"MNTN, Inc., a leading technology platform in the Connected TV advertising sector, is revolutionizing how brands approach television advertising by making it as measurable and performance-driven as digital marketing. The company reported a strong third quarter for 2025, with revenue increasing by 31% year-over-year to $70 million, and a significant improvement in gross margin to 79%. MNTN also achieved a positive net income of $6.4 million, a notable turnaround from a net loss in the previous year."
"Adjusted EBITDA saw a substantial rise of 53% year-over-year, reaching $16 million, which represents 23% of the revenue. The company ended the quarter with $179 million in cash and no outstanding borrowings, highlighting its robust financial position. MNTN's strategic initiatives included the launch of QuickFrame AI, a video-production platform, and a partnership with PubMatic to expand its Connected TV supply."
"The company also experienced a 67% increase in active Performance TV customers over the past year, indicating strong demand for its services. Looking ahead, MNTN's management remains optimistic about future growth, with expectations of continued revenue and EBITDA increases in the fourth quarter of 2025."
MNTN reported Q3 2025 revenue of $70 million, up 31% year-over-year, with gross margin improving to 79%. Net income was $6.4 million, representing a turnaround from a prior-year loss. Adjusted EBITDA increased 53% year-over-year to $16 million, or 23% of revenue. The company ended the quarter with $179 million in cash and no outstanding borrowings. Strategic initiatives included launching QuickFrame AI and partnering with PubMatic to expand Connected TV supply. Active Performance TV customers rose 67% year-over-year, and management expects continued revenue and EBITDA growth in Q4 2025.
Read at TipRanks Financial
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