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Alliance Entertainment Holding Corporation - $AENT STOCK NEWS

Welcome to our dedicated page for Alliance Entertainment Holding Corporation news (Ticker: $AENT), a resource for investors and traders seeking the latest updates and insights on Alliance Entertainment Holding Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alliance Entertainment Holding Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alliance Entertainment Holding Corporation's position in the market.

Rhea-AI Summary
Alliance Entertainment Holding Corporation (Nasdaq: AENT) announced the successful release of THE BLIND, which grossed over $17 million in box office sales and hit #1 in pre-sales on Amazon. The film also achieved #1 in overall DVD sales and Faith/Spirituality categories. With a 99% Rotten Tomatoes Audience Score, THE BLIND delivered an impressive $4.3 million in ticket sales opening weekend and prompted a 100% spike in physical disc pre-order quantity. The film shares never-before-revealed moments in Phil Robertson's life and is available now on Digital, DVD, and Blu-ray™ for $19.99.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
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none
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Rhea-AI Summary
Alliance Entertainment Holding Corporation (Nasdaq: AENT) reported Q1 FY 2024 net revenues of $226.8 million, a 5% decrease, with a positive adjusted EBITDA of $1.3 million. The company secured a $150 million credit facility, expanded partnerships, and announced exclusive content releases. Despite decreased revenues, gross profit increased by 3% to $26.3 million, driven by a profitable sales strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
-
Rhea-AI Summary
Alliance Entertainment Holding Corporation has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing its annual report on Form 10-K for the year ended June 30, 2023. The Company received a written notice from the Listing Qualifications Department of Nasdaq confirming its compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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Rhea-AI Summary
Alliance Entertainment Holding Corporation has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2023. Net revenues for the fourth quarter were $247.1 million, a decrease of 7% compared to the same period in 2022. Gross profit for the fourth quarter was $30.2 million, an increase of 6% compared to the same period in 2022. Net loss for the fourth quarter was $1.7 million. For the year ended June 30, 2023, net revenues were $1.2 billion, a decrease of 18% compared to the previous year. Gross profit for the year was $103.9 million, and net loss was $32.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.79%
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Rhea-AI Summary
Alliance Entertainment to participate in The ThinkEquity Conference on October 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.53%
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conferences
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Rhea-AI Summary
Alliance Entertainment Holding Corporation received a notice from Nasdaq stating that it no longer complies with a listing rule due to its failure to file an annual report on time. The company has 60 days to submit a plan to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
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none
Rhea-AI Summary
Alliance Entertainment celebrates achievement as an employee-owned company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.08%
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none
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Rhea-AI Summary
Alliance Entertainment Holding Corporation will be exhibiting at Toy Fair® in New York City, showcasing products from various vendors. Alliance is known for having the largest selection of Toys and Collectibles in North America. The event presents opportunities for business development and sourcing new products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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none
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Rhea-AI Summary
Alliance Entertainment to participate in LD Micro Main Event XVI Conference on October 3-4, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.84%
Tags
conferences
Rhea-AI Summary
Distribution Solutions partners with Future Today to expand reach and offer more options for viewers. MOVIESPREE and NCircle TV will be distributed on major OTT platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
partnership
Alliance Entertainment Holding Corporation

Nasdaq:AENT

AENT Rankings

AENT Stock Data

118.67M
3.25M
93.14%
0.39%
0.05%
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