MNTN Q2 revenue $68.5M (+25% YoY); Adj. EBITDA $14.5M (+92% YoY)

MNTN, Inc.

2025-Q2 EPS reported -$1.71 revenue$132,972,000

Performance TV revenue rose 35% YoY to $67.8M; gross margin improved to 77% from 70%.
Net loss of $26.2M included a $23M one-time IPO charge; adjusted EBITDA of $14.5M vs $7.6M.
Active Performance TV customers grew 85% YoY; cash and equivalents $175M with no debt.
Q3 guidance: revenue $69.5-70.5M (22.5% YoY midpoint); Adj. EBITDA $13.5-14.5M.
Completed NYSE IPO on May 22, 2025; 97% of 2025 new customers had never advertised on TV.

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