secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-125521
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000095017024125521/0000950170-24-125521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000095017024125521/bmtm-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-125521

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer