On November 4, 2026, MNTN announced third quarter 2026 results. Among other things, the Company disclosed that changes to its sales compensation structure had contributed to the departure of approximately 40% of its experienced quota-carrying salespeople, impairing its ability to acquire new customers. The Company also reported third-quarter revenue of $80.3 million, below its previously projected range of $86 million to $89 million, and reduced its full-year revenue guidance to $311 million to $314 million, from an original guidance of $347 million to $357 million. Additionally, management acknowledged that the sales compensation changes had been communicated to employees in late second-quarter 2026 and implemented at the beginning of the third quarter, before MNTN reaffirmed its financial guidance in August.

On this news, MNTN shares fell as much as $5.56 or 53.62%, during intraday trading on November 5, 2026, thereby injuring investors.