Overview

* Bright Mountain Q3 revenue decreased 1% yr/yr due to market challenges

* Adjusted EBITDA improved 66% yr/yr

* Net loss improved 13% yr/yr, reflecting better cost management

Outlook

* Company highlights advertising technology as a key growth driver

* Company notes inflationary pressures affecting advertiser spending

Result Drivers

* ADVERTISING TECHNOLOGY - Division remains a key growth driver, leveraging platform to connect advertisers with premium inventory

* MARKET CHALLENGES - Q3 revenue decline attributed to inflationary pressures and conservative advertiser spending

* COST MANAGEMENT - Improved net loss and adjusted EBITDA reflect better cost management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $13.94

Revenue mln

Q3 Net -$2.83

Income mln

Q3 $1.33

Adjusted mln

EBITDA

Q3 $155,000

Operatin

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)