Redbox parent Outerwall will be reporting on its second quarter fiscal results next week. According to one analyst, while Redbox’s overall revenue will grow, its average revenue per kiosk will decline.
B. Riley & Co. analyst Eric Wold believes that even though Redbox’s per-kiosk revenue will decline by as much as 8.5 percent, the shortfall will be offset by the net addition of another 900 kiosks.
“We believe Q2 results are less important than management [indicates], at least in maintaining [second-half 2013] guidance,”
Wold also feels that a strong upcoming slate of releases in the second half of the year, driven by summer blockbusters, will also help Redbox’s fortunes the rest of this year.
How do you think things will go when Redbox reports its financials in a few short days?
[via Home Media Magazine]