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, Inc. (OTCQB: BMTM) generates a steady flow of news related to its role as a marketing services platform and global holding company. Company updates frequently cover developments across its advertising technology, digital publishing, consumer insights, creative services, and media services operations, giving investors and industry observers insight into how these businesses perform and evolve over time.
On this page, readers can follow BMTM news tied to quarterly and annual financial results, where Bright Mountain reports revenue by division, discusses cost structures, and provides commentary on trends in its advertising technology and other segments. These releases often include segment-level performance for ad tech, digital publishing, consumer insights, creative services, and media services, along with explanations of non-GAAP measures such as EBITDA and Adjusted EBITDA.
Bright Mountain’s news flow also includes announcements about new products and partnerships in digital advertising and research. Examples from recent disclosures include the launch of "familyroom," a proprietary family-focused advertising solution built with Wild Sky Media, and a strategic alliance between its consumer insights business Big Village and consumr.ai to offer AI twin-based research capabilities. Partnership news, such as Bright Mountain being chosen as the exclusive SSP partner for TotallyKidz, highlights activity in kids and family-safe advertising.
Governance and capital structure developments appear in the news as well, including board appointments and updates related to the company’s senior secured credit facility. Investors who follow BMTM news can use this page to monitor how Bright Mountain’s integrated portfolio, credit arrangements, and strategic initiatives are described in official communications over time.
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Bright Mountain Media announced the acquisition of Big Village’s Insights and Agency divisions for approximately $20 million in an all-cash deal funded by a senior secured credit facility. This acquisition is projected to add about $50 million in annualized revenue and be immediately accretive to 2023 Adjusted EBITDA through revenue and cost synergies. The transaction aligns with Bright Mountain's strategy to enhance its data-driven insights capabilities and provide comprehensive advertising and marketing services. CEO Matt Drinkwater emphasized the importance of consumer insights for marketing success, aiming to integrate the expertise of both companies to boost innovation and growth.
Bright Mountain Media, Inc. (OTCQB: BMTM) announced its audited financial results for 2022, showcasing a successful year with significant growth. Revenue increased by 51% to $19.6 million, while fourth-quarter revenue rose 20% to $5.2 million compared to Q4 2021. The net loss improved to $8.1 million, a 32% reduction from the previous year. General and administrative expenses saw a significant decrease of 23% to $14.2 million. The company's CEO noted challenges ahead in 2023 while expressing confidence in future growth and product development.
Mom.com, part of Bright Mountain Media (OTCQB: BMTM), has launched the Black Maternal Health Matters initiative to address the significant health disparities faced by Black mothers. This monthlong event focuses on raising awareness of the Black maternal health gap, which sees Black women three times more likely to die from pregnancy-related causes than their white counterparts. The initiative includes informative content, weekly Instagram Live sessions with experts, and personal essays from Black moms. The goal is to create a supportive community that empowers Black women and shares vital information on maternal health.
Bright Mountain Media (OTCQB: BMTM) announces the appointment of Jonathan Slavin as Chief Revenue Officer to enhance its Technology Division growth in 2023. Following a successful 2022, the strategic move underscores the company's commitment to expanding its leadership in the CTV space. CEO Matt Drinkwater highlights Slavin's track record in fostering revenue growth, while Todd Speyer transitions to SVP of Revenue Operations to support ongoing advancements. The Technology Division is projected to continue strong growth, capitalizing on new AVOD inventory opportunities.
Bright Mountain Media (BMTM) reported a strong third quarter, achieving a 38% increase in revenue, totaling $5.2 million compared to $3.8 million in Q3 2021. The gross margin improved 2% to $2.1 million. Despite a net loss of $1.9 million, this marked a 34% improvement from the $2.9 million loss the previous year. The company continues to see growth in its Technology division, and general administrative expenses decreased by 28% to $3.3 million. Overall, the outlook remains optimistic with ongoing initiatives planned for future growth.
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