MNTN's second quarter revenue of $82.5M beat estimates, but EPS of $0.09 missed expectations.

MNTN reported second quarter revenue of $82.5 million, a 21% year-over-year increase that narrowly beat analyst expectations. The company reported diluted earnings per share of $0.09, missing consensus estimates of $0.22. MNTN also announced a new $100 million stock repurchase program and reaffirmed its full-year revenue outlook.

Key Highlights

• Gross margin expanded by 350 basis points year-over-year to 80%.
• The company swung to a net income of $6.7 million from a net loss of $26.2 million in the prior-year period.
• Active Performance TV customers on a trailing twelve-month basis grew 40% year-over-year to 4,225.
• Management reaffirmed its full-year 2026 revenue guidance of $347 million to $357 million.