AirMedia Q3 2012 Loss Grows to USD 27 Mln
AirMedia PR, 11/19/12
Chinese digital media network operator AirMedia Group (Nasdaq: AMCN) today announced its financial results for the three months ended September 30, 2012. Q3 2012 total revenues were USD 73.1 mln, representing a YoY increase of 4.3% from USD 70.1 mln and a QoQ increase of 7.3% from USD 68.1 mln.
Net loss attributable to shareholders was USD 27.3 mln, as compared to net loss attributable to shareholders of USD 1.7 mln in the same period one year ago and net loss attributable to shareholders of USD 1.5 mln in the previous quarter.
Revenues from digital frames in airports increased by 14.0% YoY and by 18.0% QoQ to USD 35.0 mln. The increase was attributed to the company's continued sales efforts and additional revenues from the rapidly growing product line of mega-size LED screens.
Revenues from digital TV screens in airports decreased by 20.5% YoY and by 19.7% QoQ to USD 2.7 mln. The decrease was primarily attributed to a drop in demand from advertisers.
Revenues from digital TV screens on airplanes decreased by 3.2% YoY and by 7.9% QoQ to USD 6.6 mln.
Revenues from traditional media in airports decreased by 5.8% YoY and 3.1% QoQ to USD 20.1 mln.
Revenues from the gas station media network increased by 3.6% YoY and by 70.7% QoQ to USD 3.9 mln.
Revenues from other media were primarily revenues from unipole signs and other outdoors media. Revenues from other media for the third quarter of 2012 increased by 31.5% YoY and increased by 6.2% QoQ to USD 3.0 mln. The increase was primarily due to an increase in real estate advertising in the third quarter of 2012.
AirMedia currently expects its net revenues for the fourth quarter of 2012 to range from USD 77.0 mln to USD 80.0 mln, representing a YoY decrease of 5.9% to 9.4% from the same period in 2011 and a QoQ increase of 7.9% to 12.1% from the previous quarter.
To view the complete report please see here.
Keywords: AirMedia loss television AMCN Q3 2012 revenue fiscal report out-of-home display digital media advertising
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