Chicken Soup for the Soul Entertainment, which expanded its operations by acquiring Redbox last May, reported a wider fourth-quarter loss despite a big increase in revenue.
The company’s net loss in the quarter was $56.3 million, or $2.70 a share, compared to a loss of $22.4 million, or $1.38 a share, a year ago. Adjusted earnings before interest, taxes, depreciation and amortization rose to $14.7 million from $9.3 million a year ago.
