NEW YORK, Nov. 10, 2026 (GLOBE NEWSWIRE) -- The $347 million to $357 million full-year 2026 revenue outlook that MNTN, Inc. (NYSE: MNTN) reaffirmed on August 4, 2026 was subsequently cut to $311 million to $314 million, representing an approximately 11% reduction at the midpoint. The Company announced the reduction alongside its third-quarter 2026 results on November 4, 2026. If you bought MNTN shares and lost money when that outlook reset, you may have legal rights to recover. Review your rights as an MNTN shareholder now, or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
MNTN first established its $347 million to $357 million full-year 2026 revenue outlook on May 5, 2026, and CFO Patrick Pohlen reaffirmed it on August 4, stating: "For the full year 2026, we are reiterating our revenue guidance range of $347 million to $357 million, representing over 24% year-over-year growth at the midpoint of $352 million, excluding the impact of the Maximum Effort divestiture." MNTN also guided Q3 revenue to $86 million to $89 million.
On November 4, MNTN cut full-year revenue guidance to $311 million to $314 million, a $33 million to $46 million reduction from the prior range, and guided Q4 revenue to $75 million to $78 million—at least $8 million below the prior Q3 guidance floor. The Company attributed the deterioration to sales-compensation changes implemented too quickly, which caused the loss of approximately 40% of experienced quota-carrying sellers and impaired new-customer acquisition. Yet the August 4 earnings call made no mention of the compensation changes or resulting salesforce attrition.
Selling your shares does not forfeit your rights. Investors who sold MNTN at a loss and those still holding the stock may both be eligible. The investigation concerns potential securities law violations tied to MNTN's 2026 revenue guidance.
MNTN shareholders who suffered losses are encouraged to request a free review of their losses or call (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com
Frequently Asked Questions About the MNTN Investigation
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether MNTN made materially false or misleading statements regarding its full-year 2026 revenue outlook and sales organization, including its August 4 reaffirmation of $347 million to $357 million in revenue guidance. On November 4, 2026, MNTN disclosed significant salesforce attrition resulting from compensation changes and cut full-year guidance to $311 million to $314 million. The stock price subsequently declined.
Q: When did MNTN allegedly mislead investors? A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.
Q: Who is eligible to participate in the MNTN investigation? A: Investors who purchased MNTN stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
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: 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. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses 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
Tel: (212) 363-7500
Fax: (212) 363-7171
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