Bright Mountain Media, Inc. reports developments as a marketing services and media holding company with businesses in digital publishing, advertising technology, consumer insights, creative services, and media services. Its news commonly covers financial results, revenue trends in advertising technology and media services, and the performance of its platform for brands, agencies, advertisers, and publishers.
Company updates also include partnerships and product initiatives tied to Big Village consumer insights, BrightStream programmatic supply-side technology, audience intelligence, AI-driven research tools, family-focused advertising solutions, and curated advertising inventory for premium publishers and privacy-focused campaigns.
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.
Boca Raton, FL, May 13, 2021 – Bright Mountain Media (OTCQB: BMTM) announces its inaugural event, 'Hello, Baby!', targeting expecting parents on May 15, 2021. The event will feature five interactive sessions covering essential topics such as breastfeeding, baby care, and nutrition, led by renowned experts. CEO Emily Smith highlights the company's mission to offer valuable insights to the Mom.com community. Participants can engage with speakers, receive giveaways, and explore essential parenting guidance. Registration is available on Mom.com.
Bright Mountain Media (OTCQB: BMTM) launched a new series called “Pregnancy IRL”, focusing on the real-life experiences of pregnancy. This initiative responds to recent data indicating a projected 13% decline in U.S. births for 2021 compared to 2019, attributed to pandemic-related stress among pregnant women. The series aims to provide support and guidance through various digital platforms, featuring expert advice and community insights. The first segment, “Pregnancy Week by Week,” will debut on Mom.com, offering week-by-week resources for expecting mothers.
Bright Mountain Media (OTCQB: BMTM) will present at the Q2 Virtual Investor Summit on May 18, 2021, at 2:15 p.m. Eastern time. The company's Chief Financial Officer, Edward Cabanas, and Todd Speyer, Director and CEO of BM LLC, will be the presenters. One-on-one meetings with institutional investors will also be hosted during this event. Registration is mandatory for attendance. Bright Mountain Media connects brands with targeted demographics through its digital media and advertising platform, reaching over 230 million users monthly.