Global Eagle Entertainment Inc (OQ:ENT)

Business Focus: Wireless Telecommunications Services

Sector:  Telecommunication Services Industry:  Wireless Telecommunications Services
See Regulatory Filings on SEC
Company Contact
Address: 6080 Center Dr Ste 1200
LOS ANGELES CA 90045-9209
Tel: N/A
IR: See website
Key People
Jeffrey A. Leddy
Executive Chairman of the company and Director of the board
Joshua B. Marks
Chief Executive Officer, Director
Christian M. Mezger
Chief Financial Officer, Executive Vice President
Wale Adepoju
Executive Vice President, Strategy Officer
Per Noren
Executive Vice President and Chief Commercial Officer
Business Overview
Global Eagle Entertainment Inc. is a United States-based provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company's segments include Connectivity and Content. Its Connectivity segment provides airline partners and passengers with Wi-Fi connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers. Its Content segment selects, manages and distributes wholly owned and licensed media content, video and music programming, applications, digital advertising solutions and games to over 150 airlines across the world, as well as to maritime and other away-from-home non-theatrical markets. The Company, through its product and services platform, provide airlines with a range of in-flight solutions, including Wi-Fi, movies, television, music, interactive software, as well as portable in-flight entertainment solutions, content management services and e-commerce solutions.
Financial Overview
For the three months ended 31 March 2019, Global Eagle Entertainment Inc revenues increased 6% to $166.6M. Net loss decreased 2% to $37.6M. Revenues reflect Media & Content segment increase of 7% to $80M, Connectivity segment increase of 6% to $86.6M. Lower net loss reflects General and administrative - decrease of 27% to $23.5M (expense), Sales and marketing exp. decrease of 35% to $5.6M (expense).
Employees: 1,517 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $773.82M as of Mar 31, 2019
Annual revenue (TTM): $657.22M as of Mar 31, 2019
EBITDA (TTM): $0.58M as of Mar 31, 2019
Net annual income (TTM): -$235.92M as of Mar 31, 2019
Free cash flow (TTM): -$117.68M as of Mar 31, 2019
Net Debt Last Fiscal Year: $709.71M as of Mar 31, 2019
Shares outstanding: 92,367,593 as of May 9, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization