MNTN Q2 revenue slightly beats estimates on customer growth

MNTN

04/08/2026 21:42

Overview
US Connected TV ad platform's Q2 revenue grew 21%, slightly beating analyst expectations
Gross profit for Q2 beat analyst estimates; operating income missed expectations
Company authorized $100 mln stock repurchase program

Outlook
MNTN sees Q3 revenue between $86 mln and $89 mln
Company expects Q3 Adjusted EBITDA of $22 mln to $25 mln
MNTN forecasts 2026 revenue of $347 mln to $357 mln

Result Drivers
CUSTOMER GROWTH - Active Performance TV customers grew 40% year-over-year, reflecting expansion across small and mid-sized business customer base
PLATFORM INVESTMENT - Co cited expansion of its platform, AI integration, and new partnerships as supporting growth
GROSS MARGIN IMPROVEMENT - Gross margin rose to 80% from 77% in Q2 2025, attributed to operating leverage as the company scales

Company press release: ID:nBw3V4pyMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$82.54 mln
$82.45 mln (9 Analysts)
Q2 Net Income
 
$6.72 mln
 
Q2 Gross Profit
Beat
$66.30 mln
$0.19 (9 Analysts)
Q2 Operating Income
Miss
$7.12 mln
$15.68 mln (7 Analysts)
Q2 Pretax Profit
 
$9.16 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $18.50, about 94.1% above its August 3 closing price of $9.53

Reuters Recommended Reads
Aug 3 - Snap beats revenue estimates on ad boost from World Cup, shares surge
Aug 4 - Spotify forecasts weak profit as user growth slows in North America, Europe
Aug 3 - UK's SEEEN 2025 revenue rises on YouTube contract

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.)