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Chicken Soup For The Soul Entertainment Clears Wall Street’s Q2 Bar On ‘Outpost’ Influx

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deadline.com
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Dade Hayes Finance EditorChicken Soup for the Soul Entertainment, parent of Screen Media and operator of Crackle, posted a 14% gain in revenue in the second quarter compared with the same period in 2019.Investors sparked to the company’s stock, boosting it more than 17% to $11.30, its highest point since March 2019.

Once the financial results were out, shares climbed another 3% in after-hours trading. In addition to the strong quarter propelled by transactional VOD returns for Screen Media film The Outpost, Crackle announced a distribution deal Wednesday on growing internet-delivered TV bundle Philo.The company’s total revenue of $13.9 million in the quarter exceeded Wall Street analysts’ consensus forecast for $12.7 million.

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