Propel Media, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. Revenues were $18,632,000 against $15,323,000 a year ago. Operating income was $6,734,000 against $2,153,000 a year ago. Income before income tax expense was $3,823,000 against loss of $1,083,000 a year ago. Net income was $2,398,000 or $0.01 per basic and diluted a year ago. Revenues, adjusted EBITDA and operating income grew by 21.6%, 130.0% and 213.8%, respectively, for first quarter 2017 as compared to first quarter 2016. Additionally, adjusted EBITDA in first quarter 2017 increased sequentially over fourth quarter 2016 by 6.2%. These 2017 improvements were due to an increase in the size of the user audience, improved monetization of that user audience and reductions in operating costs. Adjusted EBITDA (a non-GAAP measure) was $7,409,000 against $3,228,000 a year ago.

For the quarter, the company reported impairment charges were $20,000 against $183,000 a year ago.