Thursday, February 04, 2016
Redbox Q4 Profit, Revenue Plummet
Consumers’ increasing penchant for low-cost smorgasbord streaming significantly impacted the bottom line of nation’s largest disc rental service, Redox. The kiosk vendor Feb. 4 reported fourth-quarter operating income of $62.6 million, down 50% from operating income of $125.8 million in the previous-year period.
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