Alliance Entertainment Holding Corp. (AENT) · Q2 2026 results and valuation

At −20.0% growth a year (3-year revenue growth), the model's fair value is $0.80 a share — the stock trades 474% above it. Today's price assumes 6.2% growth a year.

1. Figure

   Revenue grew due to 17.7% growth in vinyl revenue and 58.6% growth in CD revenue during the quarter.

   Source quote

   “Including 17.7% growth in vinyl revenue and 58.6% growth in CD revenue.”

2. Figure

   Collectibles revenue increased 45% to $32 million, contributing to growth alongside performance in the music and movies segments.

   Source quote

   “In addition to the strength in music and movies, collectibles revenue increased 45% to $32 million and distribution and fulfillment...”

3. Fading

   The company plans to grow its Collectibles category to improve margins and inventory efficiency while deepening relationships with licensors and expanding its presence with retailers.

   Source quote

   “As we continue to build out this category, we see Collectibles both complementary to our core distribution business and increasingly... ...an opportunity to introduce high-quality products, manage supply more intentionally and ultimately improve both margins and inventory efficiency. It deepens our relationship with licensors, expands our presence with retailers and allows us to participate more directly in the value creation of the products we sell.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 84% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Sentences that drove the tone

“We intend to build on the exceptional momentum in physical music, capture a full year of Amazon MGM, accelerate our higher margin collectibles business and owned brands, and expand Alliance...”

“As we enter fiscal year 27, expense discipline and converting gross profit growth into stronger operating leverage are important priorities.”

“In addition to the strength in music and movies, collectibles revenue increased 45% to $32 million and distribution and fulfillment fee revenue increased 26% to $18.6 million.”