Angel Studios just hit 2.5M subscribers. They are going through explosive growth while the stock is still priced in for lower expectations

**Ticker: ANGX**

I generated this chart from this website that Angel maintains: [https://www.angel.com/guild/impact](https://www.angel.com/guild/impact)

**Having trouble pasting the chart in, see my comment below.**

The gist of the chart is between 3/31 and 6/17 Angel was adding about 3,500 subs per day and from 6/18 until today that number has grown to about 15,000 per day.

In the last qtrly call, they guided 11% per qtr growth placing them at 3M subs by year end. About a week ago, Angel hit the boosters and they are on pace to blow past these numbers. Currently tracking 15%+ growth this qtr and on a path for (+-)4 Million subscribers, almost doubling the growth that they expected.

My theory is they are capturing subs at the theaters since the numbers correspond with increased ticket sales primarily due to Pixar, but I don't know.

They recently did a raise in order to access capital loan. With a growing subscriber base, they shouldn't need another raise ever as they get \~$13 revenue/month per subscriber. Currently sitting on 570M market cap.