Alliance Entertainment jumps on Q4 results beat
AENT•Reporting note
Reporting by Darshan Kumar in Bengaluru.
Shares jump after earnings and revenue beat
Shares of entertainment products distributor Alliance Entertainment AENT.O rose 90.7% to $10.50 premarket.
The stock is set to open at its highest level since its market debut in March 2021, if gains hold.
The company reported fourth-quarter adjusted earnings per share of 6 cents, above analysts' estimate of 1 cent, according to data compiled by LSEG.
Fourth-quarter revenue of $268.1 million beat analysts' estimates of $235 million.
Fiscal 2026 revenue and year-to-date performance
FY26 revenue rose 8% year over year to $1.15 billion.
The stock was down 31.8% year to date as of the last close.
