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.
Bright Mountain Media, Inc. (OTCQB: BMTM) reported a successful third quarter with a 38% revenue increase to $5.2 million over Q3 2021. Gross margin rose to $2.1 million, up 2% year-over-year. The company improved its net loss to $1.9 million, a 34% improvement from $2.9 million in 2021. Adjusted EBITDA loss was slightly wider at $509,000. Over nine months, revenue surged to $14.4 million, a 67% increase, while net loss reduced from $9.1 million to $5.2 million. Management remains optimistic about growth despite economic challenges.
Bright Mountain Media (OTCQB: BMTM) announced its participation in the LD Micro Main Event XV, dubbed the “Woodstock of Micro-cap,” scheduled for October 25-27, 2022 at the Luxe Sunset Boulevard Hotel, Los Angeles. CEO Matt Drinkwater will present on October 26 at 11:00 a.m. ET and will conduct one-on-one meetings with institutional investors. Those interested in a virtual participation can register for the webcast. Bright Mountain Media is known for its comprehensive digital media and advertising services, connecting brands directly with targeted demographics, thereby enhancing advertising efficiency.
Bright Mountain Media, Inc. (OTCQB:BMTM) recently launched its zero-party data platform, MomIndex™, designed to gather real-time insights from moms, a vital consumer demographic. This initiative seeks to enhance engagement by enabling brands to access voluntarily shared data, which is more reliable than traditional third-party data. CEO Matt Drinkwater emphasized the platform's role in fostering deeper connections with mothers, while SVP Justin Santino highlighted its importance in navigating economic challenges. The platform aims to inform advertising and ecommerce strategies, with ongoing findings to be shared in upcoming months.
Bright Mountain Media (BMTM) reported significant growth in its financial results for Q2 and the first half of 2022. Revenue reached $5.7 million for Q2, a substantial increase from $2.4 million in the same period last year. For the six months ended June 30, revenue totaled $9.2 million, up from $4.8 million. Gross margins improved to 49.3% in Q2 from 39.3%, and to 50.0% for the six months, up from 41.2%. Adjusted EBITDA for Q2 was $0.3 million. CEO Matt Drinkwater expressed optimism about ongoing growth and strategic acquisitions.
Bright Mountain Media (OTC: BMTM) is set to host a Spanish-language webinar titled “Hacia el Futuro: Lo más valioso que puedes darle a tus hijos para que tengan éxito”, focusing on financial success for children. This interactive event will take place on May 21 at 2 p.m. ET as part of the month-long initiative Money Moves May. Prominent figures like Lourdes Stephen and Natalie Cruz will lead discussions aimed at improving money management skills among kids. This initiative aims to empower Latino families with essential financial strategies.
Bright Mountain Media (OTC Expert: BMTM) has appointed Matt Drinkwater as the new Chief Executive Officer, effective immediately. Drinkwater brings extensive experience from high-profile companies like Buzzfeed and Twitter, where he excelled in digital media and strategic partnerships. Kip Speyer will remain as Chairman of the Board. This leadership change aims to advance the company’s growth in the digital media landscape, leveraging Drinkwater's background in operational optimization and media sales.
Bright Mountain Media (OTC: BMTM) announced preliminary revenue results for Q4 2020, projecting revenues of at least $6.6 million, a 112% increase from $3.1 million in Q4 2019. This growth aligns with a total estimated revenue of $16 million for FY 2020, marking a 130% increase over $7 million in 2019. The revenue rise is attributed to the successful integration of the Wild Sky Media acquisition. Final results will be confirmed in the upcoming 10-K filing.
Bright Mountain Media is set to transition from the OTCQB exchange to the OTC Pink market on July 1, 2021 due to a delay in its FY2020 10-K audit. No action is required from shareholders, and the ticker symbol BMTM remains unchanged. The company expects to be current with its filings by mid-July and aims to apply for relisting on the OTCQB by the end of August 2021. CEO Kip Speyer states the issues causing the audit delay are non-cash and anticipates significant operating cost reductions while maintaining revenue of approximately $16 million in FY2020.
Bright Mountain Media, Inc. (OTCQB: BMTM) announces its subsidiary Wild Sky Media's partnership with Netflix for the movie Fatherhood, premiering on June 18, 2021. In celebration of Father’s Day, CafeMom will rebrand as CafeDad for the weekend, promoting content that honors fathers. This initiative, which runs through June, also includes support from sister sites like LittleThings and Mom.com. The aim is to recognize the contributions of dads during challenging times, enhancing CafeMom’s audience engagement with multimedia content.
Bright Mountain Media (BMTM) announced preliminary unaudited results for 2020, showing a significant 130% increase in revenue to approximately $16 million, up from $7 million in 2019. The growth was attributed to the acquisition of Wild Sky Media.
However, the company expects a net loss from operations between $75-$80 million, largely due to non-cash impairment charges of about $61 million. Bright Mountain aims for strategic acquisitions to enhance growth and shareholder value moving forward.
FAQ
What is the current stock price of Bright Mountain (BMTM)?
What is the market cap of Bright Mountain (BMTM)?
