Bright Mountain Media Q4 revenue up 20% to $5.2M; full-year net loss improves 32% to $8.1M

Bright Mountain Media, Inc.

Q4 revenue $5.2M (+20% YoY); net loss $2.3M (improved 20% from $2.9M loss in Q4 2021).
Full-year 2022 revenue $19.6M (+51% YoY); net loss $8.1M (improved 32% from $12.0M loss in 2021).
Full-year G&A expenses decreased 23% to $14.2M from $18.5M in 2021.
Adjusted EBITDA loss improved to $2.5M from $7.7M loss in 2021.
CEO expects challenging H1 2023 but remains confident in model and new products.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bright Mountain Media, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $5.2 million, net income $2.3 million net loss.

Period: the fourth quarter ended December 31, 2022
Revenue: $5.2 million
Net income: $2.3 million net loss
Result: reported results

Exact text from the filing

Revenue for the three months ended December 31, 2022 was $5.2 million, an increase of $873,000 or 20% compared to $4.3 million for the same period of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bright Mountain Media, Inc. reported the year ended December 31, 2022 results: revenue $19.6 million, net income $8.1 million net loss.

Period: the year ended December 31, 2022
Revenue: $19.6 million
Net income: $8.1 million net loss
Result: reported results

Exact text from the filing

Revenue for the year ended December 31, 2022 was $19.6 million, an increase of $6.7 million or 51% compared to $12.9 million for the same period of 2021.

View on SEC.gov

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-009626

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