AirMedia (AMCN) Reports Q1 Loss of $0.10/Share

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Go back to AirMedia (AMCN) Reports Q1 Loss of $0.10/Share

AirMedia Announces Unaudited First Quarter 2015 Financial Results

May 18, 2015 5:00 PM EDT

BEIJING, May 18, 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, as well as a first-mover in the in-flight and on-train Wi-Fi market, today announced its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

Total revenues decreased by 3.8% year-over-year and 9.7% quarter-over-quarter to US$61.0 million. Net revenues decreased by 4.4% year-over-year and 8.4% quarter-over-quarter to US$60.3 million, exceeding the upper end of the Company's previous guidance by US$4.3... More