MNTN, Inc. ( MNTN ) Q3 2025 Earnings Call November 4, 2025 4:30 PM EST Company Participants Brinlea Johnson Mark Douglas - Founder, President, CEO & Chairman of the Board Patrick Pohlen - Chief Financial Officer Conference Call Participants Shyam Patil - Susquehanna Financial Group, LLLP, Research Division Robert Coolbrith - Evercore ISI Institutional Equities, Research Division Andrew Boone - Citizens JMP Securities, LLC, Research Division Andrew Marok - Raymond James & Associates, Inc., Research Division Robert Sanderson - Loop Capital Markets LLC, Research Division Matthew Cost - Morgan Stanley, Research Division Presentation Operator Hello, and welcome to the MNTN Third Quarter 2025 Results Conference Call. [Operator Instructions] I would now like to turn the call over to Brinlea Johnson.
MNTN, Inc. (NYSE:MNTN ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 10:50 AM EDT Company Participants Mark Douglas - Founder, President, CEO & Chairman of the Board Conference Call Participants Ronald Josey - Citigroup Inc., Research Division Presentation Ronald Josey MD and Co-Head of Tech & Communications Thank you, everyone, for joining. My name is Ron Josey.
MNTN CEO Mark Douglas joins ‘Mad Money' host Jim Cramer to talk it's first earnings report after going public, customer growth, competing in the tv space and more.
MNTN offers strong fundamentals and a compelling long-term growth narrative for SMB-focused adtech. Key Q2 earnings metrics to watch are revenue growth, gross margin stability near 70%, and continued efficiency in go-to-market efforts. MNTN trades at a discount to peers, with valuation upside if they execute on growth, and remains a potential acquisition target.
Mark Douglas, MNTN CEO, joins 'The Exchange' to discuss Netflix post-earnings, its potential ad boost from AI and more.
MNTN democratizes TV advertising for SMBs with a software-driven, performance-focused platform, disrupting a market traditionally dominated by large brands. Strong revenue growth, healthy gross margins, and positive cash flow highlight the Company's solid financials, with IPO proceeds boosting balance sheet strength. Valuation is attractive relative to peers like The Trade Desk, and MNTN could be a compelling acquisition target for larger adtech players.
MNTN offers a strong growth story, aiming to revolutionize TV advertising for smaller brands through targeted, data-driven solutions. The company has shown accelerating revenue growth and is nearing breakeven, which excites investors and drove a strong IPO debut. Despite the promise, I remain cautious due to a lack of profitability, high valuation, and significant competitive and industry risks.
Two VC-backed companies debuted on US exchanges this week, both of which priced at the top of the range and traded up. Seven companies filed for traditional IPOs this week, including three sizable deals. In addition, four micro-caps filed for US IPOs, along with four SPACs.
MNTN, Inc. is seeking $100 million in an IPO to fund growth, technology development, and potential acquisitions, with a focus on mid-sized businesses. The company has shown substantial revenue growth, increased gross profit, and nearly achieved operating breakeven, with $32.6 million in free cash flow for 2024. MNTN benefits from the growing CTV advertising market, expected to surpass linear TV, and targets advertisers new to TV advertising.
Four IPOs and four SPACs listed this week. Four IPOs and two SPACs submitted initial filings. The March IPO market is set to start off with a quiet week.
MNTN, a connected TV marketing platform that has Ryan Reynolds as its chief creative officer, filed for an initial public offering in the United States on Friday.
MNTN CEO Mark Douglas joins CNBC's ‘The Exchange' to discuss Disney as the company reported its fiscal fourth-quarter earnings, the performance of its streaming business, and more.