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Last $2.09 USD
Change Today +0.07 / 3.47%
Volume 72.2K
AMCN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

airmedia group inc-adr (AMCN) Key Developments

Airmedia Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

AirMedia Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues were $67,537,000 compared to $78,581,000 for the same period a year ago. Net revenues were $65,794,000 compared to $77,214,000 for the same period a year ago. Loss from operations was $10,681,000 compared to loss from operations of $2,019,000 for the same period a year ago. Loss before income taxes was $10,332,000 compared to loss before income taxes of $900,000 for the same period a year ago. Net loss before net income of equity method investments was $13,446,000 compared to net income before net income of equity method investments of $905,000 for the same period a year ago. Net loss attributable to company shareholders was $11,204,000 or $0.09 per basic and diluted share compared to net loss attributable to company shareholders of $1,458,000 or $0.01 per basic and diluted share for the same period a year ago. Basic and diluted net loss attributable to company shareholders was $0.18 per ADS compared to basic and diluted net income attributable to company shareholders of $0.02 per ADS for the same period a year ago. Adjusted LBITDA attributable to company shareholders (non-GAAP) was a loss of $4.2 million compared to adjusted EBITDA $4.7 million a year ago. For the full year, the company reported revenues were $255,871,000 compared to $276,516,000 for the same period a year ago. Net revenues were $252,481,000 compared to $272,266,000 for the same period a year ago. Loss from operations was $34,758,000 compared to $18,199,000 for the same period a year ago. Loss before income taxes was $31,204,000 compared to $13,164,000 for the same period a year ago. Net loss before net income of equity method investments was $31,634,000 compared to $11,451,000 for the same period a year ago. Net loss attributable to company shareholders was $25,695,000 or $0.22 per basic and diluted share compared to $10,626,000 or $0.09 per basic and diluted share for the same period a year ago. Basic and diluted net loss attributable to company shareholders was $0.43 per ADS compared to $0.18 per ADS for the same period a year ago. Adjusted LBITDA attributable to company shareholders (non-GAAP) was a loss of $10.7 million compared to adjusted BITDA of $9.4 million a year ago. The company currently expects its net revenues for the first quarter of 2015 to range from $53.0 million to $56.0 million, representing a year-over-year decrease of 15.9% to 11.1% from the same period in 2014 and a quarter-over-quarter decrease of 19.4% to 14.9% from the previous quarter. The year-over-year decrease was primarily due to AirMedia's divestiture of its TV-attached digital frames and digital TV screens in airports, as well as a soft advertising market.

AirMedia Group Inc. Renews Concession Rights Contract with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd

AirMedia Group Inc. announced that it has recently renewed its concession rights contract with JCDecaux Momentum Shanghai Airport Advertising Co. Ltd. to continue to operate digital media in Shanghai Pudong International Airport and Hongqiao International Airport until February 2018.

AirMedia Group Inc. to Report Q4, 2014 Results on Mar 09, 2015

AirMedia Group Inc. announced that they will report Q4, 2014 results at 8:00 PM, US Eastern Standard Time on Mar 09, 2015

AirMedia Group Inc., Q4 2014 Earnings Call, Mar 09, 2015

AirMedia Group Inc., Q4 2014 Earnings Call, Mar 09, 2015

AirMedia Group Inc. Provides Revenue Guidance for 2015

AirMedia Group expects the decrease in total revenues in 2015 due to the divestiture of the television-attached digital frames and airport digital TV screens business to be less than 10% of its total revenues in 2014.

 

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