Propel Media, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. The Company achieved revenue of $15.3 million and adjusted EBITDA of $3.2 million in its 2016 first quarter. Operating income was $2,153,000 compared to $4,655,000 a year ago. Loss before income tax benefit was $1,083,000 compared to income before income tax benefit of $2,248,000 a year ago. Net loss was $663,000 compared to net income of $33,572,000 a year ago.

For the first quarter ended March 31, 2016, the company reported Impairment of software and video library were $183,000.