Synacor (SYNC) Tops Q1 EPS by 4c; Raises Outlook on AT&T Deal

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Go back to Synacor (SYNC) Tops Q1 EPS by 4c; Raises Outlook on AT&T Deal

Synacor Beats Q1 2016 Guidance, Grows Margins, Wins AT&T Contract, Sets $300 Million Revenue Target

May 10, 2016 4:07 PM EDT

Revenue of $30.3 million and adjusted EBITDA of $1.5 million, exceeds Q1 2016 guidanceDelivers 13% year-over-year growth in Revenue, and 17% growth in adjusted EBITDAAnnounces plan to achieve $300 million in Revenue and $30 million in adjusted EBITDA in 3 years (2019)

BUFFALO, N.Y., May 10, 2016 (GLOBE NEWSWIRE) -- Synacor Inc. (NASDAQ: SYNC), the trusted multiscreen technology and monetization partner for video, internet and communications providers, device manufacturers, and enterprises, today announced its financial results for the quarter ended March 31, 2016.

We begin 2016 with another successful quarter for Synacor - delivering significant year-over-year... More