RLJ Entertainment (RLJE) Reports Q3 Loss of $0.22 on Revenues of $20.9M

RLJ Entertainment (NASDAQ: RLJE) reported Q3 EPS of ($0.22). Revenue for the quarter came in at $20.9 thousand, versus $0 reported last year.

Third Quarter 2017 Highlights:

• Digital Channels paying subscribers increased over 50% from the third quarter of 2016 to over 620,000.
• Digital Channels segment revenues increased 58.6% to $7.0 million from $4.4 million in third quarter 2016.
• Total net revenue increased 13.9% year-over-year to $20.9 million, primarily driven by a 58.6% increase in Digital Channels revenue. Our Wholesale Distribution segment revenue remained flat year-over-year.
• Gross Profit increased 16% year-over-year to $8.2 million from the third quarter of 2016 as higher revenue from the Digital Channels offset the increased investment in content.
• Equity Earnings from Agatha Christie Limited (ACL) increased by 74.0% to $1.7 million from the third quarter of 2016 as ACL continued to improve its film, TV distribution and publishing business segments.
• Net loss was $2.7 million, an improvement of $1.2 million from third quarter of 2016.
• Adjusted EBITDA grew 3.4% to $2.9 million from the third quarter of 2016 as a result of continued growth of the higher-margin Digital Channels segment and higher equity earnings from ACL.

For earnings history and earnings-related data on RLJ Entertainment (RLJE) click here.

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