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BMTM — Bright Mountain Media News Story

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TechnologyHighly SpeculativeMicro CapValue Trap

Bright Mountain Q3 revenue down

Overview

Bright Mountain Q3 revenue decreased 1% yr/yr due to market challenges

Adjusted EBITDA improved 66% yr/yr

Net loss improved 13% yr/yr, reflecting better cost management

Outlook

Company highlights advertising technology as a key growth driver

Company notes inflationary pressures affecting advertiser spending

Result Drivers

ADVERTISING TECHNOLOGY - Division remains a key growth driver, leveraging platform to connect advertisers with premium inventory

MARKET CHALLENGES - Q3 revenue decline attributed to inflationary pressures and conservative advertiser spending

COST MANAGEMENT - Improved net loss and adjusted EBITDA reflect better cost management

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$13.94 mln
Q3 Net Income-$2.83 mln
Q3 Adjusted EBITDA$1.33 mln
Q3 Operating Income$155,000
Press Release: ID:nGNX9ZFfCw For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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