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Cineverse to Report First Quarter FY 2026 Financial Results on Thursday, August 14, 2025
Prnewswire· 2025-08-07 13:00
Core Viewpoint - Cineverse Corp. is set to release its financial results for the fiscal first quarter ending June 30, 2025, on August 14, 2025, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 4:30 p.m. ET/1:30 p.m. PT on the same day [2] - The conference call will be accessible online through the Cineverse Investor Relations website, and participants are required to register in advance [2] Replay Availability - An audio recording of the conference call will be available for replay shortly after its completion, accessible in the Events and Presentations section of the Cineverse Investor Relations website [3] Company Overview - Cineverse is a next-generation entertainment studio that offers a wide range of content through advanced technology, distributing over 71,000 premium films, series, and podcasts [4] - The company focuses on connecting fans with independent stories and has properties including the highest-grossing unrated film in U.S. history and a premier podcast network [4] - Cineverse utilizes proprietary streaming tools and AI technology to enhance revenue and redefine the entertainment experience [4]
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]
Cineverse (CNVS) - 2025 Q4 - Annual Report
2025-06-30 21:27
Company Overview - Cineverse has over 71,000 film and TV assets and has reached over 82 million streaming viewers, with more than 1.4 million SVOD subscribers[18]. - The company aims to grow its viewership significantly beyond the current base of 82 million monthly viewers to potentially hundreds of millions across billions of connected devices[20]. - Cineverse has transformed from a digital cinema equipment distributor to a leading independent streaming company[210]. - The company played a pioneering role in transitioning movie screens from traditional analog film prints to digital distribution[210]. Technology and Operations - Cineverse's proprietary technology platform, Matchpoint™, enables the company to automate content distribution and features a robust data analytics platform[16]. - The company operates a proprietary technology platform, Matchpoint™, which supports various streaming capabilities and data analytics[113]. - The company collaborates with major brands and content creators, distributing products through platforms like Netflix, Hulu, and Amazon Prime[17]. - Cineverse's strategic partnerships with connected streaming TV companies aim to expand its device and platform reach[20]. - The company has established a comprehensive cybersecurity program integrated into its risk management and internal control systems[91]. Financial Performance - For the fiscal year ended March 31, 2025, total revenue increased by $29.1 million to $78.2 million, with streaming and digital revenue growing by 19% to $44.4 million[145]. - For the fiscal year ended March 31, 2025, the company reported a net income attributable to common stockholders of $3.2 million, while maintaining an accumulated deficit of $500.9 million[115]. - The company generated $17.4 million of net positive cash flows from operations for the year ended March 31, 2025, with cash and cash equivalents of $13.9 million and total equity of $37.8 million[47]. - The company reported a net cash provided by operating activities of $17,411,000, compared to a cash used of $10,592,000 in 2024[201]. - The company achieved a net income attributable to common shareholders of $3.2 million for the year ended March 31, 2025[211]. Challenges and Risks - Cineverse recorded a goodwill impairment charge of $14 million in the prior fiscal year, indicating potential future risks related to asset valuation[33]. - Future operations may be impacted by the inability to generate sufficient cash flow, which is subject to various uncontrollable factors[44]. - The commercial success of media content is unpredictable, and the company faces risks related to audience reactions and competition[52]. - Changes in economic conditions could adversely affect demand for the company's products and services, impacting financial performance[56]. - The company is vulnerable to cybersecurity risks, which could lead to service disruptions and negatively impact user experience[59]. - The company's reliance on Amazon Web Services (AWS) for computing infrastructure poses a risk, as any disruption could adversely affect operations[64]. Capital Structure and Funding - The company has incurred long-term losses and primarily financed operations through equity investments and borrowings, indicating a reliance on external funding[47]. - The company may need to adopt alternative strategies, including reducing capital expenditures and seeking additional funding, if unable to service its indebtedness[50]. - The company has a Line of Credit Facility with East West Bank providing for a $12.5 million facility, expandable to $15.0 million, with an interest rate of 8.75% as of March 31, 2025[116]. - The company has a history of generating net losses and may continue to do so in the foreseeable future[211]. Stock and Shareholder Information - The company has no current intention of paying dividends on its Common Stock, which may limit returns for investors[81]. - The company approved a share repurchase program in March 2023, renewed in February 2024 and 2025, contingent on favorable market conditions[83]. - The company has 2.7 million shares of Common Stock that may be diluted due to outstanding warrants[69]. - The liquidity of the company's Common Stock is uncertain, with limited trading volume potentially leading to significant price fluctuations[67]. Operational Metrics - The company has positive working capital of $3.6 million as of March 31, 2025, indicating a current assets surplus over current liabilities[47]. - The company has experienced periodic service interruptions and lacks live fail-over capability to switch to another cloud provider, which could impair service delivery[65]. - The company incurred a Goodwill impairment of $14.0 million for the year ended March 31, 2024, due to a decline in share price[80]. - The company's share price was $8.40 on March 31, 2023, declined to $1.39 by March 31, 2024, and partially recovered to $3.16 by March 31, 2025[79].
Cineverse Corp. (CNVS) Q4 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-06-27 19:46
Core Viewpoint - Cineverse Corp. reported its financial results for the fourth quarter and fiscal year 2025, highlighting key performance metrics and future expectations [3]. Group 1: Financial Results - The press release detailing Cineverse's results for the fiscal fourth quarter and year ended March 31, 2025, is available on the company's website [3]. - The conference call was held to discuss the financial outcomes and strategic direction of the company [2]. Group 2: Management Commentary - Gary S. Loffredo, Chief Legal Officer, opened the call and emphasized the importance of the financial results being discussed [3]. - The management team, including Christopher J. McGurk (Chairman & CEO) and Erick Opeka (President & Chief Strategy Officer), participated in the call to provide insights into the company's performance [1].
Cineverse (CNVS) - 2025 Q4 - Earnings Call Transcript
2025-06-27 14:02
Financial Data and Key Metrics Changes - In Q4 FY2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase year-over-year [8] - Adjusted EBITDA was $4 million, reflecting a 158% increase compared to the prior year quarter [8] - For the full fiscal year, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The streaming, digital, and podcast revenues were significant contributors to growth, particularly driven by the success of "Terrifier 3" [9] - The company has reorganized its technology business into a separate group to enhance focus and growth [10] - Podcast revenues increased by 57% over the prior year due to a diverse content slate and increased advertiser demand [27] Market Data and Key Metrics Changes - ScreenBlock's subscribers grew by 31% since the home premiere of "Terrifier 3" [26] - The company reported over 3.2 billion minutes streamed across its services, a 45% increase year-over-year [29] - The total subscriber count across the portfolio reached approximately 1.42 million, with a 4% year-over-year increase [29] Company Strategy and Development Direction - The company aims to build a high-growth, high-profit theatrical releasing business by following successful strategies used for "Terrifier" films [9] - A focus on expanding into family films, fantasy, and comedy genres is planned, alongside the current horror focus [53] - The technology division is set to leverage AI and proprietary technology to enhance operational efficiency and market positioning [39][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding operating margin targets of 45% to 50% in future quarters [55] - The company is optimistic about the potential for significant revenue from its technology products, particularly MatchPoint [46] - Management highlighted the importance of adapting to the changing advertising environment and focusing on direct sales strategies [31] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The upcoming film releases include "The Toxic Avenger," "Silent Night, Deadly Night," and "Return to Silent Hill," all with low investment thresholds [12][14] Q&A Session Summary Question: Future film releases and licensing opportunities - Management indicated plans to expand the film slate and engage in discussions regarding pay deals as more films are added [53] Question: Profitability and operating margins - Management confirmed confidence in maintaining strong operating margins, especially with successful film releases [55] Question: Pipeline opportunities for MatchPoint - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [61][62] Question: Podcast monetization strategies - The company is seeing higher CPMs for podcasts compared to CTV, with a focus on larger brand advertisers [70]
Cineverse (CNVS) - 2025 Q4 - Earnings Call Transcript
2025-06-27 14:00
Financial Data and Key Metrics Changes - In Q4 2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase from the prior year [8][22] - Adjusted EBITDA was $4 million, reflecting a 158% increase over the prior year quarter [8][22] - For the full fiscal year 2025, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The growth was driven by all key lines of business, particularly streaming, digital, and podcast revenues [9] - The streaming business saw a 31% increase in subscribers following the success of "Terrifier 3" [27] - Podcast revenues increased by 57% over the prior year due to a more diverse content slate and increased advertiser demand [28] Market Data and Key Metrics Changes - The company reported a direct operating margin of 55% for Q4, exceeding the target of 45% to 50% [22] - SG&A expenses decreased to $5.4 million, representing 35% of revenues, a significant improvement from 69% in the prior year [23] Company Strategy and Development Direction - The company aims to build a high growth, high profit, low risk theatrical releasing business by following successful acquisition and marketing strategies [10] - A reorganization was implemented to focus on the streaming, content management, and AI technology, establishing a separate technology business group [11] - The company plans to expand its film slate to include genres beyond horror, such as family films and fantasy [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding the operating margin target of 45% to 50% going forward [57] - The company is optimistic about the future, with plans to leverage its unique assets and successful film releases to drive growth [10][39] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The company is exploring licensing opportunities for AI training and expects traction in that area later this year [39] Q&A Session Summary Question: Plans for future film releases and licensing opportunities - Management indicated that more films will be announced soon, expanding from horror to family and fantasy genres [55] Question: Profitability and operating margins - Management confirmed a solid operating margin of 55% and expressed confidence in meeting future margin targets [57] Question: Pipeline opportunities for technology products - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [62][66] Question: Podcast monetization strategy - The company is seeing higher CPMs for podcasts compared to CTV, with average deal sizes in the low six figures [71]