Mood Media Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2013. The company reported revenues of $129 million, a 54% increase versus $84.08 million for the prior year's quarter, and EBITDA of $26 million, a 20% increase versus the prior year's quarter, driven primarily by acquisitions. Net loss per share from continuing operations was $0.03 compared with net income of $0.01 in the prior-year period. Increased losses in the current period were driven by higher deferred income taxes and higher foreign exchange losses from financing transactions, which more than offset the improvement in EBITDA, reduced transaction and restructuring expenses, and lower financial expense. Income for the period before taxes was $1,422,000 against loss of $15,045,000 for the same period of last year. Loss for the period from continuing operations was $4,970,000 against income of $1,752,000 for the same period of last year. Loss for the period attributable to owners of the parent was $8,838,000 against $10,463,000 for the same period of last year. Net loss per basic and diluted share was $0.05 against $0.08 for the same period of last year.

The company's management re-affirms 2013 guidance.