Cineverse Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $58.3M
- Price
- $2.53
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.94%
- Volume
- 128.6K
About
Cineverse Corp. operates as a dynamic streaming technology and entertainment enterprise. Leveraging its proprietary, in-house technology platform, the company owns and manages a diverse portfolio of streaming channels. Its offerings encompass a wide array of curated content, distributed through various models including subscription video on demand (SVOD), ad-supported video on demand (AVOD), and free ad-supported streaming television (FAST) channels. Beyond traditional streaming, Cineverse also provides social video streaming services, audio podcasts, and operates a suite of over-the-top (OTT) entertainment channels. Globally, Cineverse captivates audiences by offering an extensive library of feature films and television programs, alongside specialized enthusiast streaming channels and advanced technology services. Established in 2000, the company was formerly known as Cinedigm Corp. and officially rebranded as Cineverse Corp. in May 2023. Its headquarters are situated in New York, New York.
Quick stats
Shares outstanding21.3M
Computed float17.3M
Float / shares81.3%
Key info
SectorCommunication Services
IndustryEntertainment
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001173204
Websitehttps://www.cineverse.com
AI Summary
AI-generated1/23
majorbullishearnings
Cineverse Reports First Quarter Fiscal Year 2027 Results
Cineverse reported Q1 revenue of $30.6 million, a 175% increase year-over-year, driven primarily by new revenue streams from recent strategic technology acquisitions. Adjusted EBITDA turned positive at $0.5 million, an increase of $2.6 million over the prior year, while operating cash flows improved by $13 million.
The company reaffirmed its full-year fiscal 2027 guidance for revenue of $115 to $120 million and Adjusted EBITDA of $10 to $20 million. Technology revenues accounted for more than 60% of total revenue, and the company delivered its most-watched streaming quarter with 4.5 billion minutes streamed.
Operational highlights include the substantial completion of post-merger integration for Giant Worldwide and IndiCue, and the identification of $13 million in annualized cost reductions. Despite the strong top-line growth, net loss attributable to common stockholders widened to $5.8 million due to integration and acquisition-related costs.
Red flags
- Net loss attributable to common stockholders widened to $(5.8) million from $(3.6) million in the prior year
- Working capital deficit of $(18.9) million, largely due to $18.0 million in deferred and earnout consideration
- Direct operating margin declined to 35% from 57% due to revenue share expenses in the ad-tech business