NEW YORK--(BUSINESS WIRE)--MNTN (NYSE: MNTN), a technology platform that brings performance marketing to Connected TV, today announced that CEO Mark Douglas will present and host one-on-one investor meetings along with CFO Patrick Pohlen at the following investor conference: 28th Annual Needham Growth Conference Date: Wednesday, January 14, 2026 Location: New York, NY Presentation: 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) The live webcast of the presentation and any related materials ca. ...

MNTN Inc. (NYSE:MNTN) is one of the best beaten-down technology stocks to buy according to hedge funds. On December 4, analysts at Canaccord Genuity reiterated a Buy rating and a $20 price target on MNTN Inc. (NYSE:MNTN). Cannaccord Genuity Flaunts MNTN Inc. (MNTN) Prospects in CTV Advertising Market According to the research firm, MNTN boasts of a strong position in the growing connected TV CTV advertising market. The company’s outlook remains strong, as the connected TV market is increasingly replacing ...

Core Viewpoint - The discussion highlights the potential benefits of a deal for Netflix, suggesting it enhances the bullish narrative around the company while also emphasizing the necessity of such a deal for competitors like Sky Dance and Paramount to build a challenging platform [2][3]. Group 1: Market Dynamics - The ad market is currently perceived as healthy, with ongoing growth opportunities, particularly due to advancements in AI that lower content creation costs [6][7]. - AI is seen as a tool that can help companies like Sky Dance and Paramount create content more efficiently, which could be a significant advantage in the competitive landscape [8]. Group 2: Competitive Landscape - There is a belief that consolidation in the industry, such as potential deals involving Warner Brothers, may not be anti-competitive, as larger offers could attract investor attention [5]. - Sky Dance is positioned as a strong contender in the market, driven by a passion for content rather than purely financial motives [9]. Group 3: Content Consumption Trends - Despite the rise of short-form content, traditional long-form shows remain central to consumer conversations, indicating that major productions will continue to dominate viewer engagement [11][13]. - The discussion suggests that while new content formats emerge, the cultural significance of flagship shows will persist, maintaining their relevance in social discussions [12].

MNTN Conference Call Summary Company Overview - **Company**: MNTN (NYSE:MNTN) - **Industry**: Digital Advertising, specifically focusing on streaming television as a marketing channel for small and mid-sized businesses (SMBs) [3][4] Key Points and Arguments Market Opportunity - MNTN targets small and mid-sized businesses, providing them access to streaming television advertising, a medium previously dominated by large brands [3][4] - Television is the largest consumer entertainment medium, with 5.5 billion people watching TV daily for an average of three hours, compared to 4 billion using social media [3] - 97% of MNTN's customers have never advertised on TV before, indicating a significant untapped market [4][16] Customer Base - Core customers include direct-to-consumer e-commerce brands and local businesses, such as car dealerships [7] - MNTN's platform allows these businesses to run highly targeted and measurable advertising campaigns across all ad-supported streaming networks in America [7][9] Technology and Platform - MNTN's platform is designed to be self-serve, eliminating the need for media buyers, which is crucial for SMBs [24] - The company utilizes AI and generative tools to help customers create professional-quality ads quickly and cost-effectively [24][28] - The platform includes advanced targeting technology and a programmatic bidding stack to optimize ad purchases [24][25] Competitive Position - MNTN positions itself as a growth channel for streaming networks, providing new revenue streams by attracting customers who have never advertised on TV [21][23] - The company has established strong partnerships with major ad-supported streaming networks, benefiting both MNTN and its partners [19][21] Financial Performance - MNTN has achieved margin expansion, with margins just under 80% due to reduced hosting costs and increased scale [36] - The business model is scalable, allowing for efficient customer acquisition and growth without significant changes to operations [38] Future Growth Drivers - Key growth factors include leveraging AI for efficiency, continuous product innovation, and expanding partnerships [41][42] - MNTN aims to make Performance TV a standard part of every marketer's toolkit, similar to search and email marketing [43][44] Additional Important Insights - The shift from linear TV to streaming TV allows for precise targeting of individual consumers, which was not possible before [9] - MNTN's focus on performance marketing differentiates it from traditional brand-oriented TV advertising, emphasizing outcome-based results [10][13] - The company is committed to capturing more of the mid-sized market while avoiding the enterprise segment [43] This summary encapsulates the key insights from the MNTN conference call, highlighting the company's unique position in the digital advertising landscape and its strategies for future growth.

Group 1 - MNTN Inc. is recognized as one of the best new tech stocks to buy, with a Buy rating and a price target of $20 initiated by Canaccord analyst Matthew Weber [1] - The company reported Q3 2025 revenue of $70 million, marking a 31% year-over-year increase, and achieved its first GAAP profitable quarter in four years with a net income of $6.4 million and GAAP EPS of $0.09 per share [2] - MNTN's Performance TV platform saw strong customer adoption, with Active PTV Customers reaching 3,316, representing a 67% year-over-year growth [2] Group 2 - For Q4, MNTN expects revenue guidance between $85.5 million and $86.5 million, indicating a 34% year-over-year growth at the midpoint [3] - The full-year 2025 revenue guidance is projected to be between $288.5 million and $289.5 million, reflecting a 35.5% year-over-year growth at the midpoint [3] - MNTN operates a technology platform that focuses on performance marketing in the Connected TV/CTV sector [3]

Summary of MNTN Conference Call Company Overview - **Company**: MNTN - **Industry**: Connected TV (CTV) Advertising Key Points Market Opportunity - MNTN identifies a significant market in television advertising, noting that 5.5 billion people watch TV, more than those who drive automobiles [4][4] - The company has created a new Total Addressable Market (TAM) by enabling small and mid-sized businesses (SMBs) to access television advertising, with 97% of MNTN's customers being new to TV advertising [4][4] Customer Acquisition Strategy - MNTN estimates that approximately 1.5 million small businesses in the U.S. can utilize streaming TV for advertising [5][5] - The platform is designed to attract customers by focusing on their desire for new traffic rather than just TV ads [5][5] - MNTN's primary lead generation comes from streaming its own branded TV commercials, leading to organic customer acquisition [9][9] Customer Engagement and Performance Metrics - Customers typically measure success through Return on Ad Spend (ROAS), aiming for a common target of $3,000 in revenue for every $1,000 spent [9][9] - The platform allows customers to create campaigns and measure their impact, which encourages increased spending as they see positive results [9][9] Creative Solutions - MNTN has introduced Quick Frame AI, significantly reducing the time and cost to create TV ads, making it accessible for SMBs [17][18] - The cost of creating a TV ad has decreased from thousands of dollars to hundreds, and the time required has been reduced from 40 days to less than a day [17][18] Competitive Landscape - MNTN emphasizes that the fastest-growing segment of the CTV industry is SMBs, which they have helped to create [20][20] - The company focuses on optimizing ad placements and measuring performance across various metrics, including audience engagement and revenue generation [21][21] Financial Performance - MNTN reported a gross margin increase of 7% year-over-year, with adjusted EBITDA margins expected to expand alongside revenue growth [46][46] Future Growth and Market Position - MNTN aims to continue expanding its market share by focusing on performance marketing for SMBs rather than competing in the enterprise space [51][51] - The company is committed to investing in technology and AI to enhance its platform and maintain its competitive edge [32][32] Misconceptions and Market Dynamics - A common misconception among investors is comparing MNTN to larger companies in the industry; MNTN's unique position is highlighted by the fact that 97% of its customers are new to TV advertising [61][61] - The company believes that while larger brands may dominate initial advertising budgets, the growth potential for SMBs remains significant and sustainable [63][63] Conclusion - MNTN is positioned as a leader in the CTV advertising space for SMBs, leveraging technology to provide accessible and effective advertising solutions, with a strong focus on performance metrics and customer satisfaction [4][4][20][20]

Core Insights - MNTN has been recognized as a 2025 Inc. Power Partner Award winner, highlighting its role in supporting entrepreneurs and aiding company growth in the B2B sector [1][2]. Company Overview - MNTN is a technology platform focused on performance marketing for Connected TV, making television advertising accessible and measurable for businesses [2][7]. - The company aims to simplify TV advertising, allowing brands to generate traffic, leads, and revenue effectively [4][7]. Recognition and Impact - The Inc. Power Partner Awards honor B2B organizations that excel in assisting startups and entrepreneurs across various business aspects, including hiring, compliance, and fundraising [3][4]. - MNTN's recognition reflects its commitment to helping small businesses navigate the complexities of advertising and marketing [4][5]. Innovations and Developments - MNTN has introduced QuickFrame AI, a creative orchestration engine that enables marketers to create complete TV commercials in minutes, enhancing the efficiency of ad production [5][14]. - The company has expanded its Partner Program to include over 40 leading performance marketing agencies, further solidifying its position in the market [5]. Market Position - MNTN's technology has allowed 97% of its brands to engage in television advertising for the first time, indicating a significant shift in the advertising landscape [5]. - The company continues to innovate with advancements in targeting technology and attribution systems, aiming to redefine advertising possibilities on television [5].

Financial Data and Key Metrics Changes - The company reported Q3 revenue of $70 million, representing a 31% year-over-year increase after adjusting for the divestiture of Maximum Effort [13] - Gross margin increased to 79%, up from 72% in Q3 of 2024, reflecting a 720 basis point improvement [14] - Adjusted EBITDA was $16 million, a 52.9% increase from $10.5 million in Q3 of 2024, with an adjusted EBITDA margin of 22.8% [16] Business Line Data and Key Metrics Changes - The Performance TV business averaged 39% year-over-year growth over the past six quarters [9] - The number of active Performance TV customers grew by 67% year-over-year, reaching 3,316 [15] - The average revenue per user (ARPU) for Q3 was $20,904, consistent with expectations [15] Market Data and Key Metrics Changes - The company is focused on small and medium-sized businesses, which now account for 15% of revenue, up from 6% in Q4 of the previous year [30] - The expansion rate for existing customers remains well above 115%, indicating strong customer retention and increased spending [15] Company Strategy and Development Direction - MNTN aims to democratize television advertising for small and medium-sized businesses, which have historically been excluded from TV advertising [3][4] - The company has built a self-serve platform that allows advertisers to launch and manage campaigns across over 200 premium streaming networks [5][11] - The introduction of QuickFrame AI is expected to lower creative costs and accelerate the ad creation process, enhancing customer engagement [8][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and the underlying health of the business, expecting Q4 revenue between $85.5 million and $86.5 million, representing a 34% year-over-year growth rate at the midpoint [17] - The company anticipates continued growth in the performance TV market, driven by increased customer adoption and improved marketing efficiency [19][20] Other Important Information - The company ended Q3 with $179 million in cash and cash equivalents and no debt outstanding [16] - The divestiture of Maximum Effort has positively impacted gross margins, contributing to the overall financial performance [14][42] Q&A Session Summary Question: What is driving the high growth rate in CTV? - Management highlighted accelerating new customer growth, improved targeting technology, and the launch of QuickFrame AI as key drivers of growth [19][20] Question: What impact do you expect from the QuickFrame AI launch? - QuickFrame AI is expected to shorten the time to go live for customers, lower creative costs, and increase the volume of creative produced [22][23] Question: Can you discuss the Q4 revenue guidance and its drivers? - The guidance reflects strong seasonal performance and ongoing customer acquisition efforts, with expectations for continued growth in the business [25][26] Question: How is the agency business performing? - The agency channel has grown organically, with a dedicated team now in place to support independent agencies focused on performance marketing [32][36] Question: What role do SSP partnerships play in your strategy? - SSP partnerships help fill gaps in supply relationships and enhance access to premium content, which is crucial for customer satisfaction [38][39]

Market Opportunity - MNTN's near-term market opportunity is approaching $120 billion[9, 11] - The U S performance advertising market is estimated at $285 billion with a '25-'27 CAGR of 9 7%[15] - The total U S advertising market is $399 billion with a '25-'27 CAGR of 6 8%[13] - The U S TV advertising market is $84 billion with a '25-'27 CAGR of 1 1%[17] Customer Acquisition and Performance - 97% of MNTN's customers never advertised on TV before[22, 23] - MNTN saw a 67% increase in active PTV customers[24] - Build with Ferguson generated $3 6 billion in advertiser revenue through MNTN campaigns[148, 150] - ThirdLove generated $12 2 million in advertiser revenue with MNTN, averaging a 7 85x ROAS from January 2023 to December 2024[156, 161] - Tarte generated $33 1 million in advertiser revenue with MNTN, with 13% of Tarte's total revenue being generated by MNTN[164] - woom generated $7 9 million in advertiser revenue with MNTN, representing 19% of woom's total U S DTC revenue from March 2023 to the end of 2024[171, 172] Financial Highlights - MNTN's revenue in 2024 was $226 million[99] - MNTN's adjusted EBITDA in 2024 was $39 million[101] - MNTN's client generated revenue from 2020 to 2024 was $25 2 billion[100] - Q3 2025 total revenue was $70 million, with a gross margin of 78 9%[106] - Q3 2025 adjusted EBITDA was $16 million, representing an adjusted EBITDA margin of approximately 23%[106]

Group 1 - MNTN, Inc. is perceived as a company with strong potential that is currently undervalued in the market, with Jim Cramer expressing surprise at its underperformance [1][2] - The company provides a technology platform for performance marketing on Connected TV, enabling brands to run TV ads efficiently and achieve measurable results [2] - Cramer believes MNTN is a good investment opportunity, stating he likes the stock at $20 and still supports it at $15, despite acknowledging past misjudgments [2] Group 2 - There is a suggestion that while MNTN has potential, other AI stocks may offer better upside potential and lower downside risk [2]