Global Eagle Entertainment (ENT) Misses Q3 EPS by 10c
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Global Eagle Entertainment Reports Record Third Quarter 2015 Financial Results
November 6, 2015 7:00 AM ESTRecord Q3 2015 revenue of $110.1 million, Adjusted EBITDA* of $14.1 million and positive cash flow from operations of $7.5 millionContribution margin expanded year-over-year by nearly 7 percentage points to 35% and EBITDA margin expanded over 4 percentage points to 13%Content revenue grew 14% year-over-year as GEE won contracts with numerous airlines worldwideReceived STC approval for installation of GEEs Airconnect connectivity system on Airbus A320 aircraftDeployed GEEs navAero Electronic Flight Bag (EFB) solutions to multiple new airlinesWon advertising sales agreements with two... More
