Market Overview

AirMedia Announces Unaudited Second Quarter Financial Results

AirMedia Group Inc. (NASDAQ: AMCN) today announced its unaudited financial results for the second quarter ended June 30, 2010.

Total revenues for the second quarter of 2010 reached US$56.3 million, representing a year-over-year increase of 53.0% from US$36.8 million and a quarter-over-quarter increase of 15.5% from US$48.8 million.

Revenues from digital frames in airports for the second quarter of 2010 increased by 64.0% year-over-year and by 20.6% quarter-over-quarter to US$27.0 million.

AirMedia Group Inc. is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising.

Posted-In: Earnings News Markets

 

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