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Bright Mountain Media, Inc. — Third Quarter 2026 Earnings Summary

BMTM
  • Revenue declined 17% year-over-year to $11.6 million for the quarter and 10% to $39.2 million for the nine-month period, driven by portfolio optimization and market conditions.
  • Net loss narrowed 26% to $7.5 million for the first nine months of 2026 (down from $10.1 million), while Adjusted EBITDA surged 88% to $3.6 million for the same period.
  • Management highlighted progress in transforming into a more efficient organization, citing a 37% reduction in G&A expenses and a 25% improvement in net loss performance for the nine months.
  • Balance sheet liquidity improved with cash and cash equivalents rising to $1.7 million and deferred revenue increasing to $4.5 million, though total liabilities remained stable at $116.8 million.
  • The company reaffirmed its strategy to streamline operations, strengthen the balance sheet, and invest in AI-driven capabilities to drive long-term shareholder value.