Angel Studios (ANGX 0.33%) stock tumbled 11.2% 9:40 a.m. ET Friday after reporting mixed Q4 earnings.
According to data from TheFly.com, only one Wall Street analyst had published an earnings forecast for Angel Studios, which held a SPAC IPO last September, and has only reported earnings (now) twice since. This analyst expected Angel to report a $0.20 per share loss on $92.6 million in revenue.
Angel actually reported $0.46 in losses on sales of $109.9 million -- better sales than expected, but worse earnings.
Image source: Getty Images.
A short history of Angel Studies
Angel Studios began life as a private company called VidAngel, publishing and selling edited versions of Hollywood blockbusters to remove offensive language and violence. Sued by Disney (DIS +0.05%) and others over copyright, VidAngel went bankrupt in 2020, only to come back as a private, crowd-funded movie producer called Angel Studios -- then parlaying this support into an IPO late last year.
The company today boasts more than 2 million active "paying guild members" -- some of whom also own Angel stock. It's also the company behind movies such as Sound of Freedom and David, as well as the children's series Tuttle Twins.
NYSE: ANGX
Key Data Points
How is Angel stock doing today?
Angel stock soared immediately after its IPO -- then crashed. After hitting a post-IPO high of $16 a share, the stock has traded in the mid-single digits for most of the past six months. So what are the chances Angel will recover?
The earnings results hold some promise. Q4 revenue soared 254% year over year, and full-year revenue was up 233%. Losses roughly doubled year over year, but Angel says adjusted EBITDA losses will "narrow" in 2026.
That's not a promise of real GAAP profits, though. Until those arrive, Angel stock will remain vulnerable to further declines.
