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Alliance Entertainment Q3: Sales Surge, Collector Focus
Description
Alliance Entertainments Q3 earnings show robust growth, with net revenue up 21% to $258M, net income up 25% to $2.3M, and adjusted EBITDA up 4% to $5.1M. Year-to-date, revenue grew 5% to $881M, while net income surged 78% to $16.6M and EBITDA up 47% to $35.7M. Vinyl, CDs, physical movies, and collectibles all saw significant growth. The company is shifting towards high-value, collector-focused products, launching Alliance Authentic and partnering with Endstate. Financially, theyre disciplined with strong working capital and liquidity. Theyre also actively pursuing acquisitions to boost licensed collectibles. This strategic evolution positions them well as physical media and collectibles continue to trend up.
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