MNTN reported third-quarter 2026 adjusted earnings of $0.10 per share, missing the $0.25 consensus, and cut its full-year revenue outlook due to sales execution challenges. The investigation concerns whether the Company adequately disclosed these underlying problems before the results were released.

NEW YORK, Nov. 5, 2026 /PRNewswire/ — MNTN, Inc.’s (NYSE: MNTN) third-quarter 2026 results fell short of analyst expectations, with revenue of approximately $80.3 million missing consensus estimates and management lowering its full-year revenue outlook. If you purchased MNTN stock and suffered losses following the Company’s November 4, 2026 earnings announcement, you may have legal rights. Investors who lost money are encouraged to submit their loss details now. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Revenue also fell short of expectations. MNTN reported $80.3 million in revenue, below its own guidance range of $86 million to $89 million. That was approximately $7.4 million, or 8.4%, below the $87.7 million consensus estimate. Adjusted EBITDA was $19.9 million, missing the Company’s guidance range of $22 million to $25 million by $2.1 million at the low end.

Analysts followed the report with downgrades and price-target cuts. Levi & Korsinsky is investigating potential securities law violations on behalf of MNTN investors who suffered losses tied to the third-quarter results.

Shareholders who absorbed losses after the MNTN earnings miss can request a no-cost review of their losses or call (212) 363-7500.

Levi & Korsinsky, LLP — Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Billions recovered.

Frequently Asked Questions About the MNTN Investigation

Q: How much did MNTN stock drop?A: MNTN shares plunged approximately 45% in premarket trading on November 5, 2026, following the Company’s third-quarter 2026 results and reduced full-year revenue guidance. Revenue was $80.3 million, below the Company’s guidance of $86 million to $89 million, while adjusted earnings were $0.10 per share against a $0.25 consensus estimate. Investors who purchased MNTN shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether MNTN made materially false or misleading statements regarding its revenue outlook, sales operations, and ability to sustain growth. Specifically, the investigation examines whether the Company adequately disclosed problems within its go-to-market organization, including sales compensation changes that contributed to significant salesforce attrition and impaired new-customer acquisition. These issues came to light when MNTN reported third-quarter 2026 results below its own guidance and reduced its full-year revenue outlook.

Q: What do MNTN investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate?A: You need brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my MNTN shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought MNTN and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. If you choose to participate in any resulting action, these matters are generally handled on a contingency basis. Any attorneys’ fees and expenses are subject to court approval.

Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP