Kew Media Group Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of $94.5 million, adjusted EBITDA of $6.8 million, net loss of $7.7 million, or $0.66 per share and adjusted net income of $5.9 million, or $0.50 per share. The results reflected good performance from the organic business, particularly the distribution segment, in addition to the positive effects of the acquisitions of TCB Media Rights and Sienna Films, net of the disposal of Aito Media.

For the year, on pro forma basis, the company reported revenue of $260.3 million, adjusted EBITDA of $19.7 million and net loss of $15.9 million. Core business adjusted EBITDA was $19.5 million.

The company provided revenue guidance for the first half and second half of 2018 and earnings guidance for the full year of 2018. In 2018, the company's results will reflect the first full year of trading from the acquisitions completed since March 2017. The company expects full year 2018 organic revenue growth (excluding the impact of any further acquisitions) in the high single-digit range, from Pro Forma 2017 revenues disclosed in this release, which included 1.5 months of Sienna and 2.5 months of TCB. The Company noted that, since the majority of the fiscal year 2017 revenue for both TCB and Sienna occurred in fourth quarter of 2017, annualizing their revenue for fiscal year 17 would not produce a material difference to the Pro Forma 2017 revenue. From a seasonality perspective, the company expects product deliveries and consequent revenues to be higher in the second half of 2018, compared to the first half. 2018 Adjusted EBITDA margins are expected to vary from quarter to quarter, but for the year as a whole they are expected to be similar to the Pro Forma 2017 EBITDA margins in this release. Guidance for 2018 Adjusted EBITDA margins includes an assumption of increased corporate overhead in KEW Media's business designed to position the company for future growth into 2019 and beyond.