RLJ Entertainment (RLJE) Reports Q4 Revenues of $32.7M

RLJ Entertainment (NASDAQ: RLJE) reported Q4 EPS of $. Revenue for the quarter came in at $32.7 million.

Fourth Quarter 2017 Highlights

• Digital Channels paying subscribers increased over 50% from the fourth quarter of 2016 to over 680,000. Digital Channels segment revenues increased 50.4% to $7.8 million from $5.2 million in fourth quarter 2016.
• Total net revenue increased 15.3% year-over-year to $32.7 million, primarily driven by the increase in Digital Channels revenue. Wholesale Distribution segment revenue increased 7.9% year-over-year.
• Gross profit increased 52.0% year-over-year to $14.4 million and Gross margin of 44.2% expanded over 10 percentage points from 33.5% last year. These profit improvements were driven by growth in our Digital Channels revenue.
• Equity Earnings from Agatha Christie Limited (ACL) increased 219.5% year-over-year to $2.8 million; ACL film and publishing business segments grew year-over-year, primarily driven by Murder on the Orient Express theatrical release.
• Net income was $3.8 million, an improvement of $8.1 million from net loss of $4.3 million in fourth quarter of 2016.

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

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