Bright Mountain Media, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:01 pm EST
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Bright Mountain Media, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 15.29 million compared to USD 5.24 million a year ago. Net loss was USD 19.77 million compared to USD 2.23 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.01 a year ago.
For the nine months, sales was USD 29.4 million compared to USD 14.42 million a year ago. Net loss was USD 29.63 million compared to USD 5.8 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.04 a year ago.
Bright Mountain Media, Inc. focuses on digital publishing, advertising technology, consumer insights, creative and media services. The Company has an end-to-end digital media and advertising services platform that connects brands with targeted consumer demographics. Its digital publishing division focuses on developing content that attracts an audience and monetizes that audience through advertising. Its portfolio of owned and operated Websites is focused on moms, parenting, families, and more broadly, women. The portfolio consists of Websites, including Mom.com, Cafemom.com, LittleThings.com, and MamasLatinas.com. Its advertising technology division focuses on delivering targeted ads to audiences on owned and operated sites as well as third-party publishers through the deployment of technologies. Its consumer insights division focuses on providing primary and secondary research, competitive intelligence, and insight to address customers' strategic issues.
BRIGHT MOUNTAIN MEDIA, INC. 
