Bright Mountain Provides Revenue Guidance for the Fourth Quarter Ended December 31, 2020
July 20, 2021 at 06:01 pm IST
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Bright Mountain provided revenue guidance for the fourth quarter ended December 31, 2020. The Company expects total revenues for the fourth quarter of 2020 to be at least $6.6 million, representing growth of 112% when compared to revenues of $3.1 million in the fourth quarter of 2020. The increase in revenue was primarily due to continued platform growth, including from the acquisition of the Company’s publishing division Wild Sky Media. Revenues for the fourth quarter ended December 31, 2020 were in line with the Company’s previously announced preliminary full year 2020 financial results of approximately $16 million, an estimated 130% increase as compared to revenue of $7.0 million in the previous year.
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.