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Angel Studios Q3 revenue beats estimates as Guild membership grows

By Reuters News


Overview

  • US media platform's Q3 revenue more than doubled yr/yr, beating analyst expectations

  • Net loss narrowed to $5.2 mln from $38.5 mln a year ago

  • Growth driven by 'Young Washington' release and rising Guild memberships


Outlook

  • Angel reiterates 2026 full-year Adjusted EBITDA loss guidance of less than $25 mln

  • Company highlights holiday theatrical slate including 'Drummer Boy,' 'Hershey' and 'Zero A.D.'


Result Drivers

  • GUILD MEMBERSHIP GROWTH - Paying Guild members rose 86% yr/yr to 2.94 mln, driving Guild revenue higher

  • THEATRICAL RELEASES - Theatrical revenue rose to $29 mln from $5.5 mln a yr ago, led by 'Young Washington' and other new releases

  • IMPROVED MARKETING EFFICIENCY - Guild selling and marketing expense fell to 55% of Guild revenue from 75% a yr ago


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$159.02 mln

$140.36 mln (6 Analysts)

Q3 Loss Per Share

$0.027

Q3 Net Loss

$5.20 mln

Q3 Adjusted EBITDA Loss

$3.20 mln

Q3 Gross Margin

63.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the entertainment production peer group is "buy"

  • Wall Street's median 12-month price target for Angel Studios, Inc. is $9.00, about 143.9% above its November 9 closing price of $3.69


Reuters Recommended Reads

  • Nov 9 - Video game publisher Take-Two's Q2 revenue misses on decline in net bookings

  • Nov 9 - Take-Two lifts annual revenue, profit forecasts as 'GTA VI' launch nears

  • Nov 9 - Digital Turbine Q2 revenue rises 27%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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