Financial Performance - For the three months ended September 30, 2020, the company's gross revenue was approximately $20.0 million, up from $17.0 million for the same period in 2019, representing a growth of 17.6%[163] - Adjusted EBITDA for the three months ended September 30, 2020, was $4.2 million, compared to a loss of $(0.4) million in the same period of 2019, indicating a significant improvement in operational performance[164] - For the nine months ended September 30, 2020, gross revenue reached $48.0 million, an increase of 50.5% from $31.8 million in the same period of 2019[163] - Net revenue increased by $2.6 million for the three months ended September 30, 2020, compared to 2019, primarily due to a $10.7 million increase in Distribution and Production revenue[186] - Total revenue for the three months ended September 30, 2020, was $19,970,612, an increase of 17% compared to $17,046,088 in the same period in 2019[1] - Net revenue for the three months ended September 30, 2020, was $19,361,751, reflecting a 15% increase from $16,790,694 in 2019[1] - Total revenue for the nine months ended September 30, 2020, was $47,987,760, a 51% increase from $31,783,115 in the same period in 2019[217] - Net revenue for the nine months ended September 30, 2020, was $46,126,364, reflecting a 49% increase from $30,954,330 in 2019[217] Revenue Breakdown - Online networks revenue decreased by $7.7 million for the three months ended September 30, 2020, primarily due to a $6.2 million decrease in advertisement representation revenue[187] - Distribution and production revenues increased by $10.7 million for the three months ended September 30, 2020, driven by a $7.3 million increase in TVOD and internet streaming revenue[188] - Online networks revenue decreased by $4,089,036, or 16%, to $21,038,965, while distribution and production revenue increased by $20,293,681, or 305%, to $26,948,795[217] Operating Expenses - Operating expenses for the three months ended September 30, 2020, were $15,814,467, representing 82% of net revenue, up from 76% in the same period in 2019[3] - Selling, general and administrative expenses increased by $2,929,680, or 46%, to $9,301,550, primarily due to a $1,447,737 increase in payroll, benefits, and commissions[3] - Total operating expenses increased by $20,213,164, or 89%, to $42,829,744, representing 93% of net revenue compared to 73% in 2019[222][223] - Selling, general and administrative expenses rose by $9,299,872, or 67%, to $23,194,223, primarily due to a $4.4 million increase in payroll, benefits, and commissions[225][229] Net Loss and Interest Expense - The company reported a net loss available to common stockholders of $(34,487,207) for the year 2020, compared to $(22,616,589) in 2019[175] - Interest expense for the year 2020 was $1,322,831, significantly higher than $483,363 in 2019[175] - Interest expense increased by $0.5 million for the three months ended September 30, 2020, primarily due to the issuance of 9.50% Notes due 2025[4] - Interest expense increased by $0.8 million for the nine months ended September 30, 2020, primarily due to the issuance of 9.50% Notes due 2025[237] Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2020, were $9.2 million, up from $6.5 million as of December 31, 2019[247] - The company anticipates that cash flow from operations, cash on hand, and monetization of trade accounts receivable will be adequate to meet operational cash and debt service requirements for the foreseeable future[262] - Net cash used in operating activities decreased to $13.8 million for the nine months ended September 30, 2020, from $16.4 million in the same period of 2019, primarily due to an $8.6 million increase in net income adjusted for non-cash items[248] - Cash provided by financing activities totaled $17.2 million for the nine months ended September 30, 2020, down from $21.2 million in 2019, primarily due to a $21.0 million public offering of 9.50% notes due 2025[259][260] Content and Distribution - The company has a majority stake in Crackle Plus, which operates various ad-supported and subscription-based VOD networks, enhancing its content distribution capabilities[156] - The company owns the copyright or long-term distribution rights to over 1,000 television series and feature films, representing one of the largest independently owned libraries of filmed entertainment globally[158] - The company has expanded its international distribution capabilities through the acquisition of the Foresight library, enhancing its market reach[159] - The company launched Landmark, a co-production subsidiary, in October 2019, focusing on the development and production of quality entertainment franchises[162] COVID-19 Impact - The company is closely monitoring the impact of COVID-19 on its business, noting that while the pandemic did not materially affect its financial results in Q3 2020, future impacts remain uncertain[165] - The company experienced a downturn in advertisement revenues during the 2nd quarter of 2020 due to the COVID-19 pandemic, which gradually improved in the 3rd quarter[187] - The company has not experienced any material impact to internal controls over financial reporting despite remote work due to the COVID-19 pandemic[274] Asset Management - The film library asset increased by $20.4 million for the nine months ended September 30, 2020, compared to a $10.1 million increase in the same period of 2019, reflecting increased premium content investment[255] - Programming costs and rights increased by $6.1 million for the nine months ended September 30, 2020, compared to a $3.0 million increase in the same period of 2019, due to increased content investment[257] - Film library and program rights amortization increased to $16,922,753 in 2020 from $3,804,268 in 2019[175] - Accounts receivable decreased by $5.8 million during the nine months ended September 30, 2020, compared to an increase of $16.1 million in the same period of 2019, primarily driven by the timing of collections[254] Performance Metrics - The company utilizes Adjusted EBITDA as a key performance metric, which is important for management's planning and forecasting[170] - Adjusted EBITDA for the nine months ended September 30, 2020, was $8,944,029, compared to $103,392 for the same period in 2019[175] - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay adopting new accounting standards[169]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ◻TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Dela ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001‑38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) De ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001‑38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. | --- | --- | --- | |----------------------------------------- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001‑38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Delaware 81-2560811 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38125 CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) | --- | --- | |---------- ...