MNTN (MNTN) Company Report

MNTN focuses on enabling small and mid-sized businesses (SMBs) to advertise on streaming TV, with 97% of its customers new to TV advertising, significantly expanding the total addressable market.
The company's primary customer acquisition is organic, with its own platform streaming MNTN-branded TV commercials generating most leads, and customer spend scaling based on their return on ad spend (ROAS).
MNTN utilizes technology like Quick Frame AI to reduce the time and cost of creating TV ads by 100x and 10x, respectively, with 50% of its workforce being engineers dedicated to platform and AI investment.
The company reported gross margin growth of 720 basis points year over year and is confident in expanding adjusted EBITDA margins while balancing revenue growth.

Nov 18, 2025, 6:20 PM

Transcript

MNTN CEO Discusses Market Expansion, Performance Marketing, and AI Innovations at TIMT Conference

MNTN

New Projects/Investments

Revenue Acceleration/Inflection

MNTN focuses on enabling small and mid-sized businesses (SMBs) to advertise on streaming TV, with 97% of its customers being new to TV advertising, effectively expanding the market.
The company's primary customer acquisition strategy involves using its own platform to stream MNTN-branded TV commercials to future customers, leading to over three-quarters of customers being inbound.
MNTN emphasizes performance marketing, with customers primarily focused on Return on Ad Spend (ROAS), and has developed Quick Frame AI to reduce the cost of TV ad creative by 10x and time by 100x.
MNTN's competitive advantages include delivering superior performance, proprietary creative tools like Quick Frame AI, advantageous pricing due to scale, and a significant investment in technology, with 50% of its employees being engineers.
The company reported gross margin growth of 720 basis points year over year and plans to continue expanding adjusted EBITDA margins while balancing revenue growth.

Nov 18, 2025, 6:20 PM

Transcript

MNTN Reports Strong Q3 2025 Results, Achieves First GAAP Profitability in Four Years, and Provides Optimistic Q4 Guidance

MNTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

MNTN reported strong Q3 2025 financial results, with revenue reaching $70 million, a 31% year-over-year increase (adjusted for divestiture), and achieved its first GAAP profitable quarter in four years with net income of $6.4 million and $0.09 GAAP EPS.
Adjusted EBITDA grew 52.9% year-over-year to $16 million in Q3 2025, with the Adjusted EBITDA margin expanding to 22.8%, supported by a gross margin increase to 79%.
The company issued Q4 2025 guidance, projecting revenue between $85.5 million and $86.5 million (midpoint $86 million), representing 34% year-over-year growth (normalized), and Adjusted EBITDA between $25 million and $26 million.
Customer growth remains robust, with active PTV customers increasing 67% year-over-year to 3,316 (trailing 12 months), and an expansion rate exceeding 115%.
Strategic initiatives include the recent launch of QuickFrame AI to simplify TV ad creative production and continued success in attracting small and medium-sized businesses, with 97% of MNTN customers being new to TV advertising.

Nov 4, 2025, 9:30 PM

Transcript

MNTN Announces Q3 2025 Results

MNTN

Earnings

Revenue Acceleration/Inflection

MNTN reported $70.0 million in total revenue for Q3 2025.
The company achieved a 31% year-over-year adjusted total revenue growth for Q3 2025.
Gross Margin for Q3 2025 was 78.9%.
Adjusted EBITDA for Q3 2025 was $16.0 million, representing an Adjusted EBITDA Margin of 23%.
Diluted Earnings Per Share (EPS) for Q3 2025 was $0.08.

Nov 4, 2025, 9:30 PM

Presentation

MNTN Reports Record Third Quarter 2025 Results

MNTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

MNTN reported record third quarter 2025 revenue of $70.0 million, reflecting a 31% year-over-year growth adjusted for the Maximum Effort divestiture.
The company achieved positive net income of $6.4 million in Q3 2025, compared to a net loss of $3.9 million in the prior year period.
Adjusted EBITDA increased 53% year-over-year to $16.0 million, representing 23% of revenue in Q3 2025.
MNTN concluded the quarter with $179 million in cash and cash equivalents and no outstanding borrowings.
For Q4 2025, the company expects revenues between $85.5 million and $86.5 million and Adjusted EBITDA between $25.0 million and $26.0 million.

Nov 4, 2025, 9:09 PM

8-K

MNTN Reports Record Third Quarter 2025 Results

MNTN

Earnings

Guidance Update

Revenue Acceleration/Inflection

MNTN reported record third quarter 2025 revenue of $70.0 million, representing a 31% year-over-year growth when adjusted for the Maximum Effort divestiture.
The company achieved a gross margin of 79% (up from 72% in Q3 2024), net income of $6.4 million (compared to a net loss in the prior year), and Adjusted EBITDA of $16.0 million, a 53% year-over-year increase.
MNTN ended the third quarter of 2025 with $179 million in cash and cash equivalents and no outstanding borrowings.
For the fourth quarter of 2025, MNTN expects revenues between $85.5 million and $86.5 million and Adjusted EBITDA between $25.0 million and $26.0 million.

Nov 4, 2025, 9:05 PM

Press Release

MNTN Discusses Growth, Technology, and Market Opportunity at Citi's 2025 Global TMT Conference

MNTN

Revenue Acceleration/Inflection

New Projects/Investments

Product Launch

MNTN operates as a performance Connected TV (CTV) ad platform, primarily serving small and mid-sized e-commerce companies, travel brands, and subscription services, a segment previously underserved by traditional TV advertising.
The company has demonstrated significant customer growth, with its customer base expanding by 85% year-over-year, and 97% of its advertisers being new to TV advertising.
MNTN differentiates itself through its advanced targeting and measurement technology, which enables it to lower minimum advertising thresholds and drive customer acquisition, contributing to its consistent growth of approximately 35% quarter-over-year.
Financially, MNTN has been profitable for 24 out of the last 27 quarters and maintains a strong net retention rate of 112%.
The company is enhancing its platform with new AI tools, including the upcoming QuickFrame AI, to simplify TV commercial creation for its customers.

Sep 3, 2025, 3:52 PM

Earnings Transcripts

Quarterly earnings call transcripts for MNTN.

Q3 2025

Nov 4, 2025

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Q2 2025

Aug 5, 2025

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