By Amira McKee
Shares of Alliance Entertainment fell after the company logged lower revenue in the second quarter.
The stock fell 23% to $4.91 in midday trading Friday. The shares have fallen around 3.7% in the past year.
The distributor of music, movies and consumer electronics posted a second-quarter profit of $9.4 million, or 18 cents a share, compared with $7.1 million, or 14 cents a share, a year earlier.
Revenue fell 6.4% to $368.7 million.
Alliance Entertainment said total operating expenses rose modestly, driven by investments in technology, personnel and infrastructure designed to support exclusive content partnerships and long-term scalability.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 13, 2026 12:15 ET (17:15 GMT)
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