- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Del Mar Today
By the People, for the People
Southport Acquisition Reports Strong Q4 Growth
Guild membership and theatrical releases drive revenue surge, but losses widen due to marketing spend
Mar. 13, 2026 at 7:48pm
Got story updates? Submit your updates here. ›
Southport Acquisition (NYSE:ANGX) reported a sharp increase in revenue and Guild membership growth during its fourth-quarter 2025 earnings call. The company outlined a strategy focused on community-driven 'values-driven' content, theatrical releases as a growth and marketing engine, and operating efficiencies aided by artificial intelligence. However, the company's net loss widened due to increased marketing spend, particularly for the December release of the animated film 'David'.
Why it matters
Southport Acquisition's results highlight the potential of a community-focused, values-driven content strategy in the entertainment industry. The company's focus on theatrical releases as a 'lead generation' and community-building tool, rather than a standalone profit center, represents a unique approach. The growth in Guild membership and recurring revenue also demonstrate the appeal of this model to consumers.
The details
Southport Acquisition reported fourth-quarter 2025 revenue of $110 million, up 254% from the prior-year quarter. Guild membership revenue was a key driver, representing 62.9% of total revenue, up from 46.3% a year earlier. The company ended Q4 with 2.0 million Guild members, up from 1.6 million in Q3 and 550,000 at the end of 2024. Management said membership has since risen to 2.2 million. The company released eight films theatrically in 2025, including the animated musical 'David' and the romantic comedy 'Solo Mio'. Despite the revenue growth, Southport's net loss widened to $79 million in Q4, up from $37 million a year earlier, due to increased marketing spend, particularly for the late-quarter release of 'David'.
- Southport Acquisition reported fourth-quarter 2025 results on March 13, 2026.
- The company released the animated film 'David' in theaters on December 19, 2025.
- Southport Acquisition ended Q4 2025 with 2.0 million Guild members, up from 1.6 million in Q3 and 550,000 at the end of 2024.
The players
Southport Acquisition
A company that focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or assets, with a focus on the financial software space and mortgage and real estate verticals.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident
What’s next
The company said it expects to make additional theatrical announcements at CinemaCon in April.
The takeaway
Southport Acquisition's focus on community-driven, values-based content and its innovative approach to theatrical releases as a growth and marketing tool demonstrate the potential for mission-driven entertainment companies to compete at high levels. The company's rapid growth in Guild membership and recurring revenue suggests strong consumer demand for this model.
