Bright Mountain Media, Inc Announces First Quarter 2025 Financial Results

Core Insights - Bright Mountain Media, Inc. reported a 14% year-over-year revenue growth in Q1 2025, reaching $14.2 million, driven primarily by its advertising technology division [2][3][6] - The gross margin increased by 36% to $4.3 million, indicating effective operational leverage and strategic execution [2][6] - The company experienced a net loss of $3.2 million, which is a 32% improvement compared to the net loss of $4.8 million in Q1 2024 [7][9] Financial Performance - Revenue for Q1 2025 was $14.2 million, up from $12.4 million in Q1 2024, an increase of $1.7 million [3][6] - Advertising technology revenue was approximately $4.2 million, while consumer insights revenue was about $7.0 million [3] - The cost of revenue rose to $9.9 million, a 7% increase from $9.3 million in the same period of 2024 [7] Operational Highlights - The increase in revenue was attributed to the advertising technology division's ability to attract high-value advertisers and onboard premium publishers [2][3] - General and administrative expenses decreased by 14% to $4.5 million compared to $5.2 million in Q1 2024 [7] - Adjusted EBITDA for Q1 2025 was $816,000, a significant increase of 173% from an adjusted EBITDA loss of $1.1 million in Q1 2024 [7][16] Company Overview - Bright Mountain Media operates a diverse portfolio that includes digital publishing, advertising technology, consumer insights, and media services [4] - The company aims to deliver a full spectrum of advertising and media services, leveraging data-driven insights [4]