GLOBAL EAGLE REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2019
GLOBAL EAGLE ENTERTAINMENT INC (ENT)
Last global eagle entertainment inc earnings: 3/19 07:00 am
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US:NYSE Investor Relations:
investors.geemedia.com
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Source: GlobeNewswire
Record 2019 Revenue of $657 million2019 Net Loss of $153.4 million2019 Adjusted EBITDA* of $91.2 million 4Q19 Revenue of $163 million4Q19 Net Loss of $36.1 million4Q19 Adjusted EBITDA* of $24.6 million LOS ANGELES, March 19, 2020 (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 fourth quarter and full year ended December 31, 2019. For the fourth quarter of 2019, Global Eagle recorded revenue of $163 million, incurred a net loss of $36.1 million, and generated Adjusted EBITDA* of $24.6 million despite the continued headwind from the Boeing 737 MAX grounding. For the full year 2019, Global Eagle generated record revenue of $657 million, incurred a net loss of $153.4 million, and generated Adjusted EBITDA* of $91.2 million. “We continue to make substantial progress a
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