Earnings Releases·Nov 10, 2026, 4:35 PM ET

Angel — Third Quarter 2026 Earnings Summary

Total revenue surged 107.7% year-over-year to $159.0 million, while the net loss narrowed significantly to $5.2 million from $38.5 million in the prior year period, driven by a gross margin expansion to 63% and a reduction in Guild selling and marketing expenses to 55.2% of revenue.
The company reiterated full-year 2026 guidance for an Adjusted EBITDA loss under $25 million, supported by a 95.3% year-over-year increase in Guild revenue to $115.6 million and a 335,000 net member addition in Q3.
Strategic growth was fueled by the acquisition of *Tuttle Twins* and *The Wingfeather Saga*, a theatrical library scaled to over 1,500 releases, and a $29.0 million theatrical revenue quarter, with *Young Washington* emerging as the highest-grossing domestic release of 2026.
Balance sheet strength improved with deferred revenue rising to $98.5 million and total notes payable decreasing to $75.5 million, alongside a $10.3 million net cash inflow from operating activities for the quarter.