocks Defying Tech Market Turmoil.

Liftoff Mobile extended its winning streak to a third consecutive day on Friday, soaring 30.63 percent to close at $24.44 apiece, after swinging to profitability in the third quarter of the year.

In an updated report on the same day, the AI-powered growth and monetization platform said that it raked in $87 million in net income during the period, reversing a $6 million net loss in the same period last year.

Revenues increased by 32 percent to $238 million from $220 million year-on-year, beating its previous guidance range of $217 million to $222 million for the period.

Photo by Tima Miroshnichenko on Pexels

“Our third quarter results came in well above the high end of our previously published guidance and showed the breadth of the app economy at work,” Liftoff Mobile Inc. CEO Jeremy Bondy said.

“We saw strength across key app categories, as better performance for our customers drove more investment in our platform and strengthened our flywheel. We’re confident that our platform is purpose-built to capture user attention and monetization for our customers,” he noted.

Following the results, Liftoff Mobile Inc. raised its full-year 2026 revenue growth guidance to a range of $907 million to $912 million from $870 million to $880 million previously.

It also increased its adjusted EBITDA guidance to between $547 million and $551 million, versus $510 million to $518 million earlier.

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