Angel Studios : Investor Presentation

Published: 2026-05-08 08:27:13 ET ANGX

Published on 05/08/2026 at 08:27 am EDT

Q1 202G

Experienced leadership team across entertainment, technology, and public markets.

Neal Harmon

Chier Executive Orﬁcer

CEO and co-rounder or 6ngel Studios, producer or hits like Sound or Freedom and The Chosen. Founded in 2013 to champion uplirting ramily stories

Co-rounded Orabrush and Harmon Brothers

Holds a B6 and MS rrom Brigham Young University

Scott Klossner

Chier Financial Orﬁcer

Over 35 years experience in ﬁnance leadership and growth strategy ror public companies listed on N6SD6Q and NYSE

Holds a BS rrom University or Utah and MB6 rrom University or Southern Calirornia

Luk Janssens

Investor Relations

25 years experience in Fund Management, Equity Research, Investment Banking, and IR

Previously head or IR ror Darktrace, a FTSE100 Cyber 6I company

Part or the leadership team that managed Europe's most successrul tech IPO or 2021 raising >$250m

Jeanette Masters

Investor Relations

6ssisted the CEO and CFO throughout 6ngel's process or going public, supporting strategy, messaging, and market preparation

Holds a BS in Business Marketing rrom University or Phoenix

"Hollywood is out or touch with its audience. Our ramily asked: where are the good movies?"

- Neal Harmon, CEO

STREAMING

TV & Film streaming app, 2.22m monthly paying Guild members, 72% of Q1 2026 total revenues for Angel

THEATRICAL

10 theatrical releases in 2026, brand leadership for Angel, main source of new paying Guild members for the streaming service

LICENSING

As the tech & distribution partner for a wide variety of TV & Film, Angel also licences ﬁlm and TV shows for SVOD/PVOD

6ngel is changing the way streaming ﬁlm and TV series are being curated - and the results speak ror themselves.

2.22M

Guild Members

100% Growth YoY*

Total Revenue

$115.1M

+143% Growth YoY

72%

Guild Revenue of Total

140.2% Growth YoY

Average Revenue Per Member (Trailing Twelve Months)

Cumulative Revenue Share to Filmmakers

$13.66

$255M

* 6s or March 31, 202G

TV & Film Streaming Platrorm

CURATION

Angel founders democratised the curation of TV & Film by allowing Guild Members to vote-and it's working. Rotten Tomatoes scores are industry leading.

VALUES-BASED FILMS & TV SERIES

Angel stories amplify light. Guild members choose excellent stories that are true, honest, noble, just, authentic, lovely, or admirable.

REVENUE SHARE

Angel directly shares theatrical and streaming licensing revenue with the owners of the IP, which attracts top level talent. Angel does not take the risk of production on the balance sheet.

Like a 24/7 ﬁlm restival, Guild Members receive early access to view ﬁlms and series, orrer direct reedback to ﬁlmmakers, and vote, playing a key role in selecting the movies that get made.

Find Areas of Improvement

Learn more at https://www.angel.com/ﬁlmmakers

63%

81%

74%

71%

56%

6verage Rotten Tomatoes Popcornmeter ror wide releases by studio 2023-2025*

*https://www.rottentomatoes.com (Data sourced 6pril 22, 202G)

Values Based Films & Series

The Angel Guild Pledges to Amplify Light

"When I vote, I pledge to help choose excellent entertainment that is true, honest, noble, just, authentic, lovely, admirable or joyrul."

Angel Attracts ﬁlmmakers

COMPETITIVE: 6ngel's revenue share model replaces the large uprront advances paid by legacy streamers with

perrormance-based revenue share, aligning incentives with ﬁlm and TV show owners rather than competing on check size.

BEST FILMS & TV SHOWS: 6ngel's revenue share model is more attractive to ﬁlm and TV show owners, as the best stories share in the greater upside.

GROWING REV SHARE: The streaming platrorm (excluding theatrical, licensing, and other rorms or revenue) is annualizing at $3G5m (and growing strongly) and provides a large and growing revenue share pool.

Angel Guild Streaming Proﬁts

All Distribution Proﬁts

CUMULATIVE FILMMAKERS EARNED SINCE INCEPTION*

$254,643,348

As of March 31, 2026

* Based on Angel's internal ﬁgures. Learn more at https://www.angel.com/ﬁlmmakers

** Typical model based on standard Angel distribution framework; actual participation varies by project

INCREASES BRAND AWARENESS

Converts audiences into Guild members

Expands top-or-runnel lead generation at scale

IRL (In Real Lire) experiences are very popular

ATTRACTS PREMIUM FILMMAKERS

Theatrical distribution signals legitimacy and reach

Draws higher-quality creators to the platrorm

Strengthens long-term Guild library

EXPANDS AUDIENCE DEMOGRAPHICS

Each genre reaches new and broader audiences

Brings in customers who wouldn't otherwise discover 6ngel

Diversiﬁes and grows the Guild base

The Guild is the core or 6ngel's business model

*6s or March 31, 202G

$210M

G5% or Total

$36M

37% or Total

$3M

1% or Total

+1128% YoY

+488% YoY

$R3U6N 5RAMTE*

or recurring annualized revenue rrom the Guild

*Based on 2.22m paying Guild Members (Mar 202G) on average paying $13.G9 (trailing twelve month average) times twelve months is $3G4.7m annualized recurring revenue

Streaming is growing raster than box orﬁce, while theatrical releases show stronger streaming results. By letting viewers decide, not Hollywood executives, 6ngel discovered a massive, underserved market ror values-based entertainment.

TOTAL ADDRESSABLE MARKET US VIDEO STREAMING** GLOBAL VIDEO STREAMING**

GLOBAL

NETFLIX (US) 81M*

ANGEL GUILD 2.22M

Current Guild Members = 2.2M

35x to achieve Base T6M

C6GR or 21% rrom 2025 to 2034 C6GR or 20.90% rrom 2025 to 2034

Sources:

*Netﬂix US Subscribers (https://www.demandsage.com/netﬂix-subscribers/)

https://www.precedenceresearch.com/video-streaming-market

**Projected

6 Technology-Powered Studio

INTEGRATED TICKETING

First platform to integrate ticketing directly into the app. Flexible booking gives members seamless access to theatrical releases.

FIRST-PARTY DATA

Every ticket, view, and interaction tracked end-to-end. We trace conversions back to the speciﬁc ad or message, allowing us to approach break-even on theatrical spend.

80+ ENGINEERS

80 product and engineering team members building proprietary technology, with AI accelerating R&D across the platform. Today, most of our 300+ team members are building with AI.

angx.com

Disclaimer

Angel Studios Inc. published this content on May 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2026 at 12:26 UTC.