MNTN

MNTN

Optimizes television ads via Performance TV

About MNTN

Simplify's Rating
Why MNTN is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

501-1,000

Company Stage

Series D

Total Funding

$175.6M

Headquarters

Los Angeles, California

Founded

2009

Overview

MNTN provides Performance TV, a software that optimizes connected TV advertising to drive measurable results for brands. It runs about 651,000 optimization cycles daily, adjusting bidding, placements, and creative elements to improve campaign performance and ROI. The company earns revenue by charging clients for using the platform to run and optimize their TV campaigns, emphasizing a TV-focused approach and rapid optimization cadence, with credibility aided by industry recognition and partnerships such as with the BWT Alpine F1 Team. The goal is to help brands maximize return on ad spend through data-driven Connected TV campaigns.

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Simplify's Take

What believers are saying

  • Customer base grew 63% in Q4 2025; 96% are SMBs new to TV advertising.
  • Magnite partnership grants access to premium live sports and news inventory January 2026.
  • 2026 guidance projects $345M-$355M revenue and $100M adjusted EBITDA with 82% gross margins.

What critics are saying

  • Revenue growth decelerated from 36% to 25% Q4-Q1; SMB customer churn risk during downturns.
  • Stock collapsed 70% from IPO despite profitability; lock-up expiration enabled insider selling pressure.
  • Programmatic platforms add performance features; QuickFrame AI commoditizes creative, reducing customer switching costs.

What makes MNTN unique

  • Performance TV platform optimizes CTV campaigns with 651,000 daily optimizations for measurable ROI.
  • GA4 integration uniquely tracks verified visits and conversions alongside other marketing channels.
  • QuickFrame AI 3.0 generates broadcast-quality TV commercials in minutes with multi-scene storyboarding.

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Funding

Total Funding

$175.6M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$119M
MNTN

Benefits

Remote Work Options

Flexible Work Hours

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Sabbatical Leave

Competitive compensation

100% healthcare coverage

401(k) Retirement Plan

Flexible Spending Account/Flexible Spending Account

Wellness Program

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Business Wire
Mar 10th, 2026
MNTN hires first CRO and global content head to accelerate Connected TV growth

MNTN, a performance marketing platform for Connected TV, has appointed two senior executives to support its growth. Garland Hill joins as the company's first Chief Revenue Officer, whilst Peter Blacker becomes Global Head of Premium Content. Hill previously served as Head of Growth Business at TikTok, where he scaled the mid-market division from zero to over $1 billion in revenue. He also held enterprise customer leadership roles at Meta. Blacker joins from NBCUniversal, where he spent 20 years and most recently led Streaming and Data Products, playing key roles in Peacock's launch and premium content monetisation. The appointments come as MNTN expands access to premium TV inventory, including live sports and news, for small and mid-sized businesses.

Yahoo Finance
Feb 27th, 2026
MNTN achieves record net income with 63% customer growth, projects $100M adjusted EBITDA for 2026

MNTN Inc. has reported record fourth-quarter results for 2025, with revenue surging 36% year-over-year to $87.1 million. The connected TV advertising platform achieved its first quarterly positive net income whilst expanding gross margins to 82%. The company's Performance TV platform saw active customers jump 63% to 3,632, driven by strong adoption amongst small and mid-sized businesses. Full-year adjusted EBITDA reached $68 million, despite a $6.4 million net loss attributed to IPO-related charges. For 2026, MNTN has issued revenue guidance of $345 million to $355 million and expects adjusted EBITDA of nearly $100 million. The company is deploying generative AI tools through QuickFrame AI to streamline customer onboarding and enhance campaign performance in the CTV advertising market.

The Associated Press
Jan 26th, 2026
Freshpaint and MNTN partner to bring privacy-first attribution to connected TV for healthcare marketers

Freshpaint, a healthcare marketing performance platform, has partnered with MNTN to enable privacy-compliant Connected TV advertising for healthcare marketers. The integration allows organisations to measure CTV campaign performance whilst maintaining HIPAA compliance and protecting patient data. Freshpaint captures conversions using privacy-first behavioural data, ensuring no Protected Health Information leaves the healthcare organisation's environment. Only de-identified conversion signals are sent to MNTN for campaign optimisation and reporting. The partnership addresses a longstanding challenge for healthcare marketers, who have typically found CTV too complex to measure and navigate whilst maintaining privacy compliance. Healthcare organisations can now attribute campaigns to specific actions like appointment bookings and purchases, proving return on investment without exposing sensitive patient information.

Yahoo Finance
Jan 22nd, 2026
Magnite partners with MNTN for CTV ads despite 25% share price decline

Magnite has partnered with MNTN to give advertisers access to premium streaming content, including live sports and news, with new ad formats and AI-driven targeting. Despite the partnership, Magnite's shares have declined 13% over 30 days and 25% over 90 days. The company reported revenue of $702.6 million and net income of $58 million. Shares trade at a price-to-earnings ratio of 35.4x versus the US media industry average of 14.3x, suggesting overvaluation by traditional metrics. However, a discounted cash flow model estimates intrinsic value at $48.91 per share, compared to the current price of $14.29, indicating potential undervaluation. The company's one-year total shareholder return stands at negative 13%, whilst the five-year return shows a 61% decline.

Defense World
Nov 11th, 2025
MNTN Lock-Up Ends; $187.2M IPO

MNTN Inc.'s (NYSE:MNTN) lock-up period ends on November 18th, allowing major shareholders and insiders to sell shares. MNTN issued 11.7 million shares in its IPO on May 22nd, raising $187.2 million at $16 per share. Analysts have mixed ratings, with a consensus "Moderate Buy" and a price target of $27.15. MNTN shares opened at $13.93, with a 12-month range of $13.30 to $32.49. Institutional investors own 72.9% of the stock.

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