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MNTN Q3 revenue misses analyst expectations

By Reuters News


Overview

  • US CTV ad tech platform's Q3 revenue rose 15% yr/yr but missed analyst expectations

  • Tony Weisman appointed President and CEO, succeeding Mark Douglas


Outlook

  • MNTN expects Q4 revenue between $75 mln and $78 mln

  • Company sees Q4 adjusted EBITDA between $8 mln and $10 mln

  • MNTN forecasts 2026 revenue of $311 mln to $314 mln and adjusted EBITDA of $66 mln to $68 mln


Result Drivers

  • GO-TO-MARKET EXECUTION - Co said Q3 revenue growth was impacted by unforeseen execution problems in its go-to-market organization

  • CUSTOMER GROWTH - Active Performance TV customers grew approximately 32% yr/yr in the trailing twelve months ended September 30, 2026


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$80.25 mln

$87.66 mln (9 Analysts)

Q3 Net Income

$7.67 mln

Q3 Gross Profit

$63.25 mln

Q3 Operating Income

Miss

$8.74 mln

$18.38 mln (8 Analysts)

Q3 Pretax Profit

$11.38 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the advertising & marketing peer group is "buy"

  • Wall Street's median 12-month price target for MNTN, Inc. is $18.00, about 85% above its November 3 closing price of $9.73


Reuters Recommended Reads

  • Nov 2 - Roku Q3 revenue beats estimates on advertising, subscription growth

  • Nov 4 - Digital ad firm Taboola's Q3 revenue misses estimates

  • Nov 4 - AI shopping agents could threaten Amazon and Walmart's ad business


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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