RLJ Entertainment Reports Second Quarter 2018 Financial Results
RLJ ENTERTAINMENT (RLJE)
US:NASDAQ Investor Relations:
rljentertainment.com
Company Research
Source: PR Newswire
SILVER SPRING, Md., Aug. 9, 2018 /PRNewswire/ -- RLJ Entertainment, Inc. ("RLJ Entertainment," "RLJE" or "the Company") (NASDAQ: RLJE), today announced financial results for the quarter ended June 30, 2018. Second Quarter 2018 HighlightsDigital Channels paying subscribers increased 49.1% from the second quarter of 2017 to over 820,000. Digital Channels segment revenues increased 46.0% to $9.4 million from $6.4 million in second quarter 2017. Net revenues increased 14.0% to $21.5 million, primarily driven by a $3.0 million increase in Digital Channels segment revenues. Gross profit increased 15.3% to $11.2 million and gross margin increased approximately 60 basis points to 52.3% in the second quarter 2018 from last year. Continued growth in our Digital Channels segment, which represents a larger portion of total revenues, drove the improvements in gross profit and gross margin. Equity earnings from Agatha Christie Limited (ACL) increased 48.2% year-over-year to
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