Exhibit 99.1

 

  GLOBAL EAGLE ENTERTAINMENT

 

GLOBAL EAGLE ENTERTAINMENT REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS

 

Record Q4 2015 revenue of $113.2 million and Adjusted EBITDA* of $15.5 million, representing year-over-year growth of 12% and 50%, respectively; 2015 full year revenue of $426.0 million and Adjusted EBITDA* of $50.0 million

 

2015 year-over-year revenue growth of 29% and 11% from Connectivity services and Content, respectively

 

Full year 2015 contribution margin expanded year-over-year by 7 percentage points to 34% and Adjusted EBITDA* margin expanded over 4 percentage points to 12%

 

Won and renewed multiple major Content contracts in Q4, including Japan Airlines, Oman Air and another major Middle Eastern carrier, as well as numerous global advertising sales agreements

 

Airconnect connectivity system now installed on over 700 aircraft:

 

New Connectivity deals with Jet Airways and Shareco for Hainan Airlines and Beijing Capital Airlines

 

Installations underway at flydubai

 

Air France/Orange trial underway; Expanded trial with Air China to include Boeing 737NG aircraft

 

Operations Solutions captured 10 new wins in the past six months, including Lufthansa and Swiss Air, among others

 

LOS ANGELES, CA, March 3, 2016 - Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle”, “GEE” or the “Company”), a worldwide provider of media content, aircraft connectivity systems and operations solutions to the travel industry, today reported financial results for the fourth quarter ended December 31, 2015.

 

Results for Q4 2015 reached record levels, as GEE posted revenue of $113.2 million, Adjusted EBITDA* of $15.5 million and cash flows from operations of $9.6 million. Q4 2015 Adjusted EBITDA* grew 50% year-over-year driven by a 12% increase in revenue and a 4 percentage point increase in gross margin. Q4 year-over-year revenue growth was driven by increases in the number of Content customers, including 20 new wins in 2015, as well as expanded content sales to existing customers, growth in Airconnect-equipped aircraft and system usage, and new acquisitions, partially offset by lower equipment revenue. Excluding equipment revenue, quarterly revenue grew by 16% year-over-year.

 

“Fourth quarter and full year 2015 showed continued strong results for GEE. During 2015, we added 20 new Content Services customers, we signed multiple new Airconnect agreements, completed four M&A transactions and added Operations Solutions products, highlighting our growing portfolio of solutions for airlines,” explained Dave Davis, Chief Executive Officer of GEE. “In addition, we undertook multiple initiatives in 2015 to improve margins. These included new investments in content processing automation, purchasing of exclusive distribution rights for new content and reductions in bandwidth unit costs.”

 

"In 2016, we expect our positive momentum to continue. We are installing our Airconnect system on flydubai and expect to begin installs on Jet Airways, Hainan Airlines and Beijing Capital Airlines later this year. The Air France/Orange trial was successfully launched and we recently won a new trial with Air China on the Boeing 737NG,” continued Davis. “We also won 10 new airlines for our Operations Solutions products and will begin deployments later this year on Lufthansa and Swiss Air. GEE continues to make the investments necessary to offer our customers a leading-edge portfolio of solutions and we will continue to add significant new customers in 2016.”

 


The following information was filed by Global Eagle Entertainment Inc. (ENT) on Thursday, March 3, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Global Eagle Entertainment Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Global Eagle Entertainment Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Log in with your credentials

or    

Forgot your details?

Create Account