BRIGHT MOUNTAIN MEDIA INC - BMTM STOCK NEWS

Bright Mountain Media (BMTM) announced preliminary unaudited results for 2020, showing a significant 130% increase in revenue to approximately $16 million, up from $7 million in 2019. The growth was attributed to the acquisition of Wild Sky Media.

However, the company expects a net loss from operations between $75-$80 million, largely due to non-cash impairment charges of about $61 million. Bright Mountain aims for strategic acquisitions to enhance growth and shareholder value moving forward.

Boca Raton, FL, May 13, 2021 – Bright Mountain Media (OTCQB: BMTM) announces its inaugural event, 'Hello, Baby!', targeting expecting parents on May 15, 2021. The event will feature five interactive sessions covering essential topics such as breastfeeding, baby care, and nutrition, led by renowned experts. CEO Emily Smith highlights the company's mission to offer valuable insights to the Mom.com community. Participants can engage with speakers, receive giveaways, and explore essential parenting guidance. Registration is available on Mom.com.

Bright Mountain Media (OTCQB: BMTM) launched a new series called “Pregnancy IRL”, focusing on the real-life experiences of pregnancy. This initiative responds to recent data indicating a projected 13% decline in U.S. births for 2021 compared to 2019, attributed to pandemic-related stress among pregnant women. The series aims to provide support and guidance through various digital platforms, featuring expert advice and community insights. The first segment, “Pregnancy Week by Week,” will debut on Mom.com, offering week-by-week resources for expecting mothers.

Bright Mountain Media (OTCQB: BMTM) will present at the Q2 Virtual Investor Summit on May 18, 2021, at 2:15 p.m. Eastern time. The company's Chief Financial Officer, Edward Cabanas, and Todd Speyer, Director and CEO of BM LLC, will be the presenters. One-on-one meetings with institutional investors will also be hosted during this event. Registration is mandatory for attendance. Bright Mountain Media connects brands with targeted demographics through its digital media and advertising platform, reaching over 230 million users monthly.

Bright Mountain Media (OTCQB: BMTM) reported record engagement metrics for Wild Sky Media in Q1 2021, with an average time spent per user of 3.9 minutes, surpassing competitors' 2.3 minutes by 70%. The average views per user reached 7.1, a remarkable 145% improvement over the competitors’ 2.9 views. These metrics indicate strong user engagement, correlating with revenue growth potential. The company’s extensive portfolio, which reaches over 230 million users monthly, positions it favorably in the digital media industry.

Bright Mountain Media launched a series of articles on LittleThings.com to promote awareness of alcoholism during Alcohol Awareness Month. Emily Smith, CEO of Wild Sky Media, highlights the pandemic's impact on alcohol consumption, citing a 27% increase. The initiative shares personal stories and resources, focusing on the 'Wine Mom' trope and its problematic nature. Articles include topics on recognizing addiction signs, discussions about recovery, and support for families affected by alcohol dependency, aimed at reaching those most in need.

Bright Mountain Media (OTCQB: BMTM) has launched a new series titled “COVID-19: One Year Later,” aimed at showcasing the impacts of the pandemic on families across the U.S. The initiative reflects on significant changes in jobs, education, and mental health stemming from the pandemic, particularly among mothers. CEO Emily Smith highlights how the lockdown has reshaped family dynamics, emphasizing resilience during challenging times. This series is featured on their family of websites, including Mom.com and Café Mom.