Global Eagle Reports Financial Results for the First Quarter of 2019
GLOBAL EAGLE ENTERTAINMENT INC (ENT)
Last global eagle entertainment inc earnings: 3/19 07:00 am
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Source: GlobeNewswire
Gross Margin Increased 6 percentage points Sequentially Driven by Aviation ConnectivityRecord First-Quarter Revenue and Major New Inflight Connectivity AwardChristian Mezger Appointed Chief Financial Officer LOS ANGELES, May 14, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced financial results for the first quarter ended March 31, 2019. For the first quarter of 2019, Global Eagle recorded revenue of $167 million; incurred a net loss of $37.6 million and generated Adjusted EBITDA* of $18.5 million. The Company also announced that it is considering the sale of certain businesses and assets which may include elements of its Maritime, Enterprise, and Government business as well as equity interests in joint ventures. Financial Results During the first quarter, Global Eagle made significant financia
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