- Bona Film Group (NASDAQ:BONA +0.8%) posted Q2 earnings that beat on top and bottom lines as it continued to benefit from solid growth of China's movie industry.
- Net income on a non-GAAP basis grew slightly, to $3.5M from the prior year's $3.4M. It's guiding to non-GAAP net income for Q3 of $4.5M-$5M. Adjusted EBITDA of $8.7M was up from last year's $5.5M.
- The company distributed five films in Q2, with top performers SPL2 and Insanity drawing RMB619M (about $96.5M) at the box office to date.
- Independent directors are continuing to evaluate a preliminary go-private offer from a group led by founder and CEO Yu Dong, for $13.70/ADS. Trading in the shares closed today at $11.61/share.
- Conference call to come at 8 p.m. ET.
- Press Release