---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017702"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:31:28.941580+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media Q1 revenue down 57% to $1.5M; net loss widens to $3.8M; Big Village acquisition adds $50M revenue

## Summary
- Revenue $1.5M, down 57% YoY from $3.5M; gross margin $528K, down 70%.
- Net loss $3.8M compared to $2.1M loss in Q1 2022 (increase of 79%).
- Adjusted EBITDA loss $2.1M vs $1.6M loss in prior-year period.
- Acquisition of Big Village Insights & Agency divisions expected to add ~$50M annualized revenue and be accretive to adjusted EBITDA.
- CEO Drinkwater cites transformation; integration of Big Village's proprietary data underway.

## SEC filing metadata
- accession: 0001628280-23-017702
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/0001628280-23-017702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/bmm-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017702
- JSON: https://secwatch.observer/filing/0001628280-23-017702.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017702.txt

## Key facts
- Earnings Releases
  Bright Mountain Media, Inc. reported first quarter and Three Months Ended March 31, 2023 results: revenue $1.5 million, net income $3.8 million net loss.
  - Period: first quarter and Three Months Ended March 31, 2023
  - Revenue: $1.5 million
  - Net income: $3.8 million net loss
  - Result: reported results
  source text: use this acquisition as a springboard to accelerating growth and maximizing value to shareholders.” 1 Financial Results for the Three Months Ended March 31, 2023 • Revenue was $1.5 million, a decrease of $2.0 million or 57% compared to $3.5 million for the same period of 2022. • Gross margin was $528,000, a reduction of 70%, compared to $1.7 million in the same
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/0001628280-23-017702-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.