MNTN Q3 revenue $70M (+31% YoY), net income $6.4M, adjusted EBITDA $16M (+53%)

MNTN, Inc.

2025-Q3 EPS reported -$0.95 revenue$202,995,000

Revenue of $70.0M (adj. for Maximum Effort divestiture), up 31% YoY; GAAP revenue up 23% YoY.
Net income $6.4M vs loss of $3.9M in Q3 2024; adjusted EBITDA $16.0M, up 53% YoY.
Gross margin improved to 79% from 72% in Q3 2024, up 720 bps.
Active PTV customers (TTM) grew 67% YoY to 3,316.
Q4 2025 revenue guidance $85.5-86.5M; adjusted EBITDA guidance $25-26M.

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