Successful third quarter coupled with revenue growth
Revenue increased 38% to $5.2 million compared to the third quarter 2021.
Gross margin was $2.1 million growing 2% as compared to the third quarter 2021.
Net loss of $1.9 million improved 34% as compared to a net loss of $2.9 million in 2021.
Adjusted EBITDA loss was $509,000 as compared to a loss of $490,000 in the third quarter of 2021.
Boca Raton, FL, Nov. 14, 2022 (GLOBE NEWSWIRE) — Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the“Company”), an end-to-end digital media and advertising services platform , today announced its unaudited financial results for the quarter ended September 30, 2022.
Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, Inc., stated,“despite macro-economic signals that could impact advertising budgets, we…
