Exhibit 99.1

AIRMEDIA GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(In U.S. dollars in thousands, except share and per share data)

	As of June 30,
	2018
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	4,369
Accounts receivable, net		11,233
Notes receivable		756
Prepaid concession fees		4,765
Other current assets, net		57,594
Amount due from related parties		1,231
Total current assets		79,948
Property and equipment, net		14,768
Prepaid equipment costs		1,177
Long-term investments		100,318
Long-term deposits		5,394
Other non-current assets		1,559
TOTAL ASSETS		203,164
Liabilities
Current liabilities:
Short-term loans		6,196
Accounts payable		46,189
Accrued expenses and other current liabilities		11,371
Deferred revenue		1,022
Income tax payable		13,446
Total current liabilities		78,224
Non-current liabilities:
Provision for earn out commitment		24,709
Total liabilities		102,933

AIRMEDIA GROUP INC. 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET - CONTINUED

(In U.S. dollars in thousands, except share and per share data)

	As of June 30,
	2018
	(Unaudited)
Equity
Ordinary shares ($0.001 par value; 900,000,000 shares authorized; 127,662,057 shares issued as of June 30, 2018, respectively; 125,629,779 shares outstanding as of June 30, 2018)		128
Additional paid-in capital		286,736
Treasury stock (2,032,278 shares as of June 30, 2018)		(2,351	)
Accumulated deficits		(190,859	)
Accumulated other comprehensive income		32,921
Total AirMedia Group Inc.'s shareholders' equity		126,575
Non-controlling interests		(26,344	)
Total equity		100,231
TOTAL LIABILITIES AND EQUITY	$	203,164

AIRMEDIA GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In U.S. dollars in thousands, except share and per share data)

	Six months ended June 30, 2018
	(Unaudited)
Revenues	$	14,778
Business tax and other sales tax		(119	)
Net revenues		14,659
Less: Cost of revenues		18,467
Gross loss		(3,808	)
Operating expenses:
Selling and marketing		4,408
General and administrative		13,166
Total operating expenses		17,574
Loss from operations		(21,382	)
Interest income, net		358
Other income, net		664
Loss from operations before income taxes and share of loss on equity method investments		(20,360	)
Income tax expenses		17
Net loss before (loss) on equity method investments		(20,377	)
Income (loss) on equity method investments		(488	)
Net loss		(20,865	)
Less: Net loss from operations attributable to non-controlling interests		(2,324	)
Net loss from operations attributable to AirMedia Group Inc.'s shareholders		(18,541	)
Net income (loss)	$	(20,865	)
Net income (loss) attributable to AirMedia Group Inc.'s shareholders	$	(18,541	)
Net loss attributable to AirMedia Group Inc.’s shareholders per ordinary share
- basic	$	(0.15	)
- diluted	$	(0.15	)
Net loss attributable to AirMedia Group Inc.’s shareholders per ADS
- basic	$	(0.30	)
- diluted	$	(0.30	)
Weighted average ordinary shares outstanding used in calculating net loss per ordinary share
- basic		125,629,779
- diluted		125,629,779