Overview
Bright Mountain Q3 revenue decreased 1% yr/yr due to market challenges
Adjusted EBITDA improved 66% yr/yr
Net loss improved 13% yr/yr, reflecting better cost management
Outlook
Company highlights advertising technology as a key growth driver
Company notes inflationary pressures affecting advertiser spending
Result Drivers
ADVERTISING TECHNOLOGY - Division remains a key growth driver, leveraging platform to connect advertisers with premium inventory
MARKET CHALLENGES - Q3 revenue decline attributed to inflationary pressures and conservative advertiser spending
COST MANAGEMENT - Improved net loss and adjusted EBITDA reflect better cost management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $13.94 mln | ||
Q3 Net Income | -$2.83 mln | ||
Q3 Adjusted EBITDA | $1.33 mln | ||
Q3 Operating Income | $155,000 |
Press Release: ID:nGNX9ZFfCw
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