Bright Mountain Media Q2 revenue up 121% to $12.6M; net loss widens to $6.1M

Bright Mountain Media, Inc.

2023-Q2 EPS reported -$0.06 revenue$14,114,000

Revenue of $12.6M for Q2 2023, up 121% from $5.7M in Q2 2022, driven by Big Village acquisition.
Net loss of $6.1M compared to $1.5M loss in prior year; adjusted EBITDA loss of $1.9M vs $39K positive.
Advertising technology revenue $11.2M; digital publishing contributed $1.4M in Q2 2023.
General and administrative expense rose 114% to $7.4M, primarily from Big Village acquisition costs.
Big Village acquisition closed April 20, 2023; management expects cross-selling opportunities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bright Mountain Media, Inc. reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 14, 2023, Bright Mountain Media, Inc, Inc. (the "Company") issued a press release announcing its financial results for its second quarter and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-029389

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