MNTN Q3 revenue $80.3M (+15%) but Q4 guided down to $75-78M; CEO Mark Douglas replaced by Tony Weisman

MNTN, Inc.

Q3 2026 revenue $80.3M, up 15% YoY but decelerating from 21% in Q2 and 25% in Q1; gross margin 79%; net income $7.7M vs $6.4M in Q3 2025.
Adjusted EBITDA $19.9M (25% of revenue) vs $16.0M (23%) a year ago; $252.3M cash and no borrowings at Sept 30, 2026; active PTV customers 4,373, up ~32% YoY.
Q4 2026 outlook cut to $75-78M revenue and just $8-10M Adjusted EBITDA; FY26 revenue $311-314M (+10% ex-Maximum Effort, +8% GAAP), Adjusted EBITDA $66-68M.
CFO Patrick Pohlen attributed the quarter to "unforeseen execution problems in our go-to-market organization" and said guidance reflects realigning the sales organization.
CEO Mark Douglas succeeded by director Tony Weisman effective Nov 2, 2026; COO Christopher Innes also out. Douglas exits Dec 3 and Innes Dec 1 after 30 days paid leave.

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