Bright Mountain Media, Inc. (OTCID: BMTM) announced its financial results for the third quarter and nine months ended September 30, 2026, in a press release filed with the SEC on November 12, 2026. The company, which operates a portfolio of digital publishing, advertising technology, and media services businesses, reported a net loss of approximately $3.0 million for the third quarter of 2026. This represents a 6% decrease in net loss compared to the same period in 2025, which saw a net loss of $2.8 million.
Revenue for the third quarter of 2026 was approximately $11.6 million, a decrease of $2.3 million, or 17%, compared to $13.9 million in the prior year period. The company attributes this decline to portfolio optimization initiatives and broader market conditions. Revenue for the first nine months of 2026 totaled approximately $39.2 million, a decrease of $4.3 million, or 10%, compared to $43.5 million for the same period in 2025.
Despite the revenue decline, the company reported improvements in operating performance. Cost of revenue decreased by 15% to approximately $8.2 million for the third quarter of 2026 compared to $9.7 million in the prior year. General and administrative expenses decreased by 37% to approximately $2.6 million for the third quarter of 2026 compared to $4.1 million in the prior year. These reductions contributed to a gross margin of approximately $3.4 million for the third quarter of 2026, a decrease of 20% compared to the prior year.
Adjusted EBITDA, a non-GAAP financial measure, was approximately $1.5 million for the third quarter of 2026, an increase of 10% compared to adjusted EBITDA of $1.3 million for the same period in 2025. For the nine months ended September 30, 2026, adjusted EBITDA was approximately $3.6 million, an increase of 88% compared to adjusted EBITDA of $1.9 million for the same period in 2025. The company reported a net loss of approximately $7.5 million for the first nine months of 2026, an improvement of 26% compared to a net loss of $10.1 million for the same period in 2025.
The company’s balance sheet shows total assets of $32.75 million as of September 30, 2026, compared to $39.69 million as of December 31, 2025. Cash and cash equivalents were reported at $1.75 million as of September 30, 2026. The company’s subsidiaries include Deep Focus Agency, LLC, MediaHouse, Inc., BV Insights, LLC, and others.
