Trending...
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands - 117
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- The Sessions Studios Secures $300 Million Commitment to Launch World-Class Studio and 15-Film Global Slate
First quarter revenue increased 14% to $14.2 million compared to the first quarter of 2024. First quarter gross margin increased 36% to $4.3 million compared to the first quarter of 2024.
BOCA RATON, Fla. - Floridant -- Bright Mountain Media, Inc. (BMTM), 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 first quarter ended March 31, 2025.
Matt Drinkwater, the CEO of Bright Mountain Media, announced continued financial momentum in the first quarter of the year, highlighting solid gains across key performance metrics.
"We are very pleased with our strong and steady financial performance", said Drinkwater. "In Q1, revenue grew by 14% year-over-year, while gross margin increased by 36%, demonstrating meaningful operational leverage and strategic execution."
The Company attributes the increase in revenue primarily to the strong performance of its advertising technology division. "Our ad tech team has done an exceptional job leveraging our platform to attract high-value advertisers," added Drinkwater. "By onboarding premium publishers and optimizing inventory quality, we've seen increases in both volume and effective rates, driving substantial revenue growth."
More on The Floridant
Financial Results for the Three Months Ended March 31, 2025
Bright Mountain Media, Inc. unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media's subsidiaries include Deep Focus Agency, LLC, MediaHouse, Inc., BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit https://brightmountainmedia.com/
More on The Floridant
Forward-Looking Statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words.
Matt Drinkwater, the CEO of Bright Mountain Media, announced continued financial momentum in the first quarter of the year, highlighting solid gains across key performance metrics.
"We are very pleased with our strong and steady financial performance", said Drinkwater. "In Q1, revenue grew by 14% year-over-year, while gross margin increased by 36%, demonstrating meaningful operational leverage and strategic execution."
The Company attributes the increase in revenue primarily to the strong performance of its advertising technology division. "Our ad tech team has done an exceptional job leveraging our platform to attract high-value advertisers," added Drinkwater. "By onboarding premium publishers and optimizing inventory quality, we've seen increases in both volume and effective rates, driving substantial revenue growth."
More on The Floridant
- The Modern Insurance Store Expands Medicare Help Services for Seniors in Cincinnati
- Ironside HR Named Fastest-Growing Staffing Firm for Second Year
- Inframark Continues to Build Its Community Management Capabilities and Multi-Disciplinary Presence in Arizona
- ICAST 2025: The Crystal-Clear Revolution Begins at Booth #3233
- Bill Edwards Foundation for the Arts Showcases Local Youth with National Talent in Legally Blonde Jr
Financial Results for the Three Months Ended March 31, 2025
- Revenue was $14.2 million, an increase of $1.7 million, or 14%, compared to $12.4 million for the same period of 2024. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our creative services division, which was primarily due to a decrease in the number of projects for small tier revenue customers.
Bright Mountain Media, Inc. unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media's subsidiaries include Deep Focus Agency, LLC, MediaHouse, Inc., BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit https://brightmountainmedia.com/
More on The Floridant
- Brindle Pet Supplies Now Carries Badlands Ranch Dog Food in Canada
- GreenPointe Holdings announces promotion of Brad Odom to Development Director, North Florida
- $10 Million Allocated to Establish Crypto Treasury Focused on High Value Ethereum (ETH) & Bitcoin (BTC) as Long-Term Holdings for Cybersecurity Leader
- Sunshine Ace Hardware opens new retail store at Winchester Center near Orangetree community
- Sing For Your Supper: A Night of Musical Comedy and Drag for a Great Cause
Forward-Looking Statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words.
Source: Bright Mountain Media
Filed Under: Advertising
0 Comments
Latest on The Floridant
- Martin County Marine Flea Market & Seafood Fest Set for October 2025
- Stevens Construction completes Kari Mann Dental Studio
- Governor Ron DeSantis Appoints Jon Philipson to the Florida Commission on Ethics
- Governor Ron DeSantis Appoints Tim Weisheyer to the Florida State University Board of Trustees
- Florida: Governor Ron DeSantis Appoints Layla Collins to the State Board of Education
- Florida: Governor Ron DeSantis Appoints Jason James to the Greater Orlando Aviation Authority
- The Citizens Commission on Human Rights Annual Purple Heart Day Event will be Hosted at the Historic Fort Harrison
- Blake Harris the Leading Authority in International Asset Protection Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Premier Construction Business Brokers Announces the Addition of Consulting-Based Services
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science
- Carpet Inventory Software That Puts You Back in Control
- Why Dental Implants Are Becoming the Top Choice for Tooth Replacement in Sarasota?
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
- DigiByte (DGB) Eyes Coinbase Listing in July 2025 Amid Bitcoin Bull Run
- VDOCS Elevates Photo Preservation with Enhanced Ultra Clarity HD 1,200 DPI Scanning Services
- Rhyming Dog Detective Book for Kids Ages 3–7 Wins Praise from Parents and Teachers
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- Romance Lovers, Join the Becoming at The Starlight Bond Blog!
- Horizon Foundation signs largest investor in its history
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff