Operating Margin Improvement
Operating margins grew by 7% from the prior year quarter to 58%.
Successful Licensing Deal
Closed a $1.1 million licensing deal for Toxic Avenger, to be recognized in future periods.
Significant Growth in Streaming Viewers
Total streaming viewers increased by 47% year over year to 143.8 million.
Increase in Content Library Valuation
Content library re-evaluated at $45 million, significantly above the book value of $3.2 million.
Matchpoint Technology Success
Added over 20 new customers and launched Matchpoint 3.0, with significant interest from major studios.
Strong Performance in Ancillary Markets
Despite poor box office performance, Toxic Avenger is expected to be profitable with a 40% IRR, performing well in VOD, physical, and licensing.