Liftoff Mobile, Inc. (LFTO) Stock Price & How to Invest

Liftoff Mobile runs a single platform that sits on both sides of the mobile advertising trade: a demand-side platform where game and app developers buy installs and in-app purchases, and a supply-side platform where publishers sell their ad inventory. The connective tissue is Cortex, the neural-network prediction engine that decides which impressions to bid on and how much, based on the probability that a given user will install and then actually spend. The company was founded in 2011, merged with Vungle in 2021 under CEO Jeremy Bondy (Vungle's former chief executive), and now employs roughly ~649 people serving advertisers across the US, Asia Pacific, Europe, the Middle East, Africa, Canada and Latin America. Mobile gaming publishers are the core customer base, with non-gaming app categories such as finance, e-commerce and streaming as the expansion frontier.

The investment picture is a growth story, now priced more cautiously. Trailing twelve-month revenue through June 2026 was about ~$799 million, and the second quarter of 2026 brought in ~$220 million, up ~35% year over year and ~7% sequentially, with adjusted EBITDA of ~$132 million (a ~60% margin). GAAP results are noisier: Q1 2026 showed ~$49.3 million of net income, while Q2 swung to a ~$4 million net loss after ~$45 million of non-cash IPO-related and capital-markets expenses, following a ~$23.1 million net loss for full-year 2025. Blackstone took the company public on Nasdaq on June 4, 2026 at ~$23 a share after an earlier postponement, raising roughly ~$437 million; the stock popped past ~$30 on debut, then slid to about ~$17.09 by October 16, 2026, roughly ~24% lower over three months, for a market capitalization around ~$2.9 billion. That works out to roughly ~3.6 times trailing sales, a trailing P/E near ~68 and a forward P/E near ~12, because GAAP earnings are still distorted by IPO costs. Owning LFTO means accepting that multiple in exchange for growth that currently runs faster than the mobile ad market, against a competitor set that includes a much larger AppLovin, plus Google, Meta and Amazon.

Growth deceleration is now the first-order risk: Q3 2026 guidance of ~$217 million to ~$222 million implies ~21% to ~24% growth, down from ~35% in Q2, and the market has already repriced the stock below its IPO price on that path. Analysts have turned more cautious, with Piper Sandler initiating at neutral in September 2026 and Morgan Stanley cutting its target to ~$20 from ~$30 in October, citing competition. Concentration is the second risk, since mobile gaming advertisers remain a large part of the revenue base and game-studio ad budgets are among the first things cut in a downturn. AppLovin is materially larger, with roughly ~$1.84 billion in Q1 2026 revenue growing ~59%, meaning Liftoff is growing slower than its closest comparable, while Google, Meta and Amazon can price aggressively because mobile app ads are a side business for them; Unity's Vector platform is also gaining traction. Leverage is real, with about ~$1.41 billion of debt against ~$305 million of cash. A ~180-day IPO lockup from the June 4, 2026 listing points to a supply event around early December 2026, and Blackstone remains a large holder whose eventual exit path matters to the float. Platform dependency is the structural risk under all of it: Apple and Google set the identifier, attribution and store rules that determine how well Cortex can measure anything, and a further tightening would hit measurement quality without any warning.

16 analysts publish price targets on LFTO, averaging $27.38 against a $14.18 price as of November 2026, or +93.1%. The published targets run from $18.00 to $42.00, a wide spread, and the ratings split 14 buy, 4 hold, 0 sell. Over the last six months there have been 3 raises and 6 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full LFTO forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Liftoff Mobile, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Cortex and the both-sides data loop. Because Liftoff operates the DSP and the SSP together, Cortex sees the bid request and the post-install outcome in the same system, which is the feedback loop that makes install predictions sharper over time. The most optimistic published target, $42.00, assumes this works close to its best case.

The case against. Growth deceleration is now the first-order risk: Q3 2026 guidance of ~$217 million to ~$222 million implies ~21% to ~24% growth, down from ~35% in Q2, and the market has already repriced the stock below its IPO price on that path. The most pessimistic target, $18.00, is roughly what LFTO is worth if this bites instead.

Read the full bull and bear case on LFTO, including what would have to change to break either one. Walnut is not an investment adviser.

No. Liftoff Mobile, Inc. (LFTO) has not split its stock in the last 10 years. The statement covers only the window we check, so an older split in the company’s history is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Liftoff Mobile, Inc.'s investor relations page or your broker.

• Revenue (TTM, through June 2026): ~$799 million
• Q2 2026 revenue: ~$220 million, up ~35%
• Adjusted EBITDA (Q2 2026): ~$132 million, ~60% margin
• Net income (TTM): ~$36 million (GAAP, includes IPO costs)
• P/E (trailing / forward): ~68x / ~12x
• Market capitalization: ~$2.9 billion at about ~$17.09 per share
• Cash / debt: ~$305 million / ~$1.41 billion

The trailing P/E near ~68 still reflects GAAP earnings dented by IPO-related charges, so the forward P/E near ~12 (on 2027 consensus EPS of ~$1.39) and roughly ~11 times EV to EBITDA are the more readable figures. Both are far lower than at the June listing, when the stock traded near ~178 times trailing earnings, because the share price has fallen while profits grew. Q3 2026 results, expected around November 11, 2026, will test whether growth lands inside the guided ~21% to ~24% range; consensus is ~$221 million of revenue and ~$0.20 of EPS.

Other names that sit close to LFTO: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. They are useful if you want to spread one thesis across several tickers.

There are three common ways to get LFTO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so LFTO sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where LFTO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

LFTO is a fast-growing, recently public mobile ad platform whose revenue trajectory is real (second-quarter 2026 revenue up ~35%) but whose stock has fallen below its IPO price as analysts weigh competition and slowing guided growth, so it now trades on a much lower forward multiple than at listing.

Whether LFTO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is LFTO a buy or a sell?, and where the stock could go from here in the LFTO stock forecast.

For income investors, whether LFTO pays a dividend and how the payout looks is covered in does LFTO pay a dividend? And to weigh LFTO against a peer, read the full side-by-side comparisons: LFTO vs APP and LFTO vs U.