Other Liabilities

9 Months Ended

Sep. 30, 2025

Other Liabilities Disclosure [Abstract]

Other current liabilities

Other current liabilities consisted of the following (in thousands):


	As of
	September 30, 2025		December 31, 2024
Deferred revenue	$	5,361	$	8,966
Income taxes payable	—		3,412
Other	61		886
Total other current liabilities	$	5,422	$	13,264

Deferred revenue primarily relates to creative production services in progress. Total deferred revenue as of December 31, 2024, was $9.0 million, of which $7.4 million was recognized as revenue during the nine months ended September 30, 2025. $2.6 million was sold during the nine months ended September 30, 2025 as part of the Maximum Effort Marketing Transaction, see Note 5, Divestiture. Total deferred revenue as of September 30, 2025, was $5.4 million, which is expected to be recognized over the next 12 months.

Other liabilities, non-current

Other liabilities, non-current, consisted of the following (in thousands):


	As of
	September 30, 2025		December 31, 2024
Income taxes payable	$	3,351	$	3,351
Contingent liability	2,919		—
Total other non-current liabilities	$	6,270	$	3,351

Contingent liability

In connection with the Maximum Effort Marketing acquisition on August 25, 2021, the Company issued contingent consideration worth up to 1,574,721 shares ("Earnout Shares"), based upon achievement of certain market conditions, which was initially valued at $1.6 million at the date of acquisition. The contingent liability is carried at fair value with decreases or increases in fair value at each reporting date recorded as other income (expense) in the condensed consolidated statements of operations. In connection with the closing of the Maximum Effort Marketing Transaction on April 1, 2025, the market conditions associated with the Earnout Shares were subsequently amended. The balance of the contingent liability included in other liabilities on the condensed consolidated balance sheets was $2.9 million as of September 30, 2025 and $0 as of December 31, 2024.

MNTN, Inc. 10-Q