Eros Int'l (NYSE: EROS) reported Q1 EPS of $0.03, $0.08 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $71.1 million versus the consensus estimate of $72.31 million.

Adjusted EBITDA increased by 56% to $18.1 million, compared to $11.6 million in the prior year period

Eros Now has already crossed over 1.1 million active unique paying subscribers who have paid for at least one month.

Outlook:

• Eros Now, having crossed its full year target of a million paying subscribers in the very first quarter of the year, hopes to maintain this momentum and achieve at least 2 million paying subscribers by the end of FY 2017 and 5 million paying subscribers by end of FY 18.
• Eros Now has a 5-year target of at least 15-20 million subscribers worldwide with a blended annual ARPU of $5 from India and $30 internationally with 80 percent of the target subscribers from India and the remaining 20% internationally.
• Eros Now is in the process of acquiring 10,000 more films to add to its existing library of 5,000 films and launching its original series in the second half of FY 17.
• Trinity Pictures continues to build its film franchises with the two Indo-China co-productions going into pre-production stage with a FY 2018 release date in mind.
• Bajirao Mastani to release in China in over 6,000 screens in the last week of October.
• Strong pre-sales visibility through television sales for the remainder of the FY 2017 slate.

For earnings history and earnings-related data on Eros Int'l (EROS) click here.