Angel Studios CEO Neal Harmon Outlines Audience-Driven Model, Guild Revenue, and Path to Profitability

Angel Studios CEO Neal Harmon discussed the company's audience-driven model, Angel Guild, which has 2.2 million members and yields a global Rotten Tomatoes audience score of 93. The company is pushing toward profitability, guiding to an adjusted EBITDA loss of less than $25 million this year, and plans to double its library and expand into third-party licensing. Harmon views theatrical releases as break-even community builders, while relying on guild-driven revenue as the core monetization. International expansion will follow after US scale and profitability.