Bright Mountain Media Q4 rev +193% to $15.1M, but net loss widens to $5.9M; FY net loss $35.6M on $44.5M rev

Bright Mountain Media, Inc.

2024-Q1 EPS reported -$0.03 revenue$12,448,000

Q4 revenue $15.1M (up 193% YoY); full-year revenue $44.5M (up 128% YoY), driven by Big Village acquisition.
Q4 net loss $5.9M (up 156% YoY); full-year net loss $35.6M (up 338% YoY), impacted by impairment charges.
Recorded $14.1M goodwill impairment and $2.9M intangible asset impairment for Ad Network and Owned & Operated units.
Adjusted EBITDA loss Q4 $616K (vs $694K YoY); full-year Adjusted EBITDA loss $3.9M (vs $2.5M YoY).
CEO cites transformative year with Big Village and Deep Focus; focus on profitable growth and smart M&A.

item 2.02 item 9.01

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 year ended December 31, 2023 results: revenue $44.5 million, net income $35.6 million.

Period: the year ended December 31, 2023
Revenue: $44.5 million
Net income: $35.6 million
Result: reported results

Exact text from the filing

Revenue was $44.5 million, an increase of $25.0 million, or 128%, compared to $19.6 million for the same period of 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bright Mountain Media, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $15.1 million, net income $5.9 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $15.1 million
Net income: $5.9 million
Result: reported results

Exact text from the filing

Revenue was $15.1 million, an increase of $10.0 million, or 193%, compared to $5.2 million for the same period of 2022

View on SEC.gov

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Bright Mountain Media, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-014136

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