Chicken Soup for the Soul Entertainment, parent of ad-supported streaming services like Crackle, reported disappointing second-quarter results but showed sharp gains in advertising and licensing revenue.Total revenue came in at $22.1 million, up 64% from $13.5 million in the year-ago quarter but down from $23.2 million in the prior quarter and short of analysts’ consensus forecast.
Analysts had expected revenue of $24.3 million. Losses reached 79 cents a share, not as wide as the 83 cents of a year ago but worse than the Street’s 55-cent outlook.In a conference call with analysts, CEO Bill Rouhana blamed a delay in deliveries of streaming series Hunters and Slasher, in which the company has an interest.
Read more on deadline.com
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