Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

AirMedia Q2 Profit Up 242%

Press Releases, 8/11/08

Chinese digital media network operator AirMedia Group (Nasdaq: AMCN) has announced its unaudited financial results for Q2 2008, with net revenues reaching USD 29.8 mln, up 251.6% year-on-year and 37.9% quarter-on-quarter.

Net income for the quarter came to USD 7.3 mln, up 241.8% YoY and 0.7% QoQ.

Q2 revenues from digital frames in airports grew 63.4% sequentially to USD 11.0 mln, compared to nil in the same period one year ago. Revenues from digital TV screens in airports were 13 mln, up 166% YoY and 31.7% QoQ. Revenues from digital TV screens on airplanes were 4.6 mln, up 80.7% YoY and 19.5% QoQ.

The company estimates total 2008 revenues will reach between USD 122.4 mln to USD 126.4 mln, representing a year-on-year increase of 180.6% to 189.8% from fiscal year 2007.

To see AirMedia';s full earnings report, please click here.

Keywords: revenue profit in-vehicle display AirMedia AMCN Q2 2008 television fiscal report out-of-home display

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports