Monitronics International announced earnings results for the first quarter ended March 31, 2013. For the quarter, net revenue of $100.2 million, an increase of 22.3% compared to $81.9 million for the three months ended March 31, 2012. The increase in net revenue is attributable to a 15.8% increase in the number of subscriber accounts and a 5.3% increase in average recurring monthly revenue (RMR) per subscriber to $39.74 as of March 31, 2013. Adjusted EBITDA was $69.4 million, an increase of 22.9% over the three months ended March 31, 2012. The increase in adjusted EBITDA for the quarter is primarily due to revenue and subscriber growth. Its adjusted EBITDA as a percentage of revenue was 69.3% compared to 69.0% for the three months ended March 31, 2012. Net income was $1.3 million compared to a net loss of $3.8 million in the prior year period.

Ascent Capital Group, Inc. announced that its wholly-owned subsidiary, Monitronics International, Inc. (Monitronics), has completed the repricing of its Senior Secured Credit Facility, which is comprised of a $150 million revolver and a Term Loan B under which $691 million remains outstanding. The repriced facility will now have a reduced interest rate of LIBOR plus 3.25% with a LIBOR floor of 1.00% for the Term Loan B and a reduced interest rate of LIBOR plus 3.75% with a LIBOR floor of 1.00% for the revolver. Concurrently, Monitronics extended the maturity of its Senior Secured Revolving Credit Facility by nine months to December 22, 2017. In conjunction with the repricing, Monitronics also amended its interest rate swap arrangement resulting in a new fixed interest rate of 5.0%, as compared to 6.2% on the former Term Loan B. Monitronics expects that the repricing will result in a pro forma annualized interest expense savings of approximately $8.1 million.

Monitronics International, Inc. reported earnings results for the fourth quarter and twelve months ended December 31, 2012. For the three months ended December 31, 2012, the company reported net revenue of $95.1 million increase of 17.5%. Adjusted EBITDA for the three months ended December 31, 2012 was $65.2 million, an increase of 22.7% versus the three months ended December 31, 2011. Adjusted EBITDA as a percentage of revenue was 68.6% for the fourth quarter of 2012, compared to 65.7% for the three months ended December 31, 2011. The lower margin for the three months ended December 31, 2011 is primarily attributable to a non-recurring $2.6 million charge related to an ongoing litigation matter recorded for the year ended December 31, 2011. The company reported a net loss for the three months ended December 31, 2012 of $3.4 million compared to a net loss of $1.8 million in the three months ended December 31, 2011. For the twelve months ended December 31, 2012, the company reported net revenue of $345.0 million increase of 10.6%. The increase in net revenue for the three and twelve months ended December 31, 2012 is primarily attributable to a 16.0% increase in Monitronics' subscriber accounts, driven by a bulk purchase of 93,000 accounts in the fourth quarter and continued account purchases from Monitronics dealers throughout the year, and a 5.4% increase in average RMR per subscriber to $39.50 as of December 31, 2012. The increase in net revenue for the year ended December 31, 2012 is also attributable in part to a $2.3 million fair value adjustment associated with deferred revenue acquired in the Monitronics Acquisition, which reduced net revenue for the year ended December 31, 2011. For the year ended December 31, 2012, Adjusted EBITDA increased 10.2%, to $236.3 million when compared to the year ended December 31, 2011. The increase in Adjusted EBITDA for the three and twelve months ended December 31, 2012 is primarily due to revenue growth. Adjusted EBITDA as a percentage of revenue for the year ended December 31, 2012 totaled 68.5%, compared to 68.8% for the year-ago period. The moderate decline for the year ended December 31, 2012 is primarily attributable to the increased number of accounts with interactive services monitored across the cellular network, resulting in higher telecommunications and service costs at Monitronics. The company reported a net loss for the twelve months ended December 31, 2012 of $16.0 million compared to a net loss of $6.0 million in the twelve months ended December 31, 2011.