Global Eagle Entertainment (ENT) Misses Q4 EPS by 7c
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Global Eagle Entertainment Reports Record Fourth Quarter and Full Year 2015 Financial Results
March 3, 2016 4:06 PM ESTÂ Record Q4 2015 revenue of $113.2 million and Adjusted EBITDA* of $15.5 million, representing year-over-year growth of 12% and 50%, respectively; 2015 full year revenue of $426.0 million and Adjusted EBITDA* of $50.0 million2015 year-over-year revenue growth of 29% and 11% from Connectivity services and Content, respectivelyFull year 2015 contribution margin expanded year-over-year by 7 percentage points to 34% and Adjusted EBITDA* margin expanded over 4 percentage points to 12%Won and renewed multiple major Content contracts in Q4, including Japan Airlines, Oman Air and another major Middle Eastern carrier, as well as numerous global advertising sales... More
