AirMedia Reports Q4 Unaudited EPS of $0.10 vs. $0.08

AirMedia Group Inc. AMCN today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.

Total revenues increased by 56.6% year-over-year and by 16.8% quarter-over-quarter to US$70.8 million, a record high in AirMedia's operating history.

Adjusted net income attributable to AirMedia's shareholders, which is net income attributable to AirMedia's shareholders excluding share-based compensation expenses and amortization of acquired intangible assets, was US$7.2 million, improving from adjusted net loss attributable to AirMedia's shareholder of US$17.1 million in the same period one year ago and increasing by 88.2% quarter-over-quarter from adjusted net income attributable to AirMedia's shareholders of US$3.8 million in the previous quarter.

Adjusted basic and diluted net income attributable to AirMedia's shareholders per ADS was US$0.11 and US$0.10, respectively.