MNTN (MNTN) is Gaining Market Share by Capitalizing on the Long-Term Connected TV Growth Trend

MNTN Inc. (NYSE:MNTN) is one of the best new tech stocks to buy right now. On December 4, Canaccord analyst Matthew Weber initiated coverage of MNTN with a Buy rating and $20 price target. Weber believes that the company is capitalizing on the long-term growth trend in connected TV/CTV and is successfully gaining market share for solving a critical market need.

Earlier in its Q3 2025 earnings report, MNTN recorded a revenue of $70 million, which was a 31% year-over-year increase after adjusting for the divestiture of Maximum Effort. The company achieved its first GAAP profitable quarter in 4 years, reporting net income of $6.4 million and GAAP EPS of $0.09 per share. This growth was driven by strong customer adoption of its Performance TV platform, with Active PTV Customers reaching 3,316, representing a 67% year-over-year growth.

For Q4 revenue guidance, the company expects a range of $85.5 to $86.5 million, which represents 34% year-over-year growth at the midpoint. For the full-year 2025, revenue guidance is projected to be between $288.5 and $289.5 million, reflecting 35.5% year-over-year growth at the midpoint.

MNTN Inc. (NYSE:MNTN) operates a technology platform that brings performance marketing to Connected TV/CTV.

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Disclosure: None. This article is originally published at Insider Monkey.