MNTN (NYSE:MNTN) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

MNTN (NYSE:MNTN) announced its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08), Zacks reports. MNTN had a return on equity of 19.44% and a net margin of 18.00%.The business had revenue of $82.54 million during the quarter, compared to the consensus estimate of $82.34 million. During the same quarter in the prior year, the company earned ($0.65) earnings per share. MNTN’s revenue was up 20.5% compared to the same quarter last year.

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

• Strong Q2 results: Revenue rose 21% year over year to $82.5 million, while adjusted EBITDA increased 48% to $21.5 million, both at the high end of guidance. Gross margin expanded to 80% and adjusted EBITDA margin reached 26.1%.
• MNTN ended the quarter with 4,225 active Performance TV customers, up approximately 40% year over year, while customer expansion remained above 115%, indicating continued budget growth among existing customers.
• Early adoption of new growth products is encouraging, with more than 7,000 MNTN Express signups and over 73,000 year-to-date QuickFrame AI signups. Management expects Express and Premium to become more meaningful revenue contributors in 2027, while QuickFrame may also create a funnel for the core Performance TV business.
• Management reiterated full-year 2026 revenue guidance of $347 million to $357 million and adjusted EBITDA guidance of $96 million to $101 million, while forecasting third-quarter revenue growth of 25% at the midpoint.
• The board authorized a stock repurchase program of up to $100 million through August 2027, supported by a balance sheet with $237 million in cash and no borrowings outstanding.

MNTN Trading Up 0.4%

NYSE MNTN traded up $0.04 on Thursday, hitting $10.47. 437,546 shares of the company’s stock traded hands, compared to its average volume of 958,675. The firm’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $9.42. The firm has a market capitalization of $638.77 million, a PE ratio of 14.70 and a beta of 0.71. MNTN has a 1-year low of $7.67 and a 1-year high of $27.49.

Institutional Investors Weigh In On MNTN

A number of institutional investors have recently added to or reduced their stakes in MNTN. Aster Capital Management DIFC Ltd purchased a new stake in shares of MNTN during the fourth quarter worth approximately $43,000. Los Angeles Capital Management LLC purchased a new stake in MNTN in the 4th quarter valued at about $53,000. Royal Bank of Canada boosted its stake in MNTN by 2,093.6% during the fourth quarter. Royal Bank of Canada now owns 5,857 shares of the company’s stock worth $70,000 after buying an additional 5,590 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of MNTN during the third quarter valued at about $86,000. Finally, Barclays PLC raised its stake in shares of MNTN by 2,341.4% in the 4th quarter. Barclays PLC now owns 9,326 shares of the company’s stock valued at $111,000 after acquiring an additional 8,944 shares during the period. Institutional investors and hedge funds own 72.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MNTN. Tigress Financial reissued a “strong-buy” rating and set a $26.00 price objective on shares of MNTN in a research report on Wednesday, June 3rd. Wall Street Zen raised MNTN from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 20th. Morgan Stanley reduced their price objective on MNTN from $20.50 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Canaccord Genuity Group lowered their price target on MNTN from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $15.00 target price on shares of MNTN in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MNTN has an average rating of “Moderate Buy” and a consensus target price of $19.35.

About MNTN

MNTN is a software platform specializing in connected television (CTV) advertising, offering marketers the tools to plan, launch and measure streaming TV campaigns. Its platform enables brands to reach audiences across major OTT and CTV channels, helping advertisers target viewers based on demographic, behavioral and contextual data.

The company’s core product suite includes campaign management, real-time bidding and performance analytics. MNTN integrates with leading streaming services and ad exchanges, allowing clients to execute programmatic buys, track view-through conversions and optimize media spend through automated reporting dashboards.

Founded by experienced digital advertising professionals, MNTN is headquartered in Austin, Texas, and primarily serves brands and agencies across the United States and Canada.