AirMedia Group Inc.'s (AirMedia) 1Q 09 revenues were in line with our estimate, while operating and net level performance significantly underperformed expectations due to higher-than-expected total operating costs. The lower-than-expected 1Q 09 performance and Management's modest revenue guidance for 2Q 09, with weak economic conditions affecting air travel and advertising in China, lead us to take a cautious near term outlook....

AirMedia Group Inc. (AirMedia) reported a strong set of results in 4Q 08, with significant growth in 4Q 08 and FY 2008 revenues. Although revenues were marginally below our estimate, operating and net level performance was significantly below our expectations for 4Q 08 and FY 2008 due to higher-thanexpected total operating costs and expenses. Therefore, based on the lower-than-expected operating and net performances in…

CLICK VIEW REPORT TO READ FREE REPORT

AirMedia Group Inc.’s (AMCN) ADR has experienced a significant decline since our 3Q 08 update report, attributable mainly to weakness in equity indices precipitated by a global economic slowdown and the resultant challenging advertising environment in China which dampens the company’s growth prospects in the near to medium term. Nevertheless, our fundamental outlook for AirMedia’s performance is largely unchanged, led by…