Bright Mountain Media nine-month net loss narrows 26% to $7.5 million; revenue falls 10% to $39.2 million
BMTM•Bright Mountain Media’s nine-month net loss narrowed 26% to approximately $7.5 million, while revenue fell 10% to $39.2 million. Third-quarter net loss widened to approximately $3 million as revenue fell 17% to approximately $11.6 million.
1. Quarterly results
Bright Mountain Media reported third-quarter 2026 revenue of approximately $11.6 million, down 17%, and a net loss of approximately $3 million, which widened. General and administrative expense dropped 37% to approximately $2.6 million. For the nine months ended September 30, net loss narrowed 26% to approximately $7.5 million. CEO Matthew Drinkwater highlighted efforts to streamline operations, strengthen the balance sheet and invest in AI-driven capabilities.
