Global Eagle Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2018; Provides Earnings Guidance for the Year 2018
Global Eagle Entertainment Inc. reported unaudited consolidated earnings results for the three months ended March 31, 2018. For the quarter, the company reported total revenue of $156,497,000 against $152,592,000 a year ago. Loss from operations was $29,559,000 against $101,413,000 a year ago. Loss before income taxes was $42,993,000 against $122,795,000 a year ago. Net loss was $38,284,000 against $125,611,000 a year ago. Net loss per share basic and diluted was $0.42 against $1.47 a year ago. Adjusted EBITDA was $17,285,000 against $16,603,000 a year ago.
For the year 2018, the company expects minimum of 25% Adjusted EBITDA growth in 2018 versus 2017.