MNTN
MNTN, Inc.11.87
-0.23-1.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details AI traction, competitive moat
Q&A largely reaffirmed the prepared script's growth story and 36% revenue surge, but surfaced Quick Frame AI's swift 5,000-user uptake in its first month via integrations like Sora 2 and Gemini for pro creatives. Management shrugged off rivals chasing SMB performance TV, touting data-driven targeting edge. Expanded Magnite partnership adds paused ads and live sports inventory. SDR hires chase SMB demos amid flat headcount. Long-term gross margins pegged at 75-80%, EBITDA 35-40%. AI tools hooked users fast. Bullish outlook; investors eye downmarket execution.
Key Stats
Market Cap
869.16MP/E (TTM)
-Basic EPS (TTM)
-0.61Dividend Yield
0%Recent Filings
10-K
FY2025 results
MNTN delivered FY2025 revenue of $290M, up 28.6% y/y, fueled by PTV platform growth with PTV Customers surging 63.2% y/y to 3,632 amid SMB expansion; Q4 drove 30.0% of annual revenue, matching seasonality. Gross profit climbed 38.6% to $224M (77.2% margin), while operating income flipped to $24M from a $1.6M loss, reflecting scale. Adjusted EBITDA hit $68M (23.4% margin, up from 17.2%), aided by IPO cash of $210M and $49M revolver capacity. Q4 accelerated customer adds, yet seasonality lingers. Dependence on CTV growth risks quarterly momentum.
8-K
Record Q4 revenue, margins up
MNTN crushed Q4 and full-year 2025, posting revenue of $87.1M (up 36% YoY adjusted) and $284.7M annually, with gross margins hitting 82% and 77%. Adjusted EBITDA soared to $28.1M and $68.0M, fueled by 63% customer growth to 3,632 active PTV users post-Maximum Effort divestiture. Cash swelled to $210M, debt-free. Q1 '26 revenue outlook: $71.3M-$73.3M.
10-Q
Q3 FY2025 results
MNTN swung to Q3 operating income of $7.5M, up from $0.4M (derived), on revenue up 22.6% y/y to $70.0M, driven by PTV growth despite creative revenue drop after divesting Maximum Effort Marketing on April 1, 2025. Gross margins expanded to 78.9% from 71.7% as cost of revenues fell 8.6% y/y. Diluted EPS hit $0.08 from a $0.28 loss, confirmed against 80.7M shares with anti-dilution from options and warrants. Cash swelled to $179.2M post-IPO, with $47.3M revolver availability and no debt; YTD OCF $26.9M. Yet competition in CTV advertising intensifies.
8-K
MNTN Q3 revenue up 31%
10-Q
Q2 FY2025 results
MNTN swung to an operating profit of $3.7M in Q2 FY2025 ended June 30, 2025, up from a $2.3M loss y/y, while revenue climbed 24.9% y/y to $68.5M on 85% more active PTV customers, though average spend dipped amid SMB expansion. Gross margin expanded to 76.8% from 69.6%, fueled by platform efficiencies, but net loss widened to $26.2M from $9.3M due to a $26.4M debt extinguishment loss and $28.7M other expenses from fair-value swings on warrants and derivatives—net exceeding operating by over 20%, tied to those non-cash items. Cash swelled to $175.2M post-IPO, with $17.6M YTD operating cash flow and $47.1M revolver availability; the May 2025 IPO closed for $114.8M net proceeds (cash), converting all preferred and debt shares. Yet seasonal ad fluctuations pose ongoing risks.
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