MNTN Q1 revenue rises on continued adoption of Performance TV

MNTN

05/05/2026 21:46

Overview

US Connected TV ad tech platform's Q1 revenue grew 25% yr/yr, beating analyst expectations

Gross margin rose to 81% from 69% a year earlier

Company posted positive net income, driven by higher customer adoption and margin expansion

Outlook

MNTN expects Q2 2026 revenue between $81 mln and $83 mln

Company sees Q2 2026 Adjusted EBITDA between $19 mln and $22 mln

MNTN forecasts full-year 2026 revenue between $347 mln and $357 mln

Result Drivers

PERFORMANCE TV ADOPTION - Co said revenue growth was driven by continued adoption of Performance TV, especially among small and mid-sized businesses entering TV advertising for the first time

AI PLATFORM ENHANCEMENTS - Co said AI-powered features, including QuickFrame AI 3.0, improved targeting, creative, and optimization, supporting stronger advertiser performance

CUSTOMER BASE EXPANSION - Active Performance TV customers grew 46% yr/yr, reflecting continued expansion across small and mid-sized business customer base

Company press release: ID:nBwbbPTsda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$73.67 mln
$72.50 mln (9 Analysts)
Q1 Net Income
$8.76 mln
Q1 Gross Margin
81%
Q1 Gross Profit
Beat
$60.02 mln
$0.11 (9 Analysts)
Q1 Operating Income
Beat
$9.58 mln
$8.92 mln (7 Analysts)
Q1 Pretax Profit
$11.62 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $20.25, about 91.4% above its May 4 closing price of $10.58

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.)