Angel Studios reports $422.97 mln in revenue for FY22.

• Angel Studios reports Q4 revenue of $40.8mln, up 32% YoY • Digital revenue grows 35% YoY to $32.1mln • Digital subscribers increase 24% YoY to 2.1mln • Digital revenue accounts for 79% of total revenue • Total revenue for FY24 reaches $144.4mln, up 24% YoY • Digital revenue for FY24 grows 27% YoY to $119.3mln • Digital subscribers increase 22% YoY to 7.4mln • Digital revenue accounts for 83% of total revenue for FY24

Angel Studios, the publicly traded film and television studio, has reported strong financial performance for the fourth quarter of 2024. The company's Q4 revenue reached $40.8 million, marking a 32% year-over-year (YoY) increase. This growth is primarily driven by a significant rise in digital revenue, which grew by 35% YoY to $32.1 million Angel Studios Reveals ANGX Debut Sept. 11, 2025 – Why It Matters Now^[1].

The digital subscriber base also experienced substantial growth, increasing by 24% YoY to 2.1 million subscribers. Digital revenue now accounts for 79% of the total revenue, underscoring the company's successful pivot towards digital platforms. For the full fiscal year 2024, Angel Studios' total revenue reached $144.4 million, a 24% YoY increase. Digital revenue for FY24 grew by 27% YoY to $119.3 million, while digital subscribers increased by 22% YoY to 7.4 million. Digital revenue accounted for 83% of the total revenue for FY24 Angel Studios Reveals ANGX Debut Sept. 11, 2025 – Why It Matters Now^[1].

Angel Studios' Q4 performance highlights the company's ability to leverage its digital subscriber base to generate significant revenue. The growth in digital revenue and subscribers indicates a strong demand for digital content and a successful strategy in engaging audiences through digital platforms. This trend is particularly notable given the company's recent public listing and the growth of its Angel Guild, which now includes 1.5 million members Angel Studios Reveals ANGX Debut Sept. 11, 2025 – Why It Matters Now^[1].

The company's financial performance also reflects the broader trend of studios and streamers adopting direct-to-fan models. Angel Studios' success in this area could set a precedent for other niche studios, potentially reshaping how indie films are funded and marketed in the future. The company's ability to convert dedicated audiences into investors and revenue streams through its public listing and digital platforms is a significant development in the film industry Angel Studios Reveals ANGX Debut Sept. 11, 2025 – Why It Matters Now^[1].

In summary, Angel Studios' Q4 2024 revenue growth, driven by digital revenue and subscriber increases, underscores the company's successful strategy in engaging audiences through digital platforms. This performance highlights the potential for other niche studios to adopt similar models and suggests a significant shift in how indie films are funded and marketed.