Angel Studios Q4 Revenue Soars 254% to $110M as Membership Hits 2.2M
Angel Studios increased guild membership from 1.6 million to 2.2 million, driving annual recurring revenue to $360 million and Q4 2025 revenue up 254% to $110 million. Selling and marketing expenses surged to $121 million, contributing to a $79 million net loss in Q4 2025.
1. Record Membership and Revenue Growth
Angel Studios increased guild membership from 1.6 million to 2.2 million, pushing annual recurring revenue to $360 million and delivering Q4 2025 revenue of $110 million, a 254% year-over-year gain.
2. Profitability Challenges and Cost Structure
Selling and marketing expenses jumped to $121 million from $38 million, contributing to a $79 million net loss in Q4 2025 and prompting an adjusted EBITDA loss expectation of no more than $25 million in 2026.
3. Strategic Productivity and Theatrical Strategy
The company’s entry into the Apple Partner program is expected to add $300,000 monthly to the bottom line, while AI tools have driven a tenfold productivity improvement and theatrical releases serve as marketing events to fuel member acquisition and content engagement.