Bright Mountain Media, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Nine-month net loss $7.5 million, improving 26% year over year
- ➤Nine-month adjusted EBITDA $3.6 million, up 88% year over year
- ➤Third-quarter revenue $11.6 million, down 17% year over year
- ➤Third-quarter adjusted EBITDA $1.5 million, up 10% year over year
- ➤General and administrative expense fell 37% to $2.6 million in Q3
Expert Statements
Matthew Drinkwater, Chief Executive Officer of Bright Mountain Media
“Our third quarter reflects the continued progress we’re making in transforming Bright Mountain into a more focused, efficient, and profitable organization.”
Matthew Drinkwater, Chief Executive Officer of Bright Mountain Media
“While revenue continued to reflect the impact of portfolio optimization initiatives and broader market conditions, we delivered meaningful improvements in operating performance, including a 25% improvement in net loss for the first nine months of 2026.”
Matthew Drinkwater, Chief Executive Officer of Bright Mountain Media
“We believe the actions we’ve taken to streamline our operations, strengthen our balance sheet, and invest in AI-driven capabilities position us well to drive long-term value for our shareholders.”
Boca Raton, FL, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCID: BMTM) ("Bright Mountain", or the "Company"), a global holding company with current investments in digital publishing, advertising technology, consumer insights, creative services, and media services, today announced its financial results for the third quarter and nine months ended September 30, 2026.
"Our third quarter reflects the continued progress we're making in transforming Bright Mountain into a more focused, efficient, and profitable organization," said Matthew Drinkwater, Chief Executive Officer of Bright Mountain Media. "While revenue continued to reflect the impact of portfolio optimization initiatives and broader market conditions, we delivered meaningful improvements in operating performance, including a 25% improvement in net loss for the first nine months of 2026. We believe the actions we've taken to streamline our operations, strengthen our balance sheet, and invest in AI-driven capabilities position us well to drive long-term value for our shareholders."
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