Propel Media, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2015. The company announced revenue of $19.1 million against $20,587,000 for the same period of last year. Operating income was $5,054,000 against $7,085,000 for the same period of last year. Income before income tax was $1,409,000 against $7,085,000 for the same period of last year. Net income was $437,000 against $7,085,000 for the same period of last year. Net income per basic and diluted share was $0.00 against $0.05 for the same period of last year. Adjusted EBITDA (non-GAAP) was $5,960,000 against $7,419,000 for the same period of last year.

For the nine months, revenues were $60,052,000 against $66,237,000 for the same period of last year. Operating income was $13,021,000 against $22,647,000 for the same period of last year. Income before income tax was $3,032,000 against $22,646,000 for the same period of last year. Net income was $34,085,000 against $22,646,000 for the same period of last year. Net income per basic a nd diluted share was $0.14 against $0.15 for the same period of last year. Adjusted EBITDA (non-GAAP) was $15,294,000 against $23,623,000 for the same period of last year. The company's profitability was up significantly over the second quarter of 2015 due to the ability to improve advertiser performance metrics.