Bright Mountain Media, Inc Announces Fourth Quarter and Full-Year 2024 Financial Results
The Floridant/10298224

BOCA RATON, Fla. - Floridant -- Bright Mountain Media, Inc. (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 fourth quarter and year ended December 31, 2024.

• Fourth quarter revenue increased 13% to $17.1 million compared to the fourth quarter of 2023.
• Fourth quarter gross margin increased 1% to $5.5 million compared to the fourth quarter of 2023.
• Full-year 2024 revenue increased 27% to $56.7 million, compared to the full-year of 2023.
• Full-year 2024 gross margin increased 29% to $16.5 million, compared to the full-year of 2023.

Matt Drinkwater, the CEO of Bright Mountain Media, is thrilled to share news of our ongoing financial success. He commented, "We are delighted with our steady financial performance. In the fourth quarter, our revenue rose by 13%, and for the entirety of 2024, we saw a revenue increase of 27%, reaching $56.7 million. Additionally, our gross margin for the year climbed 29% to $16.5 million compared to last year.

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We are actively leveraging the strong synergies from our previous acquisitions while focusing on launching innovative products and services, and are striving to achieve our ambitious goal of creating a fully integrated marketing services platform."

About Bright Mountain Media

Bright Mountain Media, Inc. (BMTM) 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, BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream.  visit: https://brightmountainmedia.com/

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.