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Bright Mountain Media Inc   (BMAQ)
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Bright Mountain Media Inc 's

Competitiveness


 

BMAQ Sales vs. its Competitors Q3 2022



Comparing the results to its competitors, Bright Mountain Media Inc reported Total Revenue increase in the 3 quarter 2022 by 37.81 % year on year.
The sales growth was above Bright Mountain Media Inc 's competitors average revenue growth of 4.19 %, recorded in the same quarter.

List of BMAQ Competitors





Revenue Growth Comparisons




Net Income Comparison


Bright Mountain Media Inc recorded net loss and most of company's competitors saw decline in earnings by -22.77 %

<<  More on BMAQ Income Comparisons


Bright Mountain Media Inc 's Comment on Competitors and Industry Peers


The internet and industries that operate through it are intensely competitive. We compete with other companies that have significantly greater financial, technical, marketing, and distribution resources. Our competitors include FoxNews.com, Yahoo!, AOL and its subsidiary Huffington Post. Yahoo!, AOL and Huffington Post were recently acquired by Verizon Communications as it looks for growth in the digital, mobile and video marketplace.

We believe that we can effectively compete in the marketplace for the following reasons:

the acquisition of Daily Engage Media will accelerate the development of the Bright Mountain Media Ad Exchange Network;

we have limited ourselves to certain niche, but significant and identifiable, markets;

we have customized our websites to the interests of our users and provide excellent content and news; and

our CEO, W. Kip Speyer, has had extensive entrepreneurial and management experience, including experience with public companies.

Most of our competitors have significantly greater financial, technical, marketing and distribution resources as well as greater experience in the industry than we have. There are no assurances we will ever be able to effectively compete in our marketplace. Our websites may not be competitive with other technologies and/or our websites may be displaced by newer technology. If this happens, our sales and revenues will likely decline. In addition, our current and potential competitors may establish cooperative relationships with larger companies, to gain access to greater development or marketing resources. Competition may result in price reductions, reduced gross margins and loss of market share.





  

Overall company Market Share Q3 2022

Strong sales growth of 37.81 % in Overall company contributed to Bright Mountain Media Inc increase in total revenue by 37.81 %

Bright Mountain Media Inc improved its market share in this segment, to approximate 0.01 %.


<<  More on BMAQ Market Share.
 
*Market share is calculated based on total revenue.


BMAQ's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Bright Mountain Media Inc BMAQ 1,513.95 19.00 -8.00 19
Fox Corporation FOXA 17,548 14,150.00 1,138.00 9,000
Salem Media Group Inc SALM 35 267.28 15.81 0
Verizon Communications Inc VZ 154,413 134,499.00 21,604.00 0
SUBTOTAL 173,509.79 148,934.99 22,749.89 9,019
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