MNTN Reports Q3 Revenue Miss and Issues Lower Q4 Guidance
MNTN reported third-quarter revenue of $80.3 million, falling short of the company's previously issued guidance range of $86 million to $89 million. Adjusted EBITDA also missed expectations, coming in at $19.9 million against a projected range of $22 million to $25 million. Looking ahead to the fourth quarter, the company has provided a revised revenue outlook of $75 million to $78 million. CEO Tony Weisman indicated that these results are part of an ongoing go-to-market reset intended to realign the company's strategic direction.
Tickers: $MNTN
Topics: EBITDA miss quarterly earnings revenue guidance miss