Bright Mountain Media, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 02, 2024 at 02:58 am IST
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Bright Mountain Media, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 44.55 million compared to USD 19.58 million a year ago. Net loss was USD 35.56 million compared to USD 8.13 million a year ago.
Basic loss per share from continuing operations was USD 0.22 compared to USD 0.05 a year ago.
Bright Mountain Media, Inc. focuses on digital publishing, advertising technology, consumer insights, creative and media services. The Company has an end-to-end digital media and advertising services platform that connects brands with targeted consumer demographics. Its digital publishing division focuses on developing content that attracts an audience and monetizes that audience through advertising. Its portfolio of owned and operated Websites is focused on moms, parenting, families, and more broadly, women. The portfolio consists of Websites, including Mom.com, Cafemom.com, LittleThings.com, and MamasLatinas.com. Its advertising technology division focuses on delivering targeted ads to audiences on owned and operated sites as well as third-party publishers through the deployment of technologies. Its consumer insights division focuses on providing primary and secondary research, competitive intelligence, and insight to address customers' strategic issues.