MNTN (NYSE:MNTN) Issues Earnings Results

Posted by Francis Steltz on Nov 6th, 2026

MNTN (NYSE:MNTN – Get Free Report) posted its earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10), Zacks reports. MNTN had a net margin of 17.81% and a return on equity of 18.46%. The company had revenue of $80.25 million during the quarter, compared to the consensus estimate of $87.77 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year.

Here are the key takeaways from MNTN’s conference call:

MNTN missed Q3 guidance: revenue was $80.3 million versus $86–$89 million expected, and adjusted EBITDA was $19.9 million versus $22–$25 million. Q4 guidance is $75–$78 million in revenue and $8–$10 million in adjusted EBITDA; full-year revenue guidance was cut to $311–$314 million.
CEO Tony Weisman attributed the slowdown primarily to sales execution: compensation and organizational changes led to the loss of about 40% of experienced quota-carrying sellers, reducing new-business opportunities. MNTN has changed the plans and hired 16 sellers, but expects the disruption to continue into Q4 while new hires ramp.
Existing customers continued to spend and expand, with the company’s expansion rate remaining well above 115%; management said the shortfall was concentrated in new customers. MNTN also reported a 79% gross margin and said it continues to win head-to-head pitches at prior rates.
Despite the revenue shortfall, Q3 revenue grew 15% year over year and adjusted EBITDA rose 24% to $19.9 million, with a 24.8% margin. MNTN ended the quarter with $252 million in cash and no borrowings.

MNTN Price Performance

Shares of MNTN traded up $0.38 during trading hours on Friday, reaching $5.08. 1,247,506 shares of the company’s stock traded hands, compared to its average volume of 971,012. The firm has a market capitalization of $314.40 million, a price-to-earnings ratio of 6.96 and a beta of 1.17. MNTN has a twelve month low of $4.60 and a twelve month high of $14.89. The business’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $9.94.

Analysts Set New Price Targets

A number of research firms recently weighed in on MNTN. Morgan Stanley set a $16.00 price objective on shares of MNTN in a report on Monday, August 10th. Susquehanna decreased their target price on shares of MNTN from $20.00 to $12.00 and set a “positive” rating for the company in a research report on Thursday. Tigress Financial dropped their price target on shares of MNTN from $26.00 to $22.00 and set a “strong-buy” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of MNTN from a “hold” rating to a “buy” rating in a research note on Monday, September 28th. Finally, Weiss Ratings raised MNTN from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MNTN currently has an average rating of “Hold” and an average target price of $15.30.

Get Our Latest Report on MNTN

Insiders Place Their Bets

In related news, major shareholder Baroda Ventures Llc sold 275,115 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $12.75, for a total value of $3,507,716.25. Following the completion of the sale, the insider owned 6,375,543 shares of the company’s stock, valued at $81,288,173.25. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 335,555 shares of company stock valued at $4,266,038 over the last three months. Corporate insiders own 19.60% of the company’s stock.

Key MNTN News

Here are the key news stories impacting MNTN this week:

Positive Sentiment: Susquehanna kept a positive rating, although it cut its price target to $12 from $20. That target remains above the recent share price, but the reduction reflects a more cautious outlook. Article: MNTN Stock Price Target Lowered at Susquehanna
Neutral Sentiment: CEO Tony Weisman and CFO Patrick Pohlen plan to meet investors at upcoming industry conferences. The announcement provides opportunities to discuss the company’s plans but does not itself change its financial outlook. Article: MNTN to Participate in Upcoming Investor Conferences
Negative Sentiment: Third-quarter adjusted EPS was $0.10, below analyst estimates reported at $0.20–$0.25, and revenue of $80.25 million fell short of the $87.77 million estimate. Though revenue grew 14.6% year over year, sales execution challenges and sales-team disruption prompted a lower full-year outlook; fourth-quarter revenue is expected to be $75 million to $78 million. Article: MNTN Shares Plummet as Go-to-Market Issues Prompt Guidance Cut
Negative Sentiment: Evercore, Raymond James and Citizens JMP downgraded their ratings, adding to concerns about weaker near-term execution. Susquehanna’s target cut also underscores reduced expectations, despite its positive rating.
Negative Sentiment: Several law firms announced investigations into potential securities-law violations related to MNTN’s disclosures about sales-organization changes and their effects on growth. These are investigations, not findings of wrongdoing, but may add uncertainty for investors. Article: Kehoe Law Firm Investigating MNTN

About MNTN

(Get Free Report)

MNTN, Inc is an advertising technology company that provides software for planning, launching, measuring and optimizing connected television (CTV) advertising campaigns. Its platform is designed to help businesses use television advertising with the targeting, automation and performance measurement capabilities commonly associated with digital marketing.

The company’s products support campaign creation, audience targeting, media buying and analytics across streaming television environments.