Cineverse Earnings Call Transcripts
Fiscal Year 2026
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Transformative acquisitions of Giant and IndiCue are expected to drive significant revenue and EBITDA growth, with improved operating margins and strong cost controls. Integration is progressing well, and guidance for fiscal 2027 projects $115–$120 million in revenue and $10–$20 million in Adjusted EBITDA.
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Revenue declined 3% to $12.7M, but gross margin rose to 58% and content library value increased to $45M. Streaming and technology segments showed strong growth, while investments in new ventures and technology led to a net loss of $5.5M.
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Revenue grew 22% year-over-year to $11.1 million with gross margin at 57%. Streaming and direct advertising saw strong gains, while investments in technology and theatrical releases impacted near-term profitability but are expected to drive future growth.
Fiscal Year 2025
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Record Q4 and FY25 results with revenue up 59% and strong margin expansion, driven by streaming, digital, and podcast growth, plus the success of Terrifier 3. Technology and content divisions reorganized to accelerate growth, with Matchpoint and Cinesearch gaining traction.
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Record quarterly revenue and net income driven by Terrifier 3 and strong growth across all business lines. Streaming, podcast, and technology segments showed robust performance, with a strong balance sheet and no debt. Outlook remains positive with an expanding film slate and continued margin discipline.
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Q2 saw 20% year-over-year and 40% sequential revenue growth, with a 51% margin and positive adjusted EBITDA. Terrifier 3's record-breaking box office is expected to drive significant future profits, while streaming, podcast, and ad segments all posted strong gains.
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Q1 FY25 saw revenue decline to $9.1M due to timing and non-recurring items, but direct operating margin hit 51% and SG&A fell 17%. Streaming viewership surged 73% year-over-year, and a robust sales pipeline and new product launches are expected to drive double-digit revenue growth for FY25.
Fiscal Year 2024
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Fiscal 2024 saw a shift to profitability, with cost optimization driving higher margins and positive adjusted EBITDA despite lower revenues. Subscription and podcasting segments grew, while new channels and AI initiatives are set to fuel future expansion.