After Q2 Revenue Miss Despite ‘Super Mario’ Bonanza, Beleaguered Redbox Parent Company Weighing Strategic Options, CEO Says; Shares Plunge After Hours

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After Q2 Revenue Miss Despite ‘Super Mario’ Bonanza, Beleaguered Redbox Parent Company Weighing Strategic Options, CEO Says; Shares Plunge After Hours
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After Q2 Revenue Miss, CEO Of Beleaguered Redbox Parent Says Company Is Ramping Up Cost-Cutting Moves And Weighing Strategic Options; Shares Drop After Hours

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closed about a year ago, delivered second-quarter financial results reflecting the company’s struggle to fully digest the deal.

Citing a host of industry headwinds that have intensified since the transaction was completed, the company reported total revenue of $79.9 million in the quarter ending June 30. While that was more than twice the year-earlier figure of $37.6 million thanks to the addition of and its thousands of movie-rental kiosks, it fell well short of Wall Street analysts’ consensus expectation for $120.1 million.

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