Nov. 14 at 5:07 PM
Noble Capital Markets Research Report: Alliance Entertainment Holding (
$AENT ) – Favorable Momentum Into Fiscal Second Quarter
Overachieved fiscal first quarter. Total revenues increased a solid 10.9% to
$253.9 million, better than our
$244.0 million estimate, bolstered by a 59% increase in movie sales. In addition, adj. EBITDA of
$12.2 million, up roughly 260% y-o-y, was better than our
$9.5 million estimate, reflecting a 330 basis point improvement in margins. Figure #1 Q3 Results highlights our estimates and the recent results.
Read more: https://www.channelchek.com/news-channel/alliance-entertainment-holding-aent-favorable-momentum-into-fiscal-second-quarter