Quarterly ResultMay 5, 2026, 04:13 PM
MNTN Q1 Revenue $73.7M, Net Income $8.8M, Adj. EBITDA +74%
AI Summary
MNTN, Inc. reported strong financial results for the first quarter ended March 31, 2026, with revenue growing 25% year-over-year to $73.7 million, adjusted for the divestiture of Maximum Effort. The company achieved a positive net income of $8.8 million, a significant improvement from a net loss in the prior year, and Adjusted EBITDA increased by 74% to $16.3 million. MNTN also provided a positive outlook for Q2 and the full year 2026, driven by continued adoption of its Performance TV platform and strategic investments.
Key Highlights
- Q1 2026 revenue grew 25% year-over-year to $73.7 million, adjusted for divestiture.
- Q1 2026 gross margin improved to 81% from 69% in Q1 2025.
- Q1 2026 positive net income of $8.8 million, compared to a $21.1 million net loss in Q1 2025.
- Q1 2026 Adjusted EBITDA grew 74% year-over-year to $16.3 million.
- Ended the quarter with $214 million in cash and cash equivalents, with no borrowings.
- Active Performance TV customers grew 46% year-over-year to 3,874.
- Q2 2026 revenue outlook is $81 million to $83 million, with Adjusted EBITDA of $19 million to $22 million.
- Full year 2026 revenue outlook is $347 million to $357 million, with Adjusted EBITDA of $96 million to $101 million.