Shares of Liftoff Mobile, which helps mobile app makers advertise their apps and earn money from ads, jumped about 28% on Friday after the company reported third-quarter results that beat its own forecast. The stock traded at $23.95 at 2:59 p.m. Eastern time, up $5.24, or 28.0%, from Thursday’s close of $18.71.
Liftoff said after the market closed on Thursday that revenue rose 32% from a year earlier to $238 million in the quarter ended Sept. 30. In August, the company had forecast third-quarter revenue of $217 million to $222 million. It earned $87 million in the quarter, compared with a loss of $6 million a year earlier.
The company raised its 2026 revenue forecast to $907 million to $912 million, from $870 million to $880 million, and said it expects fourth-quarter revenue of $244 million to $249 million. Chief Executive Jeremy Bondy said the results “came in well above the high end of our previously published guidance.”
Even after Friday’s jump, the shares remain below their $28.45 close on June 4, their first day of trading. They hit their lowest close since listing, $14.04, on Nov. 2.
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