BOCA RATON, Fla. - iSportsWire -- Bright Mountain Media, Inc. (BMTM), 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 first quarter ended March 31, 2025.

Matt Drinkwater, the CEO of Bright Mountain Media, announced continued financial momentum in the first quarter of the year, highlighting solid gains across key performance metrics.

"We are very pleased with our strong and steady financial performance", said Drinkwater. "In Q1, revenue grew by 14% year-over-year, while gross margin increased by 36%, demonstrating meaningful operational leverage and strategic execution."

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The Company attributes the increase in revenue primarily to the strong performance of its advertising technology division. "Our ad tech team has done an exceptional job leveraging our platform to attract high-value advertisers," added Drinkwater. "By onboarding premium publishers and optimizing inventory quality, we've seen increases in both volume and effective rates, driving substantial revenue growth."

Financial Results for the Three Months Ended March 31, 2025

• Revenue was $14.2 million, an increase of $1.7 million, or 14%, compared to $12.4 million for the same period of 2024. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our creative services division, which was primarily due to a decrease in the number of projects for small tier revenue customers.

Bright Mountain Media, Inc. 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, MediaHouse, Inc., BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit https://brightmountainmedia.com/

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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. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words.