Bright Mountain Media Inc. Reports 14% Increase in Q1 Revenue to $14.2 Million, with 36% Rise in Gross Margin

Reuters
May 13
Bright Mountain Media Inc. Reports 14% Increase in Q1 Revenue to $14.2 Million, with 36% Rise in Gross Margin

Bright Mountain Media, Inc. has reported its financial results for the first quarter ending March 31, 2025. The company's revenue for the quarter was $14.2 million, marking a 14% increase compared to $12.4 million in the same period of 2024. This growth was attributed largely to the robust performance of the advertising technology division, which generated approximately $4.2 million in revenue. The digital publishing, consumer insights, creative services, and media services divisions contributed approximately $583,000, $7.0 million, $1.5 million, and $841,000, respectively. The company reported a gross margin of $4.3 million, a 36% increase from $3.1 million in the first quarter of 2024. Despite the positive revenue and margin growth, Bright Mountain Media recorded a net loss of $3.2 million, which is a 32% decrease from the $4.8 million net loss reported in the same period of the previous year. Adjusted EBITDA showed significant improvement, increasing by 173% to $816,000 from an Adjusted EBITDA loss of $1.1 million in the first quarter of 2024. The company attributes its revenue increase primarily to the successful efforts of its advertising technology division in attracting high-value advertisers and onboarding premium publishers. However, this was partially offset by a decline in revenue from the creative services division due to a decrease in the number of projects for small tier revenue customers.

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