- China's Bona Film Group (NASDAQ:BONA) is up 1% after hours in the wake of a largely in-line Q3 report, though revenue fell and profits declined by nearly half.
- Non-GAAP net income fell to $5.1M from a year-ago $9.3M. EBITDA of $9.9M beat an expected $8.2M.
- Revenue breakout: Film distribution, $47.8M; Film investment and production, $12.6M; Movie theaters, $33.8M; Talent agency, $0.1M. Intersegment eliminations were $15.4M.
- The company distributed and/or invested in five films, with top performers being Bride Wars (domestic receipts of 173.3M yuan, about $27.1M) and The Dead End (receipts of 304.5M yuan, about $47.7M).
- Cash and equivalents came to $150.9M as of Sept. 30, as cash used in operating activities jumped to $164.9M.
- Conference call to come at 8 p.m. ET.
- Press Release