Jul. 20 at 4:38 PM
$ANGX These numbers will be in flux so this is by no means what I'd consider a scientific analysis however; 1Q26 total expenditure was roughly 118 Million dollars, multiply by 4 quarters gives you 472 Million of spend. If you take 3 Million Guild Members and multiply that by average yearly recuring revenue of 164.28 (13.69x12), you get roughly 493 Million. That flips Angel profitable and that doesn't even account for theatrical profits, post-theatrical sales, licensing deals, and merchandise.
Now, it's very possible they don't want to hit profitability yet and would rather spend that extra money to push for even more growth and to purchase even more content, which is totally fair and good business. The point of this is to say, at current pace, they very well COULD be profitable THIS YEAR. Which blows the 2028 profitability expectations clean out of the water.
