Earnings ·
Angel Studios reports Q3 revenue growth of 107.7% to $159 million and net loss narrows to $5.2 million
ANGXAngel Studios, Inc.
Angel Studios reported third-quarter 2026 total revenue of $159.0 million, a 107.7% increase year-over-year and 42.4% quarter-over-quarter. Guild revenue reached $115.6 million, up 95.3% from the prior year period. The company added approximately 335,000 net new paying members to reach a total of 2.94 million. Net loss narrowed significantly to $5.2 million, compared to $38.5 million in Q3 2025 and $23.8 million in Q2 2026. Adjusted EBITDA loss improved to $3.2 million for the quarter. The company reiterated its full-year 2026 guidance of an Adjusted EBITDA loss of less than $25 million and generated positive operating cash flow of $10.3 million in Q3. Angel Studios operates as a media and technology company pioneering an audience-driven model for values-driven film and television content.