Alliance Entertainment Reports Fiscal Year 2026 Revenue Growth of 8% to $1.15 Billion
Alliance Entertainment reported an 8% increase in fiscal year (FY) 2026 revenue, reaching $1.15 billion. Adjusted diluted earnings per share rose by 24%, and adjusted EBITDA increased by 14%. The company also noted a significant rise in collectibles revenue—up 45%—along with growth across other product categories like physical movies (22%), CDs (25%), and vinyl records (13%). The fourth-quarter results showed an 18% year-on-year increase in revenue to $268.1 million, supported by a higher gross margin of 13.3%. Alliance Entertainment attributed this improvement to changes in product mix and reduced freight costs. The company also secured new exclusive distribution agreements with Paramount and Amazon MGM Studios. Following the earnings report, shares surged nearly 70% in premarket trading after falling below $9 per share. This strong performance was driven by improved financial metrics and a decline in interest expenses due to debt refinancing.
Tickers: $AENT
Topics: adjusted_earnings_per_share collectibles_sales revenue_growth stock_price_movement