Bright Mountain Q3 net loss improves 84% to $3.3M; Adjusted EBITDA positive $804k

Bright Mountain Media, Inc.

2024-Q3 EPS reported -$0.08 revenue$39,602,000

Q3 revenue down 7% YoY to $14.2M; ad tech revenue $4.7M, consumer insights $6.8M.
Net loss $3.3M vs $19.8M in Q3 2023, an 84% improvement.
Adjusted EBITDA of $804k, up from $283k in prior year period.
Year-to-date revenue $39.6M, up 35% from $29.4M; net loss $13.2M vs $29.6M.
CEO cites focus on bottom-line, synergies from acquisitions, and innovative products.

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