MMX reported earnings results for the second quarter of 2014. For the quarter, the company reported loss of BRL 1.89 billion compared to a BRL 441 million in the year-ago quarter. Net revenue decreased 53% in the quarter to BRL 135 million, compared to BRL 284 million in the second quarter of 2013.

Adjusted EBITDA decreased to negative BRL 70.2 million from BRL 41.4 million, while adjusted EBITDA margin decreased to negative at 52% from 14.6%.