Net loss from continuing operations was $1.2 million for the three months ended June 30, 2013, a decrease of $3.8 million compared to net income of $2.7 million for the same period in 2012, and net loss was $1.7 million for the six months ended June 30, 2013, a decrease of $5.2 million compared to net income of $3.5 for the same period in 2012. The net losses were due primarily to increases in operating expenses.Adjusted EBITDA increased $3.9 million, or 59%, to $10.5 million for the three months ended June 30, 2013, and increased $4.3 million, or 41%, to $14.7 million for the six months ended June 30, 2013.
Hemisphere Media Announces Second Quarter 2013 Financial Results
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