Welcome to our dedicated page for Bright Mountain news (Ticker: BMTM), a resource for investors and traders seeking the latest updates and insights on Bright Mountain stock.
Bright Mountain Media (BMTM) delivers integrated digital media solutions through targeted content, advertising networks, and military-inspired ecommerce. This news hub provides investors and industry observers with timely updates on corporate developments shaping the company's niche market position.
Access official press releases and verified news covering earnings reports, strategic partnerships, leadership updates, and operational milestones. Our curated collection enables efficient tracking of BMTM's progress across its three core divisions: digital publishing for military communities, audience-specific advertising solutions, and lifestyle product development.
Key content categories include financial disclosures, content platform expansions, advertising network enhancements, and product line updates. All materials maintain strict adherence to factual reporting standards, providing reliable insights for market analysis.
Bookmark this page for direct access to BMTM's latest developments as the company continues innovating at the intersection of digital media and specialized audience engagement.
Bright Mountain Media (BMTM) announced its financial results for Q1 2024, highlighting a significant revenue increase to $12.4 million, up from $1.5 million in Q1 2023. The gross margin also rose to $3.1 million from $528,000 in the previous year. This growth is attributed to the Big Village Acquisition.
Advertising technology revenue reached approximately $2.6 million, with digital publishing revenue at $434,000. Consumer insights, creative services, and media services, new offerings from the Big Village Acquisition, generated revenues of $6.7 million, $2.1 million, and $641,000 respectively.
However, the cost of revenue surged to $9.3 million due to new costs from the acquisition. General and administrative expenses increased to $5.2 million. Despite the revenue growth, the net loss widened to $4.8 million from $3.8 million in Q1 2023, although the adjusted EBITDA loss improved to $1.2 million from $2.1 million.
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