By Elias Schisgall
Shares of MNTN surged after the company swung to a profit in the fourth quarter, beating Wall Street estimates.
Shares jumped 34% to $10.90 in pre-market trading Wednesday. The stock is down 69% over the past year.
The TV advertising platform company on Wednesday recorded a profit of $34.5 million, or 43 cents a share, compared with a loss of $4 million, or 28 cents a share, a year earlier.
Revenue rose to $87.1 million, up from $69.8 million a year earlier.
Analysts surveyed by FactSet were expecting earnings of 24 cents a share and $86.2 million in revenue. The company had guided for revenue between $85.5 million and $86.5 million.
For the current first quarter, MNTN is expecting revenue of between $71.3 million and $73.3 million. Analysts had expected $74.7 million.
The company is forecasting full-year revenue of between $345 million and $355 million, compared with analysts' estimate of $345.5 million.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 11, 2026 08:21 ET (13:21 GMT)
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