Strong Revenue Growth
Revenue grew 11% year over year to $254 million, reflecting solid demand across physical media, collectibles, and direct-to-consumer channels.
Significant Improvement in EBITDA
Adjusted EBITDA increased to $12.2 million from $3.4 million a year ago, a 259% improvement, while gross margin expanded 340 basis points to 14.6%.
Expansion of Exclusive Content Portfolio
New distribution agreement with Virgin Music Group and ongoing success with Handmade by Robots and Paramount Pictures partnerships.
Strengthened Financial Position
Secured a new five-year $120 million senior secured revolving credit facility with Bank of America, reducing borrowing costs by up to 250 basis points.
Operational Advancements
Advancement in AI-powered sales transformation and operational efficiency gains through automation and AI initiatives.