Bright Mountain Media, Inc. Announces Second Quarter 2025 Financial Results
Bright Mountain Media (OTCQB: BMTM) reported its Q2 2025 financial results, showing significant growth with revenue increasing 18% to $15.4 million compared to $13.0 million in Q2 2024. The company's first half revenue rose 16% to $29.6 million.
The growth was primarily driven by the advertising technology division, which successfully matched demand from leading advertisers with premium ConnectedTV advertising inventory. However, the digital publishing division experienced a decline due to macroeconomic factors and reduced customer spending.
Despite higher revenues, the company reported a Q2 2025 net loss of $4.1 million, though this represents a 22% improvement from the $5.2 million loss in Q2 2024. Adjusted EBITDA loss improved by 76% to $218,000 compared to a $920,000 loss in the same period last year.
Bright Mountain Media (OTCQB: BMTM) ha annunciato i risultati finanziari del secondo trimestre 2025, evidenziando una crescita significativa con un aumento del 18% del fatturato, che ha raggiunto i 15,4 milioni di dollari rispetto ai 13,0 milioni del secondo trimestre 2024. Il fatturato del primo semestre è cresciuto del 16%, arrivando a 29,6 milioni di dollari.
La crescita è stata principalmente trainata dalla divisione di tecnologia pubblicitaria, che ha efficacemente abbinato la domanda dei principali inserzionisti con un inventario pubblicitario premium per ConnectedTV. Tuttavia, la divisione di pubblicazione digitale ha subito un calo a causa di fattori macroeconomici e della riduzione della spesa da parte dei clienti.
Nonostante l’aumento dei ricavi, l’azienda ha registrato una perdita netta di 4,1 milioni di dollari nel secondo trimestre 2025, anche se si tratta di un miglioramento del 22% rispetto alla perdita di 5,2 milioni del secondo trimestre 2024. La perdita di EBITDA rettificato è migliorata del 76%, attestandosi a 218.000 dollari rispetto alla perdita di 920.000 dollari nello stesso periodo dell’anno precedente.
Bright Mountain Media (OTCQB: BMTM) reportó sus resultados financieros del segundo trimestre de 2025, mostrando un crecimiento significativo con ingresos que aumentaron un 18% hasta 15,4 millones de dólares en comparación con 13,0 millones en el segundo trimestre de 2024. Los ingresos del primer semestre crecieron un 16% hasta 29,6 millones de dólares.
El crecimiento fue impulsado principalmente por la división de tecnología publicitaria, que logró satisfacer la demanda de los principales anunciantes con inventario premium de publicidad en ConnectedTV. Sin embargo, la división de publicación digital experimentó una disminución debido a factores macroeconómicos y a la reducción del gasto de los clientes.
A pesar del aumento en los ingresos, la compañía reportó una pérdida neta en el segundo trimestre de 2025 de 4,1 millones de dólares, aunque representa una mejora del 22% respecto a la pérdida de 5,2 millones en el mismo trimestre de 2024. La pérdida ajustada de EBITDA mejoró un 76%, situándose en 218.000 dólares frente a la pérdida de 920.000 dólares en el mismo periodo del año anterior.
Bright Mountain Media (OTCQB: BMTM)는 2025년 2분기 재무 실적을 발표하며, 2024년 2분기 1,300만 달러에서 18% 증가한 1,540만 달러의 매출 성장을 기록했습니다. 상반기 매출은 16% 증가한 2,960만 달러를 달성했습니다.
성장은 주로 광고 기술 부문에서 주도되었으며, 이 부문은 주요 광고주들의 수요를 프리미엄 ConnectedTV 광고 인벤토리와 성공적으로 매칭했습니다. 그러나 디지털 출판 부문은 거시경제 요인과 고객 지출 감소로 인해 매출이 감소했습니다.
매출 증가에도 불구하고, 회사는 2025년 2분기에 410만 달러의 순손실을 보고했으나, 이는 2024년 2분기 520만 달러 손실 대비 22% 개선된 수치입니다. 조정 EBITDA 손실은 전년 동기 92만 달러 손실에서 76% 개선된 21만 8천 달러 손실을 기록했습니다.
Bright Mountain Media (OTCQB : BMTM) a publié ses résultats financiers du deuxième trimestre 2025, affichant une croissance significative avec un chiffre d'affaires en hausse de 18% à 15,4 millions de dollars contre 13,0 millions au deuxième trimestre 2024. Le chiffre d'affaires du premier semestre a augmenté de 16% à 29,6 millions de dollars.
Cette croissance a été principalement portée par la division technologie publicitaire, qui a réussi à faire correspondre la demande des principaux annonceurs avec un inventaire publicitaire premium sur ConnectedTV. Cependant, la division édition numérique a connu un déclin en raison de facteurs macroéconomiques et d'une réduction des dépenses des clients.
Malgré des revenus plus élevés, la société a enregistré une perte nette de 4,1 millions de dollars au deuxième trimestre 2025, ce qui représente néanmoins une amélioration de 22% par rapport à la perte de 5,2 millions au deuxième trimestre 2024. La perte d'EBITDA ajusté s'est améliorée de 76% à 218 000 dollars contre une perte de 920 000 dollars sur la même période l'année précédente.
Bright Mountain Media (OTCQB: BMTM) meldete seine Finanzergebnisse für das zweite Quartal 2025 und verzeichnete ein deutliches Wachstum mit einem Umsatzanstieg um 18% auf 15,4 Millionen US-Dollar im Vergleich zu 13,0 Millionen US-Dollar im zweiten Quartal 2024. Der Umsatz im ersten Halbjahr stieg um 16% auf 29,6 Millionen US-Dollar.
Das Wachstum wurde hauptsächlich durch die Werbetechnologie-Sparte getrieben, die erfolgreich die Nachfrage führender Werbetreibender mit Premium-ConnectedTV-Werbeinventar abglich. Die digitale Verlagsabteilung verzeichnete jedoch aufgrund makroökonomischer Faktoren und geringerer Kundenausgaben einen Rückgang.
Trotz höherer Umsätze meldete das Unternehmen für das zweite Quartal 2025 einen Nettoverlust von 4,1 Millionen US-Dollar, was jedoch eine Verbesserung von 22% gegenüber dem Verlust von 5,2 Millionen US-Dollar im zweiten Quartal 2024 darstellt. Der bereinigte EBITDA-Verlust verbesserte sich um 76% auf 218.000 US-Dollar im Vergleich zu einem Verlust von 920.000 US-Dollar im gleichen Zeitraum des Vorjahres.
- Revenue increased 18% YoY to $15.4 million in Q2 2025
- Net loss improved by 22% to $4.1 million in Q2 2025
- Adjusted EBITDA loss improved 76% to $218,000 in Q2
- General and administrative expenses decreased 24% to $4.0 million
- First half 2025 Adjusted EBITDA turned positive at $599,000, a 130% improvement
- Digital publishing revenue declined due to reduced traffic and customer spending
- Cost of revenue increased 29% to $12.4 million in Q2
- Gross margin decreased 11% to $3.0 million in Q2 2025
- Company continues to operate at a net loss despite improvements
- Second quarter revenue increased to
$15.4 million compared to$13.0 million for the second quarter of 2024. - Half year revenue increased by
$4.1 million to$29.6 million compared to$25.5 million for the same period of 2024.
Boca Raton, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, creative services, and media services, today announced its financial results for the second quarter and six months ended June 30, 2025.
Matt Drinkwater, CEO of Bright Mountain, announced that the Company experienced continued financial momentum in the second quarter of the year, highlighting solid gains across key performance metrics.
"We are very pleased with our strong and steady financial performance", said Drinkwater, emphasizing the Company's consistent growth. "In Q2, revenue increased to
The Company attributes its revenue growth primarily to its advertising technology division, which is effectively matching demand from leading advertisers with premium ConnectedTV advertising inventory via the Company's technology platform. This strategy enabled the Company to partner with a growing list of premium publishers and streaming platforms, resulting in increased volume, higher rates, and overall revenue growth.
Financial Results for the Three Months Ended June 30, 2025
- Revenue was
$15.4 million , an increase of$2.4 million , or18% , compared to$13.0 million for the same period of 2024. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our digital publishing division, which was primarily impacted by macroeconomic factors, which reduced traffic to our website, coupled with an overall reduction in spending by some customers related to inflationary concerns.
Advertising technology revenue was approximately
- Cost of revenue was
$12.4 million , an increase of$2.8 million , or29% , compared to$9.6 million for the same period in 2024. The increase is mainly a result of increased publisher costs of$1.4 million , driven by the increase noted in revenue for our advertising technology division, and increased direct project costs of$1.9 million , driven by the increase noted in revenue for our consumer insights and media services divisions.
Cost of revenue is inclusive of direct salary and labor costs of approximately
- General and administrative expense was
$4.0 million , a decrease of$1.3 million , or24% , compared to$5.3 million in the same period of 2024. - Gross margin was
$3.0 million , a decrease of11% , compared to$3.4 million in the same period of 2024. - Net loss was
$4.1 million , a decrease of22% , compared to a$5.2 million net loss in the same period of 2024. - Adjusted EBITDA loss was
$218,000 , an improvement of76% , compared to Adjusted EBITDA loss of$920,000 in the same period of 2024. See the below section on Non-GAAP Financial Measure for a reconciliation of net loss to EBITDA and Adjusted EBITDA.
Financial Results for the Six Months Ended June 30, 2025
- Revenue was
$29.6 million , an increase of$4.1 million , or16% , compared to$25.5 million for the same period of 2024. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our creative services division, which was primarily due to a decrease in the number of projects for small tier revenue customers.
Advertising technology revenue was approximately
- Cost of revenue was
$22.3 million , an increase of$3.4 million , or18% , compared to$18.9 million for the same period in 2024.
Cost of revenue is inclusive of direct salary and labor costs of approximately
- General and administrative expense was
$8.5 million , a decrease of19% , compared to$10.6 million in the same period of 2024. - Gross margin was
$7.3 million , an increase of11% , compared to$6.6 million in the same period of 2024. - Net loss was
$7.3 million , a decrease of27% , compared to a$10.0 million net loss in the same period of 2024. - Adjusted EBITDA was
$599,000 , an improvement of130% , compared to Adjusted EBITDA loss of$2.0 million in the same period of 2024. See the below section on Non-GAAP Financial Measure for a reconciliation of net loss to EBITDA and Adjusted EBITDA.
About Bright Mountain Media
Bright Mountain Media, Inc. (OTCQB: BMTM) unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media’s subsidiaries include Deep Focus Agency, LLC, MediaHouse, Inc., BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit www.brightmountainmedia.com.
Forward-Looking Statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes,” and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Bright Mountain.’s Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the SEC. Bright Mountain does not undertake any duty to update any forward-looking statements except as may be required by law.
Contact / Investor Relations:
Douglas Baker
Email:corp@otcprgroup.com
Tel: (561) 807-6350
https://otcprgroup.com
BRIGHT MOUNTAIN MEDIA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(unaudited)
(in thousands, except share and per share data)
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||||||||||||
| Revenue | $ | 15,408 | $ | 13,003 | $ | 29,598 | $ | 25,450 | ||||||||
| Cost of revenue | 12,371 | 9,581 | 22,289 | 18,892 | ||||||||||||
| Gross margin | 3,037 | 3,422 | 7,309 | 6,558 | ||||||||||||
| General and administrative expenses | 4,021 | 5,310 | 8,545 | 10,552 | ||||||||||||
| Loss from operations | (984 | ) | (1,888 | ) | (1,236 | ) | (3,994 | ) | ||||||||
| Financing and other expense: | ||||||||||||||||
| Other income | 44 | 53 | 91 | 397 | ||||||||||||
| Interest expense - Centre Lane senior secured credit facility - related party | (3,135 | ) | (3,360 | ) | (6,155 | ) | (6,352 | ) | ||||||||
| Interest expense - | - | (2 | ) | - | (4 | ) | ||||||||||
| Other interest expense | (6 | ) | (11 | ) | (12 | ) | (21 | ) | ||||||||
| Total financing and other expense, net | (3,097 | ) | (3,320 | ) | (6,076 | ) | (5,980 | ) | ||||||||
| Net loss before income tax | (4,081 | ) | (5,208 | ) | (7,312 | ) | (9,974 | ) | ||||||||
| Income tax provision | - | - | - | - | ||||||||||||
| Net loss | $ | (4,081 | ) | $ | (5,208 | ) | $ | (7,312 | ) | $ | (9,974 | ) | ||||
| Foreign currency translation | (199 | ) | 38 | (157 | ) | 72 | ||||||||||
| Comprehensive loss | $ | (4,280 | ) | $ | (5,170 | ) | $ | (7,469 | ) | $ | (9,902 | ) | ||||
| Net loss per common share: | ||||||||||||||||
| Basic | $ | (0.02 | ) | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.06 | ) | ||||
| Diluted | $ | (0.02 | ) | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.06 | ) | ||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 175,965,052 | 171,095,661 | 175,969,993 | 171,155,364 | ||||||||||||
| Diluted | 175,965,052 | 171,095,661 | 175,969,993 | 171,155,364 | ||||||||||||
BRIGHT MOUNTAIN MEDIA, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| June 30, 2025 | December 31, 2024 * | |||||||
| (unaudited) | ||||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 1,678 | $ | 2,546 | ||||
| Restricted cash | 1,861 | 1,861 | ||||||
| Accounts receivable, net | 14,050 | 15,033 | ||||||
| Prepaid expenses and other current assets | 1,222 | 859 | ||||||
| Total current assets | 18,811 | 20,299 | ||||||
| Property and equipment, net | 90 | 69 | ||||||
| Intangible assets, net | 12,436 | 13,406 | ||||||
| Goodwill | 7,785 | 7,785 | ||||||
| Operating lease right-of-use assets | 215 | 253 | ||||||
| Other long-term assets | 159 | 158 | ||||||
| Total assets | $ | 39,496 | $ | 41,970 | ||||
| Liabilities and Stockholders' Deficit | ||||||||
| Current liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 22,311 | $ | 22,667 | ||||
| Other current liabilities | 2,522 | 4,401 | ||||||
| Interest payable - Centre Lane senior secured credit facility - related party | - | 21 | ||||||
| Deferred revenue | 6,594 | 2,883 | ||||||
| Note payable - Centre Lane senior secured credit facility - related party (current) | 4,673 | 3,808 | ||||||
| Total current liabilities | 36,100 | 33,780 | ||||||
| Other long-term liabilities | 91 | 169 | ||||||
| Note payable - Centre Lane senior secured credit facility - related party (long-term) | 73,781 | 71,043 | ||||||
| Finance lease liabilities | 7 | 20 | ||||||
| Operating lease liabilities | 140 | 185 | ||||||
| Total liabilities | 110,119 | 105,197 | ||||||
| Stockholders' deficit: | ||||||||
| Convertible preferred stock, par value | - | - | ||||||
| Common stock, par value | 1,776 | 1,775 | ||||||
| Treasury stock at cost, 1,550,175 and 1,350,175 shares at June 30, 2025 and December 31, 2024, respectively | (220 | ) | (220 | ) | ||||
| Additional paid-in capital | 101,870 | 101,798 | ||||||
| Accumulated deficit | (174,169 | ) | (166,857 | ) | ||||
| Accumulated other comprehensive income | 120 | 277 | ||||||
| Total stockholders' deficit | $ | (70,623 | ) | $ | (63,227 | ) | ||
| Total liabilities and stockholders' deficit | $ | 39,496 | $ | 41,970 | ||||
* Derived from audited consolidated financial statement
BRIGHT MOUNTAIN MEDIA, INC.
RECONCILIATION OF NET LOSS TO NON-GAAP EBITDA AND ADJUSTED EBITDA
(in thousands)
Non-GAAP Financial Measure
Non-GAAP results are presented only as a supplement to the financial statements and for use within management's discussion and analysis based on U.S. generally accepted accounting principles ("GAAP"). The non-GAAP financial information is provided to enhance the reader's understanding of the Company's financial performance, but non-GAAP measures should not be considered in isolation or as a substitute for financial measures calculated in accordance with GAAP.
All of the items included in the reconciliation from net loss before taxes to EBITDA and from EBITDA to Adjusted EBITDA are either (i) non-cash items (e.g., depreciation, amortization of purchased intangibles, stock-based compensation, etc.) or (ii) items that management does not consider to be useful in assessing the Company's ongoing operating performance (e.g., M&A costs, income taxes, gain on sale of investments, loss on disposal of assets, etc.). In the case of the non-cash items, management believes that investors can better assess the Company's operating performance if the measures are presented without such items because, unlike cash expenses, these adjustments do not affect the Company's ability to generate free cash flow or invest in its business.
We use, and we believe investors benefit from the presentation of, EBITDA and Adjusted EBITDA in evaluating our operating performance because it provides us and our investors with an additional tool to compare our operating performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our core operations. We believe that EBITDA is useful to investors and other external users of our financial statements in evaluating our operating performance because EBITDA is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, and depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired.
Because not all companies use identical calculations, the Company's presentation of non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. However, these measures can still be useful in evaluating the Company's performance against its peer companies because management believes the measures provide users with valuable insight into key components of GAAP financial disclosures.
A reconciliation of net loss before taxes to non-GAAP EBITDA and Adjusted EBITDA is as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| (in thousands) | ||||||||||||||||
| Net loss before tax | $ | (4,081 | ) | $ | (5,208 | ) | $ | (7,312 | ) | $ | (9,974 | ) | ||||
| Depreciation expense | 15 | 35 | 28 | 75 | ||||||||||||
| Amortization of intangibles | 485 | 481 | 970 | 962 | ||||||||||||
| Amortization of debt discount | 556 | 936 | 1,189 | 1,552 | ||||||||||||
| Other interest expense | 6 | 11 | 12 | 21 | ||||||||||||
| Interest expense - Centre Lane Senior Secured Credit Facility and Convertible Promissory Notes | 2,579 | 2,426 | 4,966 | 4,804 | ||||||||||||
| EBITDA | (440 | ) | (1,319 | ) | (147 | ) | (2,560 | ) | ||||||||
| Stock compensation expense | 34 | 70 | 71 | 135 | ||||||||||||
| Non-recurring professional fees | 20 | - | 261 | - | ||||||||||||
| Non-recurring legal fees | 111 | 254 | 357 | 309 | ||||||||||||
| Non-recurring severance expense | 57 | 75 | 57 | 93 | ||||||||||||
| Adjusted EBITDA (loss) | $ | (218 | ) | $ | (920 | ) | $ | 599 | $ | (2,023 | ) | |||||
FAQ
What was Bright Mountain Media's (BMTM) revenue in Q2 2025?
How did BMTM's net loss change in Q2 2025 compared to Q2 2024?
What drove Bright Mountain Media's revenue growth in Q2 2025?
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What was Bright Mountain Media's Adjusted EBITDA for the first half of 2025?
