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Alliance Entertainment (AENT) investor relations material
Alliance Entertainment Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income rose to $9.4M ($0.18/share) in Q2 FY26, with adjusted EBITDA up to $18.5M and gross margin expanding to 12.8%, driven by premium physical media, collectibles, and exclusive content partnerships.
The company operates a large-scale physical media distribution platform, serving 175 online retailers and over 35,000 retail locations, with DTC channels contributing 37% of net revenue.
Strategic acquisitions, including Endstate and Handmade by Robots, and technology integration are enhancing authentication and lifecycle management for collectibles.
Focus remains on premium, high-margin categories and exclusive partnerships, reinforcing a shift to higher-value products and experiences.
DTC and digital platforms, along with exclusive content, are key growth drivers.
Financial highlights
Q2 FY26 net revenue was $369M, down 6% year-over-year, with gross profit at $47.1M and gross margin at 12.8%.
Net income for Q2 FY26 was $9.4M ($0.18/share), up from $7.1M ($0.14/share) year-over-year.
Adjusted EBITDA for Q2 FY26 was $18.5M (5% margin), up from $16.1M (4.1% margin) year-over-year.
Six-month net revenue was $623M, flat year-over-year; net income nearly doubled to $14.3M ($0.28/share) from $7.5M ($0.15/share).
Six-month adjusted EBITDA increased to $30.7M from $19.5M year-over-year.
Outlook and guidance
Management expects durable profitability and long-term value creation, focusing on exclusive content, premium inventory, and technology platforms.
Priorities include scaling Alliance Authentic, expanding exclusive partnerships, and growing the collectibles portfolio.
The Amazon MGM Studios agreement, effective January 2026, is expected to expand the physical media portfolio and support growth.
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