r/investing
Angel Studios just hit 2.5M subscribers. They are going through explosive growth while the stock is still priced in for lower expectations
Angel Studios' subscriber growth is exploding, far exceeding guidance, suggesting the stock is undervalued at its $570M market cap.
- Subscriber growth is accelerating rapidly, adding 15k/day recently vs 3.5k/day previously, far exceeding the 11% quarterly guidance.
- High ARPU (~$13/month) and growing user base mean the company will likely become self-sustaining without needing future capital raises.
- The stock is priced for lower expectations with a $570M market cap, presenting a significant undervaluation opportunity given the actual explosive growth.
I generated this chart from this website that Angel maintains: https://www.angel.com/guild/impact
This post has the chart, having trouble posting here: https://www.reddit.com/r/ANGXBulls/comments/1u6grde/angel\_subscriber\_data\_dump/
The gist of the chart is between 3/31 and 6/17 Angel was adding about 3,500 subs per day and from 6/18 until today that number has grown to about 15,000 per day.
In the last qtrly call, they guided 11% per qtr growth placing them at 3M subs by year end. About a week ago, Angel hit the boosters and they are on pace to blow past these numbers. Currently tracking 15%+ growth this qtr and on a path for (+-)4 Million subscribers, almost doubling the growth that they expected.
My theory is they are capturing subs at the theaters since the numbers correspond with increased ticket sales primarily due to Pixar, but I don't know.
They recently did a raise in order to access capital loan. With a growing subscriber base, they shouldn't need another raise ever as they get \~$13 revenue/month per subscriber. Currently sitting on 570M market cap.