Boca Raton, Florida, July 20, 2021 (GLOBE NEWSWIRE) – Bright Mountain Media, Inc. (OTC: BMTM), an end-to-end digital media and advertising services platform, today provided preliminary revenue results for the fourth quarter ended December 31, 2020.
The Company expects total revenues for the fourth quarter of 2020 to be at least $ 6.6 million, representing a growth of 112% from revenues of $ 3.1 million in the previous year. fourth quarter of 2020. The increase in revenue is primarily due to the continued growth of the platform, including the acquisition of the Company’s publishing division, Wild Sky Media.
Revenues for the fourth quarter ended December 31, 2020 were in line with the Company’s previously announced preliminary financial results for fiscal 2020 of approximately $ 16 million, an estimated increase of 130% over revenues of 7. $ 0 million from the previous year.
Final recognized revenues are subject to Bright Mountain Media’s quarterly and year-end review and will be published with the Company’s unaudited financial statements and related 10-K report. Bright Mountain Media plans to file its Form 10-K 2020 later this month, which will be followed by its subsequent quarterly filings and re-listing on the OTCQB exchange.
“The expected fourth quarter 2020 revenue growth demonstrates the successful integration of Wild Sky Media and the success of our leading end-to-end digital media and advertising services platform,” said Kip Speyer, President and CEO of Bright Mountain. Media. “We continue to work diligently to complete our 2020 year-end financials and file our 10-K later this month.”
About Bright Mountain Media
Bright Mountain Media, Inc. (OTC: BMTM) is an end-to-end digital media and advertising services platform, effectively connecting brands to targeted demographics by removing middlemen in the ad services process. The company’s publishing division, led by Wild Sky Media, offers significant global reach through hyper-engaging content and a multicultural audience, reaching over 230 million users each month as it tells the unique stories of our most diverse generation. The company’s strong website portfolio includes Mom.com, CafeMom, LittleThings, MamásLatinas, and many more. For more information, please visit www.brightmountainmedia.com.
Forward-looking statements for Bright Mountain Media, Inc.
This press release contains certain forward-looking statements which are based on current expectations and involve certain risks and uncertainties. These forward-looking statements can be identified by the use of words such as “should”, “could”, “intends”, “plans”, “believes”, “estimates”, “plans”, “” plans “And” proposes “and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those. expressed or anticipated in forward-looking statements. forward-looking statements, including, without limitation, statements made regarding expectations of our ability to successfully integrate acquisitions, and the achievement of any expected benefits from such acquisitions. You are urged to carefully review and consider all caveats and other disclosures, including statements made under “Risk Factors” in Bright Mountain Media, Inc.’s Annual Report on Form 10-K for fiscal year ended December 31, 2019, as filed with the Securities and Exchange Commission on May 14, 2020 and our other SEC filings. Bright Mountain Media, Inc. assumes no obligation to update forward-looking statements, except as required by law.
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