Chicken Soup for the Soul Entertainment surges on quarterly revenue growth

Chicken Soup for The Soul Entertainment

01/04/2022 10:44

** Entertainment company's  CSSE.O  shares jump 21.3% to
$9.69 premarket
    ** CSSE reports Q4 revenue of $36.0 mln, up 78% from $20.2
mln a year earlier 
    ** Co's Q4 net loss, however, more than doubles to $22.4 mln
from $10.1 mln 
    ** Overall revenue growth driven by increase in viewership,
sales in streaming, advertisement and licensing segments, and
production revenue - CFO Christopher M. Mitchell 
    ** Up to Thursday's close, stock fell about 83% from its
record high in June 2021; down 42% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))