Global Eagle Reports Financial Results for the Second Quarter of 2018
GLOBAL EAGLE ENTERTAINMENT INC (ENT)
Last global eagle entertainment inc earnings: 3/19 07:00 am
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Source: GlobeNewswire
Reiterates 2018 Adjusted EBITDA guidance Strong revenue growth and gross-margin improvement in Media & Content segment Aviation Connectivity on track to accelerate growth in second half of 2018 LOS ANGELES, Aug. 09, 2018 (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 second quarter ended June 30, 2018. For the second quarter of 2018, Global Eagle recorded revenue of $166 million; incurred a net loss of $45.9 million; and generated Adjusted EBITDA* of $20.4 million. During the second quarter, Global Eagle’s market-leading Media & Content segment benefitted from strong growth in revenue and gross-margin improvement. Media & Content segment revenue grew period-over-period by 11.9%, with a second-quarter-2018 gross margin of 30.0%. This growth was primarily due to a
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