AirMedia (AMCN) Reports Q4 Loss of $0.09/Share
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AirMedia Announces Unaudited Fourth Quarter and Fiscal Year 2014 Financial Results
March 9, 2015 5:00 PM EDTBEIJING, March 9, 2015 /PRNewswire/ -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2014.
Fourth Quarter 2014 Financial Highlights
Total revenues decreased by 14.1% year-over-year and increased by 7.4% quarter-over-quarter to US$67.5 million. Net revenues decreased by 14.8% year-over-year and increased by 5.8% quarter-over-quarter to US$65.8 million. Net loss attributable to AirMedia's shareholders was US$11.2 million. Basic and diluted net loss attributable to... MoreAirMedia Renews Concession Rights Contract in Shanghai Airports
March 5, 2015 8:02 AM ESTBEIJING, March 5, 2015 /PRNewswire/ -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today 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.
"This is the second time we renewed the digital frames in two Shanghai airports, which demonstrated our long-term mutually beneficial relationship with JCDecaux Momentum Shanghai Airport Advertising Co., Ltd.... More
