MNTN, Inc. Class A

Hello and welcome to the Mountain First Quarter 2026 results call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star 9 to raise your hand and star 6 to unmute. I will now hand the conference over to Brynlee Johnson. Please go ahead.

Good afternoon. Thank you for joining us for Mountain's First Quarter 2026 earnings call. With me today is Mark Douglas, CEO, and Patrick Poland, CFO. Just to remind everyone, today's call includes forward-looking statements that are subject to risks and uncertainties, and actual results can materially differ from those anticipated in these forward-looking statements. For the risks and uncertainties that may affect future results, please see our most recently filed periodic report, which is also available on our website. We will also discuss non-GAAP financial measures on today's call. Reconciliations of these measures are available in our earnings materials on our website. And with that, I'll turn the call over to Mark. Please go ahead.

Thank you for joining us today. Mound reported strong financial results, delivering first quarter revenue growth of 25% year-over-year, along with strong adjusted EBITDA growth of 74% year-over-year and record positive net income. Before we get into numbers, I want to take a step back and remind everyone about Mound's unique value proposition and the connected TV market, and then discuss our future priorities that continue to position Mound for a long runway of durable growth. I've said this many times. I've found a mound with a mission to democratize television advertising. Democratizing TV means bringing any size brand from emerging e-commerce companies to category leaders to the most exciting storytelling medium in the world, the TV in your home. And doing this for one reason, to enable emerging organizations to grow their business and drive incremental revenue. These brands want to reach very specific consumers alongside content that not only performs well but elevates their brand. And they want that investment to be measurable from the start. That's performance marketing applied to television. It's simple. Choose your budget, your audience, your goals, and upload your creative. Everything is automated from targeting to optimization, bringing digital, marketing precision, and accountability to streaming TV. AI plays an ever-expanding role in that automation, but we're using AI in creative too. Quick Frame AI, our AI-powered creative video platform, was released from beta this morning and has become one of the fastest-growing elements in the mountain suite. Our customers benefit from using Quick Frame AI as it combines AI video generation with professional-grade creative controls. So teams can produce polished videos easily, iterate continuously, and go live quickly. The latest release, Quick Frame AI 3.0, brings a major expansion of capabilities. This update includes saveable characters, a new storyboard editor, collaborative editing, and more. It continues to evolve as a creative platform designed to accelerate creative output and bring more campaigns to market with less friction. Mountain has consistently led through product innovation. We've been first in performance TV in a number of innovations that directly impact our customers. That includes the first brand direct self-serve platform for television. the first company to bring performance advertising to connected TV, the first to provide AI targeting for connected TV, and the first to provide creative AI tools that can create TV commercials in minutes. We'll continue to innovate and expand our AI capabilities with several new features already in customer beta and moving towards broader release. We also recently announced the addition of Garland Hill as Mountain's Chief Revenue Officer and Peter Blacker as Head of Contents. Garland was previously head of growth at TikTok. He launched that team from scratch to over 1,000 people and billions in revenue. Prior to TikTok, Garland led the CPG sales team at Meta. No one is better suited to lead and continue to build Mountain's revenue. Peter Blacker's previous role was head of streaming at NBCUniversal. We built NBC's streaming division. Television has the best content in the world, and Peter's role at Mountain is to ensure Mountain provides our customers access to nearly all of that content. In Q1, we provided our customers access to performance advertising across nearly all streaming networks, including advertising on March Madness, the NHL playoffs, Major League Baseball, reality content like Housewives, Traders, and more. We have even more exciting content continuing to roll out through the Peters efforts. Together, they fortify two key areas of our growth strategy, scaling revenue, and continued access to the best TV content available. Looking ahead, our priorities are clear. First, continue to attract new customers. We're very focused on bringing new customers onto our platform and actively expanding our footprint in the SMB market. We're executing on a massive opportunity and a TAM that we created, having successfully transformed TV into a measurable performance-driven advertising channel. Second, innovate and launch new products. We continue to invest in R&D and have a strong product pipeline positioned to capitalize on this market. As of today, over 50% of Mountain Tech County is engineering, which we believe is the highest in our industry. Third, leverage AI. AI is an enabler to our business to both improve our product innovation and to become more efficient in our own operations to drive margin expansion. And finally, accelerate our go-to-market. We are investing in sales and partnerships to broaden distribution and reach more customers. Mount is helping a whole new generation of marketers unlock the full potential of television as a performance channel. With solid customer growth, continued innovation across our platform, and expanding margins, Mount is well-positioned for sustained growth and profitability. Now, turn it over to Patrick.