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Cineverse (CNVS) - 2026 Q1 - Earnings Call Transcript
2025-08-14 21:30
Financial Data and Key Metrics Changes - The company reported revenue of $11.1 million, a $2.1 million or 22% increase year-over-year, with a gross margin of 57% compared to 51% last year, significantly above guidance of 45% to 50% [14] - The net loss for the quarter was $3.5 million, with adjusted EBITDA of negative $2.1 million, compared to a net loss of $3.1 million and adjusted EBITDA of $1.4 million in the prior year quarter [14][15] - Cash and cash equivalents stood at $2 million as of June 30, 2025, with $8.9 million available on a $12.5 million working capital facility [15][16] Business Line Data and Key Metrics Changes - Streaming business delivered 4 billion total minutes viewed, up 38% year-over-year, and 20% sequentially, with total streaming viewers climbing to 214 million, up 24% [17][18] - Subscriber count grew to 1.4 million, an increase of 5% year-over-year and 1% over the prior quarter [18] - The advertising business saw a 57% year-over-year growth driven by new and returning advertisers, despite mixed performance in open market programmatic [19] Market Data and Key Metrics Changes - The company is entering the microseries market, projected to reach $10 billion by February 2027, with a joint venture for MicroCo aimed at becoming a first mover in this rapidly growing market [12][26] - The Cineverse channel has grown more than 4300% since January, indicating strong traction in the market [18] Company Strategy and Development Direction - The company is focusing on expanding its theatrical releasing business and building out its technology product, with significant investments in sales, legal, marketing, and technology [7][14] - The strategy includes leveraging unique assets in streaming, content, technology, and AI to create a competitive advantage in the microseries space [13][26] - The Motion Picture Group is building a strong slate of wide releases, targeting identifiable audiences and creating event viewing experiences [27][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in seeing strong returns from investments made in the current quarter, expecting improved top and bottom line results for the remainder of the fiscal year [7][14] - The company is optimistic about the upcoming releases, including "The Toxic Avenger" and "Air Bud Returns," which are expected to resonate well with audiences [10][11][28] - Management highlighted the importance of engaging with fans and delivering films they want to see, emphasizing a commitment to innovative approaches in distribution and marketing [31][32] Other Important Information - The company has no long-term debt and has reduced outstanding warrants to 700,000, positioning itself favorably for future growth [15][16] - The marketing campaign for "The Toxic Avenger" was noted as a significant success, receiving extensive media coverage and positive fan engagement [30] Q&A Session Summary Question: Why partner with Cineverse for MicroCo? - Management highlighted the unique collection of assets Cineverse has built, making it an attractive partner for entering the microseries market, which is expected to be a $10 billion business [36][41] Question: What is the investment strategy for MicroCo? - The company plans to bootstrap and fund the launch internally with potential for additional equity partners if needed, emphasizing the scalability of the business [45] Question: What progress has been made with MatchPoint technology? - Management reported significant inroads in bringing MatchPoint to market, with a tripled pipeline of potential deals and a focus on targeting larger studios for meaningful revenue [51][52] Question: How is the podcast revenue strategy evolving? - The company is shifting from programmatic sales to direct sales with a dedicated team, already seeing significant deals coming in, indicating a strong belief in future revenue growth from this segment [55][56]
Cineverse (CNVS) - 2026 Q1 - Quarterly Report
2025-08-14 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal period ended: June 30, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-31810 Cineverse Corp. (Exact name of registrant as specified in its charter) | Delaware | 22-3720962 | | --- | --- | | (State or Other ...
Cineverse (CNVS) - 2026 Q1 - Quarterly Results
2025-08-14 20:31
Exhibit 99.1 Cineverse Reports First Quarter Fiscal Year 2026 Results Total Revenue of $11.1 Million, a $2.0 million or 22% Increase over Prior Year Quarter Direct Operating Margin of 57%, a 6% Improvement over Prior Year Quarter LOS ANGELES, August 14, 2025 – Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for its first quarter ended June 30, 2025 ("Q1 FY 2026"): The Company's Total Revenue and Dir ...
Cineverse Technology Group's Flagship Brand Matchpoint™ Announces New Deals for its Proprietary Streaming Supply Chain Platform
Prnewswire· 2025-08-12 16:40
LOS ANGELES, Aug. 12, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, has today announced that it has signed several new customers for Matchpoint™ — the industry-leading automated media supply chain platform that is radically changing the way video content is managed and delivered.This was announced today by Cineverse Technology Group's new EVP, Technology & General Manager of Matchpoint, Michele Edelman, who joined the Company this week in this newly-created role, fol ...
Cineverse and Air Bud Entertainment Announce Nationwide Talent Search for The Next Air Bud in Advance of Air Bud Returns
Prnewswire· 2025-08-08 14:00
Group 1 - Cineverse and Air Bud Entertainment announced the return of the Air Bud franchise with a new film titled "Air Bud Returns," set to release in Summer 2026 [1][6] - A nationwide talent search is being launched to find a new golden retriever to star in the film, inviting dog owners to submit their purebred golden retrievers [3][4] - The film will feature a storyline about a 12-year-old boy named Jacob who, after moving to his father's childhood home, discovers an original VHS of the Air Bud movie and forms a bond with a neglected golden retriever named Buddy [5] Group 2 - Cineverse is expanding its portfolio with upcoming releases, including "Air Bud Returns," which will be its first kids and family theatrical release [6] - Air Bud Entertainment has a long history of creating family films, with "Air Bud Returns" marking the 50th movie produced by founder Robert Vince [9] - The collaboration between Cineverse and Air Bud Entertainment aims to blend positive messages and unique storytelling, continuing the legacy of the beloved franchise [9]
Cineverse Reveals the New Voice of Moviefone
Prnewswire· 2025-08-01 16:00
Core Insights - Cineverse has launched a campaign to revive the Moviefone phone line, allowing fans to call 1-802-377-FILM for movie information, marking the first time the line has been active in over a decade [1][3][6] - The campaign is tied to the theatrical release of "The Toxic Avenger," premiering on August 29, 2025, featuring Peter Dinklage as the voice on the line [4][5][9] Company Overview - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats, and has a catalog of over 71,000 films, series, and podcasts [9][10] - Moviefone, celebrating its 35th anniversary, serves as a platform for fans to discover movies and series, reaching audiences through multiple channels including a new mobile app and various streaming services [11][12] Marketing Strategy - The campaign includes digital video promotions on Moviefone's website and social media, as well as ads across Cineverse's network to engage fans leading into Labor Day weekend [4][5] - The collaboration aims to evoke nostalgia while connecting with younger audiences, including Millennials, Gen Z, and Gen Alpha [12]
Air Bud Returns: Ain't No Rule Says a Dog Can't Release Another Movie
Prnewswire· 2025-07-24 16:00
Core Insights - Cineverse has partnered with Air Bud Entertainment to release "Air Bud Returns," a new film set for a wide theatrical release in Summer 2026, marking a significant opportunity to reintroduce a beloved family brand to audiences [1][2] Company Overview - Cineverse is a next-generation entertainment studio that focuses on delivering a wide range of content through innovative technology, distributing over 71,000 films, series, and podcasts [8] - Air Bud Entertainment has been creating family films for over 28 years, known for its heartwarming storytelling and positive messages, with "Air Bud Returns" being the 50th film produced by founder Robert Vince [9] Strategic Collaboration - The collaboration between Cineverse and Air Bud Entertainment signifies a long-term partnership aimed at expanding Cineverse's portfolio in the kids and family content sector, leveraging the nostalgia of the original Air Bud franchise [2][4] - The film is expected to resonate with both nostalgic fans and a new generation, emphasizing themes of adaptation, redemption, and teamwork [4][5] Film Details - "Air Bud Returns" will be directed by Robert Vince, who has a history of producing successful family films, including the original "Air Bud" [3] - The storyline follows a 12-year-old boy named Jacob who, after moving to his father's childhood home, discovers an original VHS of "Air Bud" and forms a bond with a stray golden retriever named Buddy, leading to a journey of healing and teamwork [4][5] Market Positioning - The release of "Air Bud Returns" is positioned to capitalize on the current trend of nostalgia among Millennial parents seeking family-friendly films, aligning with Cineverse's strategy to expand its theatrical offerings [4][5]
Cineverse Adds Three Industry Veterans to Accelerate Feature Film Acquisitions and Releasing Business
Prnewswire· 2025-07-15 17:40
Core Insights - Cineverse has appointed three key executives to enhance its Motion Pictures Group, aiming to strengthen its development, acquisitions, and distribution capabilities [1][5] Group 1: Executive Appointments - Steven Peros has been appointed as Vice President of Creative Development and Filmmaker Relations, responsible for leading development and overseeing physical production, with a background in development at New Line Cinema and experience with major studios [2] - Dan Fisher has been named Vice President of Acquisitions, bringing over a decade of experience in acquisition and digital sales from various companies, focusing on Cineverse's direct-to-digital and OTT slate [3] - Cameron Moore joins as a consultant for theatrical distribution, leveraging his extensive experience in maximizing profitability and strategic planning for theatrical releases [4] Group 2: Strategic Vision - The company aims to build a diverse slate of theatrical, digital, and streaming content, targeting specific fandoms with IP-driven and award-winning releases [5] - Cineverse's mission is to deliver engaging content for fans, creators, and partners, emphasizing authentic audience connections [5] Group 3: Upcoming Releases - Following the success of "Terrifier 3," Cineverse plans to release several franchise expansions, including "The Toxic Avenger" on August 29, 2025, and "Silent Night, Deadly Night" on December 12, 2025, among others [6] Group 4: Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, focusing on empowering creators and entertaining fans through innovative technology [7] - The company is known for its high-grossing independent films and a variety of streaming channels, aiming to redefine the entertainment experience [7]
Cineverse Added to Multiple Russell Indexes Including 3000E, Microcap, Growth, and Value Segments
Prnewswire· 2025-07-02 13:00
Core Insights - Cineverse Corp. has been included in multiple FTSE Russell indexes, effective June 29 and June 30, 2025, enhancing its visibility among institutional investors and index-tracking funds [1][6] - The inclusion reflects Cineverse's strong growth momentum and value profile, which the company believes is underappreciated in the market [2] - Cineverse is positioned as a next-generation entertainment studio, distributing over 71,000 premium films, series, and podcasts, and utilizing proprietary streaming tools and AI technology to redefine entertainment [3] Company Overview - Cineverse is a global streaming technology and entertainment company that empowers creators and entertains fans through innovative content delivery [3] - The company connects audiences with independent stories and has properties including the highest-grossing unrated film in U.S. history and a premier podcast network [3] - Cineverse aims to scale its theatrical releases, monetize technology platforms, and expand streaming channels, indicating significant growth potential [2] FTSE Russell Overview - FTSE Russell is a global index leader providing benchmarking, analytics, and data solutions, with approximately $18.1 trillion benchmarked to its indexes [4] - The indexes cover 98% of the investable market globally and are widely used by institutional and retail investors [4] - FTSE Russell focuses on transparent, rules-based methodologies and adheres to high industry standards in index design and governance [4]
Cineverse: All Eyes On Upcoming Movie Releases, Hold
Seeking Alpha· 2025-07-01 02:19
Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]