Edition:
United Kingdom

Global Eagle Entertainment Inc (ENT.OQ)

ENT.OQ on NASDAQ Stock Exchange Capital Market

2.50USD
11 Dec 2017
Change (% chg)

$0.15 (+6.38%)
Prev Close
$2.35
Open
$2.33
Day's High
$2.55
Day's Low
$2.32
Volume
84,912
Avg. Vol
118,604
52-wk High
$8.05
52-wk Low
$1.73

Latest Key Developments (Source: Significant Developments)

Global Eagle Entertainment Says Expects Q3 2017 Revenue To Be Between $151 Million And $156 Million
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Global Eagle Entertainment Inc ::GLOBAL EAGLE ENTERTAINMENT SAYS EXPECTS Q3 2017 REVENUE TO BE BETWEEN $151 MILLION AND $156 MILLION - SEC FILING.  Full Article

Global Eagle announces fourth quarter and full year 2016 results
Thursday, 19 Oct 2017 

Oct 18 (Reuters) - Global Eagle Entertainment Inc ::Global Eagle announces fourth quarter and full year 2016 results.Q4 revenue $165 million versus I/B/E/S view $157.1 million.  Full Article

Global Eagle Entertainment posts unaudited financial results for Q4 2016
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Global Eagle Entertainment Inc :Global Eagle Entertainment -audit committee concluded carrying value of goodwill of former maritime & land connectivity segment exceeded implied fair value.Global Eagle Entertainment - co must record non-cash goodwill impairment charge of $64.0 million in Q4 of 2016​.Global eagle entertainment-during q1 of 2017, due to significant decline in price of co's common stock, assessed for impairment carrying value of goodwill.Global Eagle Entertainment- committee concluded co must recognize non-cash goodwill impairment charge in Q1 for maritime & land connectivity segment​.Global Eagle Entertainment Inc - ‍preliminarily estimate additional impairment charge in Q1 will be $75.0 million to $80.0 million​.Global Eagle Entertainment says additional impairment in Q1 will not result in any current or future cash expenditures.Global Eagle Entertainment - ‍do not anticipate further impairments in carrying value of goodwill associated with the segment in Q2 or Q3 2017​.  Full Article

Global Eagle Entertainment ‍enters into extension letter
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Global Eagle Entertainment Inc :Global eagle entertainment- ‍entered into extension letter dated as of oct 6, among co, lenders party thereto related to credit agreement as of jan 6​.  Full Article

Global Eagle Entertainment, Qatar Airways sign content services agreement
Tuesday, 25 Oct 2016 

Global Eagle Entertainment Inc : Press release - Global Eagle Entertainment and Qatar Airways sign content services agreement .Company to provide inflight entertainment content services on Qatar Airways' commercial airliners, charter aircraft, executive business jets.  Full Article

Global Eagle Entertainment files for resale of up to 9.9 mln shares of co's common stock
Tuesday, 11 Oct 2016 

Global Eagle Entertainment Inc : Files for resale of up to 9.9 million shares of co's common stock by selling stockholders - SEC filing Source: (http://bit.ly/2dZB8Vo) Further company coverage: [ENT.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Global Eagle entered into settlement with UMG Recordings, Capitol Records, LLC, Universal Music Corp
Friday, 12 Aug 2016 

Global Eagle Entertainment Inc : Co, units entered into settlement agreement dated as of Aug 9 with UMG Recordings, Inc., Capitol Records, LLC, Universal Music Corp . Settlement agreement for resolving all claims relating to lawsuit filed by UMG against Co for music copyright infringement,related claims . Co agreed to compensate UMG and/or its designees ,a cash payment of $15 million plus issuance by co of 1.4 million shares of its common stock . Settlement agreement defines “UMG content” as original works of authorship owned or controlled by UMG or its affiliates .Settlement agreement also includes, on or prior to March 31, 2017, a cash payment of $5 million.  Full Article

Global Eagle sees FY revenue of $545-575 mln
Monday, 8 Aug 2016 

Global Eagle Entertainment Inc Sees Fy Capital Expenditures In Range Of $40 : Q2 revenue $112.3 million versus i/b/e/s view $115.2 million . GEE announces strong second quarter 2016 results . GEE is updating its full-year 2016 guidance given its acquisition of emc . Global Eagle Entertainment Inc sees fy capital expenditures in range of $40-45 mln . GEE sees fy revenue of $545-575 mln . GEE sees fy adjusted ebitda of $80-92 mln . Global Eagle Entertainment Inc qtrly loss per share $0.49 .Q2 revenue view $115.2 million -- Thomson Reuters I/B/E/S.  Full Article

Global Eagle Entertainment posts Q1 loss 0.03/shr
Monday, 9 May 2016 

Global Eagle Entertainment Inc : Global Eagle announces strong first quarter 2016 results . Qtrly shr loss 0.03 . Sees FY 2016 revenue $470 mln to $490 mln . Q1 revenue $113.8 mln vs I/B/E/S view $112.3 mln .Announced a transformative agreement to acquire EMC, a leader in network services for maritime and mobility, for $550 mln.  Full Article

Global Eagle Entertainment posts Q1 loss per share $0.03
Monday, 9 May 2016 

Global Eagle Entertainment Inc : Q1 revenue rose 13 percent to $113.8 million . Qtrly loss per share $0.03 . Reiterates its prior guidance for fiscal year ending December 31, 2016 . Q1 earnings per share view $-0.00, revenue view $112.3 million -- Thomson Reuters I/B/E/S . Has signed a definitive agreement to acquire emerging markets communications . Under agreement, GEE will pay $550 million for EMC . EMC shareholders will receive $30 million in cash and 6.6 million shares of gee stock at closing and another $25 million in 2017 . Combined company expected to generate pro forma revenue of $660-690 million in 2016 . Dave Davis, chief executive officer of GEE, will be CEO of combined company . Annual synergies from deal expected to reach $40 million . Abel Avellan, chief executive officer of EMC, is expected to serve as GEE's president and chief strategy officer .As result of deal, Abry Partners will buy equity position in GEE and right to nominate member to GEE's board of directors.  Full Article

BRIEF-Global Eagle Entertainment Says Expects Q3 2017 Revenue To Be Between $151 Million And $156 Million

* GLOBAL EAGLE ENTERTAINMENT SAYS EXPECTS Q3 2017 REVENUE TO BE BETWEEN $151 MILLION AND $156 MILLION - SEC FILING Source: (http://bit.ly/2iptmaN) Further company coverage: