AENT
Alliance Entertainment Holding Corporation7.35
+0.03+0.41%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Gaming weakness detailed; Authentic ramps up.
Q&A clarified gaming hardware's $24M drop and arcade's $34M plunge to Microsoft supply shortages and Arcade1Up's ownership shift to Basic Fun, but easier 2025 comps point to H2 moderation and holiday rebound. Music surprised with strength—16M vinyl and 13M CDs sold in 2025—bolstered by Q1 FY26 releases like Bruno Mars. Endstate Authentic ramps via Funko/Handmade launches at Toy Fair, video steelbooks/games next; team hires and PR push signal quick traction. Studio exclusive talks active sans timelines; M&A pipeline brims with accretive targets. Gaming dipped on supply snags. Management stayed bullish, eyes on Authentic execution.
Key Stats
Market Cap
815.54MP/E (TTM)
18.85Basic EPS (TTM)
0.39Dividend Yield
0%Recent Filings
8-K
Q2 profit up, exec deals signed
Alliance Entertainment posted Q2 FY26 net income of $9.4M ($0.18/share), up from $7.1M, with Adjusted EBITDA rising 15% to $18.5M and gross margin expanding 210bps to 12.8% despite 6% revenue dip to $369M. Physical media surged 33% to $114M; collectibles jumped 31%. Signed 3-year CEO and Chairman deals at $800K salaries each. Locks in leadership.
10-Q
Q2 FY2026 results
Alliance Entertainment posted Q2 revenue of $369M, down 6% y/y yet lifting gross margins to 13% from 11% on premium physical media and collectibles mix shift despite gaming weakness. Operating income climbed 17% y/y to $17M; net income rose to $9M or $0.18/share (diluted shares 51M), with warrant fair-value loss adding $0.9M drag. Cash held steady at $1M amid $14M operating outflow from inventory builds, backed by $120M Bank of America revolver ($85M drawn, $35M available). Endstate closed Dec 31 for $7.9M (cash/deferred/contingent), adding $5M goodwill and $3M intangibles (10-year life). Integration risks loom large.
8-K
Q1 revenue $254M, EBITDA surges
Alliance Entertainment reported Q1 FY2026 results on November 12, 2025, with revenue up 11% to $254M from physical media and collectibles strength. Gross margin expanded 340 basis points to 14.6%, driving Adjusted EBITDA up 259% to $12.2M and net income to $4.9M. AI tools boosted sales efficiency. Post-quarter, it secured a $120M credit facility. Refinancing boosts liquidity.
10-Q
Q1 FY2026 results
Alliance Entertainment surged to $254M revenue in Q1 FY2026 ended September 30, 2025, up 11% y/y from $229M, with gross margins expanding to 14.6% from 11.2% on stronger movie sales and the Handmade by Robots asset purchase closed December 2024 for $7.6M cash (inventory $0.8M, indefinite-lived trademark $6.8M). Operating income leaped to $10.5M from $2.1M, driving $4.9M net income ($0.10 diluted EPS) versus $0.4M; warrant fair-value loss of $1.5M offset some gains. Cash hit $3.2M with $2.7M operating cash flow (FCF $2.4M derived); revolver drew $56M on $120M facility (8.4% effective rate, $61M availability), refinanced October 1 with Bank of America. Customer concentration risks loom large.
8-K
Annual meeting elects directors
Alliance Entertainment stockholders elected Terilea Wielenga, Dmitry Kozko, and Sheila Bangalore as Class II directors at the November 6, 2025 annual meeting. Wielenga received 107,049,183 votes for versus 260,858 withheld; Kozko got 107,299,361 for and 10,680 withheld; Bangalore tallied 107,309,362 for and 679 withheld. Directors serve until the 2028 annual meeting. Electorate approved with overwhelming support.
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