Quarterly ResultMay 12, 2026, 03:29 PM
Bright Mountain Media Q1 Net Loss Improves 60% to $1.3M
AI Summary
Bright Mountain Media, Inc. announced its first quarter 2026 financial results, reporting a 60% improvement in net loss to $1.3 million compared to $3.2 million in Q1 2025. Adjusted EBITDA significantly increased by 189% to $2.4 million. Revenue saw a slight decrease of 2% to $14.0 million. The company is also investing in developing proprietary AI-driven capabilities to enhance its AdTech and MarTech platforms, aiming for long-term shareholder value creation.
Key Highlights
- Net loss improved 60% to $1.3 million in Q1 2026 from $3.2 million in Q1 2025.
- Adjusted EBITDA increased 189% to $2.4 million in Q1 2026 from $816,000 in Q1 2025.
- Revenue slightly decreased 2% to $14.0 million in Q1 2026 from $14.2 million in Q1 2025.
- General and administrative expense decreased 43% to $2.6 million.
- Advertising technology revenue was $6.6 million in Q1 2026.
- Consumer insights revenue was $5.0 million in Q1 2026.
- Company is investing internally to develop proprietary AI-driven capabilities.
- Gross margin remained consistent at $4.3 million for both Q1 2026 and Q1 2025.