Core Insights - Cineverse has partnered with Iconic Events Releasing for the theatrical distribution of "The Toxic Avenger," set for an unrated wide release on August 29, 2025, following the success of "Terrifier 2" and "Terrifier 3," which grossed over $65 million at the domestic box office [1][2] Group 1: Film Details - "The Toxic Avenger" is a comedic horror film directed by Macon Blair, featuring Peter Dinklage and receiving critical acclaim with a 92% score on Rotten Tomatoes [2][3] - The film is a modern reimagining of the classic franchise, focusing on themes of corporate greed and social injustice, while maintaining the original's irreverent humor and practical effects [2][3] Group 2: Company Background - Cineverse is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats, and has recently seen success with "Terrifier 3" [4][7] - Bloody Disgusting, the horror division of Cineverse, serves horror fans through various media, including a leading website, podcasts, and a streaming service [5] Group 3: Distribution Partnership - Iconic Events Releasing has been selected as the distribution partner for "The Toxic Avenger," with a focus on honoring the franchise's legacy while appealing to a new generation of fans [2][8] - The partnership aims to deliver a unique cinematic experience, leveraging the success of previous films in the genre [2][8]

Core Insights - SCREAMBOX has experienced an 18% increase in paid subscribers since the release of Terrifier 3 in February, indicating strong growth for the horror streaming service [3] - Terrifier 3 has achieved significant box office success, grossing nearly $55 million, making it the top unrated U.S. release ever [3] - The platform continues to expand its content offerings with new titles and behind-the-scenes documentaries, enhancing its appeal to horror fans [6][4] Company Overview - Cineverse operates SCREAMBOX, a rapidly growing streaming service that caters to both casual and dedicated horror fans through subscription video-on-demand (SVOD) and free ad-supported streaming television (FAST) channels [7][8] - The company has developed a diverse range of streaming brands, including those focused on horror, anime, comedy, and independent films, showcasing its broad content strategy [8][9] - Cineverse is recognized for its innovative approach to delivering entertainment experiences and has a catalog of over 71,000 premium films, series, and podcasts [9]

Core Insights - Cineverse has announced a strategic partnership with The Trade Desk to integrate OpenPath with its C360 ad tech platform, enhancing advertiser access to its extensive content library [1][3] - The integration aims to streamline the advertising supply chain, providing a more efficient and transparent path for advertisers to access Cineverse's inventory [1][2] Company Overview - Cineverse is a next-generation entertainment studio that offers a wide range of content, including over 71,000 premium films, series, and podcasts, and focuses on connecting creators with passionate audiences [5] - The company operates a premium programmatic advertising network and ad-tech platform, C360, which facilitates direct contextual advertising and scalable marketing opportunities across various channels [4][5] Advertising Strategy - Advertisers using The Trade Desk can now leverage Cineverse's digital library to engage with dedicated fandoms, optimize campaigns based on real-time insights, and enhance programmatic campaign effectiveness [2][3] - The partnership is positioned to bridge the gap between premium content and advertisers, promoting more transparent and cost-effective audience engagement [3]

Core Insights - Cineverse has appointed Laura Schumer and Ben Cabonargi as Directors of Podcast Sales, bringing over four decades of media industry experience to the company [1][2] - The Cineverse Podcast Network has over 35 audio series with more than 75 million downloads, indicating a strong audience reach [1][6] - Podcast and related revenues for Cineverse increased by 39% compared to the previous year, highlighting significant growth in this segment [5][6] Company Developments - Schumer previously worked at Pandora/SiriusXM for nine years, where she was a top producer of podcast revenue [3] - Cabonargi held key roles at SiriusXM, Stitcher, and TargetSpot, focusing on revenue partnerships and podcast advertising [4] - The new appointments are part of Cineverse's strategy to expand its podcast direct sales team to enhance ad sales growth [5] Podcast Network Performance - Cineverse operates a top-10 podcast network, leveraging brands like Bloody Disgusting and Midnight Pulp to deliver popular content [6] - Recent additions to the podcast catalog include shows like Creepy Places: A True Crime Podcast and RetroCrush, expanding the network's offerings [5] - The network generates advertising revenue from various key categories, including movie studios and consumer products [6] Strategic Vision - Cineverse aims to redefine entertainment experiences through technology and innovative storytelling, distributing over 71,000 premium films, series, and podcasts [7] - The company is focused on connecting fans with independent stories and enhancing revenue through cutting-edge streaming tools and AI technology [7]

Core Insights - Cineverse is enhancing its AI capabilities by adopting SymphonyAI's Revedia DataOps to unify various revenue and viewership data sources, aiming to optimize its AI-driven business strategies [1][2][3] - The partnership with SymphonyAI is part of Cineverse's broader strategy to scale its streaming business, expand content licensing, and improve revenue through its proprietary Matchpoint™ platform [2][4] - Cineverse has developed five AI modules to automate tasks and is focused on leveraging advanced AI for deeper insights into channel performance and revenue trends [2][3][4] Company Overview - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, aiming to connect fans with independent stories [6] - The company utilizes its Matchpoint™ suite of streaming technology and AI tools to support filmmakers and media companies, enhancing the entertainment experience [5][6] - SymphonyAI, founded in 2017, is a leading enterprise AI SaaS company that supports digital transformation across various sectors, including media, and has rapidly grown to 3,000 professionals [7]

Core Insights - The Stand Group has partnered with Cineverse to enhance its digital presence through the launch of the WITZ Podcast Network, aiming to monetize existing comedy programming and develop new intellectual property (IP) [1][2][5] - The partnership will kick off at the SXSW event, coinciding with the release of the comedy/horror film "The Toxic Avenger" [1][5] - Cineverse's podcast network is expanding into the comedy genre, which is currently the most popular podcasting category in the U.S., having grown its revenue share significantly from 2022 to 2024 [4] Company Overview - The Stand Group has been a prominent player in the New York comedy scene for about two decades, hosting top comedians and providing a venue for live performances [10] - Cineverse operates a top-10 podcast network with over 35 audio series, focusing on horror, true crime, and entertainment content [7][8] - The WITZ Comedy-TV channel, launched in 2022, features original programming and aims to deliver fresh, uncensored comedy content to audiences [11] Financial Performance - Cineverse's podcast and related revenue increased by 39% year-over-year in its most recently reported quarter [8] - The comedy podcast genre has gained 300 new advertisers in Q3 2023 alone, indicating strong market demand [4] Strategic Goals - The partnership aims to maximize marketing, promotional, and sales initiatives for new creators and original IP [3][6] - The collaboration is expected to enhance Cineverse's credibility in the comedy genre and leverage the WITZ Podcast Network for promotional campaigns [6]

Core Insights - Cineverse is set to release a novelization of the indie horror film Terrifier 3, written by Tim Waggoner, following the success of the Terrifier 2 novelization [1][2] - The Bloody Press publishing brand aims to expand its offerings to fans through various mediums, including audiobooks, e-books, and merchandise [2][3] - Cineverse's strategy focuses on creating strong connections with horror franchise fans, which can drive revenue and enhance brand loyalty [3] Company Overview - Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that distributes over 71,000 films, series, and podcasts, emphasizing independent storytelling [8] - The company operates several platforms, including the horror-focused Bloody Disgusting and the streaming service SCREAMBOX, catering to both casual and dedicated horror fans [7][8] - Cineverse utilizes advanced technology and innovative streaming tools to enhance entertainment experiences and drive revenue [8] Product and Market Strategy - Bloody Press, under Cineverse, has successfully sold over 8,000 copies of its first release, indicating a strong market interest in horror novelizations [2] - The company is exploring various avenues to engage fans, including exclusive merchandise and podcasts, to capitalize on the popularity of horror franchises [3] - The narrative of Terrifier 3 continues the storyline of its predecessors, focusing on characters Sienna and her brother as they confront the villain Art the Clown during the holiday season [5][6]

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]

Revenue Growth - For the three months ended December 31, 2024, total revenue increased by $27.5 million to $40.74 million, representing a 207% growth compared to the same period in 2023[162] - Total revenue for the nine months ended December 31, 2024, increased by $23.3 million (59%) to $62.6 million compared to $39.3 million in the same period of 2023[169] - Streaming and digital revenue rose by $4.6 million to $14.13 million, a 48% increase year-over-year, primarily due to the timing of content releases including Terrifier 3[162] - Streaming and digital revenue rose by $2.9 million (10%) to $31.9 million, driven by $1.6 million from licensing the Dog Whisperer content and favorable timing of other content releases[169] - Podcast and other revenue grew by $2.4 million (124%) to $4.4 million, with direct advertising contributing $1.7 million and Bloody Disgusting podcast content adding $0.7 million[170] - Base distribution revenue surged by $21.7 million to $24.48 million, a 771% increase, mainly driven by the theatrical release of Terrifier 3 in October 2024[164] - Base distribution revenue surged by $21.6 million (477%) to $26.2 million, primarily due to the theatrical release of Terrifier 3 in October 2024[171] Expenses - Direct operating expenses for the three months ended December 31, 2024, increased by $15.5 million to $20.99 million, largely due to a $13.0 million rise in royalty expenses related to Terrifier 3[165] - Direct operating expenses increased by $14.6 million (86%) to $31.7 million, largely due to higher royalty expenses and marketing costs associated with Terrifier 3[172] - Selling, general and administrative expenses rose by $3.0 million to $9.36 million, a 47% increase, primarily due to bonus accruals linked to Terrifier 3's theatrical revenue[166] - Selling, general and administrative expenses rose by $1.2 million (6%) to $22.3 million, influenced by bonus accruals from Terrifier 3 revenue and increased share-based compensation[173] - Interest expense for the three months ended December 31, 2024, increased by $2.1 million to $2.3 million, primarily due to higher drawings on the line of credit and increased interest rates[168] - Interest expense increased by $2.3 million to $3.1 million, primarily due to higher line of credit drawings and increased interest rates[176] Profitability - The company reported a net income attributable to common stockholders of $7.0 million for the three months ended December 31, 2024[153] - Adjusted EBITDA for the nine months ended December 31, 2024, was $9.9 million, compared to $2.8 million in the same period of 2023[181] - Net cash provided by operating activities was $4.98 million for the nine months ended December 31, 2024, a significant improvement from a cash outflow of $9.29 million in the prior year[182] Financial Position - As of December 31, 2024, the company had an accumulated deficit of $501.7 million and a working capital surplus of $6.8 million[153] - The company has a $7.5 million Line of Credit Facility with East West Bank, with $3.8 million outstanding as of December 31, 2024[154] Future Outlook - The company plans to continue investing in content development and acquisition, with short-term content advances totaling $8.8 million as of December 31, 2024[158] - The company does not anticipate future revenue from the Digital Cinema business, which saw a decrease of $3.6 million in non-recurring revenue[171]

Financial Data and Key Metrics Changes - Cineverse reported total revenues of $40.7 million for Q3 2025, a 207% increase from $13.3 million in the same quarter last year and a 220% increase from the previous quarter [22][23] - Net income for the quarter was $7.2 million, up $9.9 million from the prior year quarter, and adjusted EBITDA was $10.8 million compared to $1.8 million for the same quarter last year [9][27] - The operating margin was 48%, within the targeted range of 45% to 50%, reflecting improved cost optimization initiatives [10][25] Business Line Data and Key Metrics Changes - Streaming and digital revenues grew by 48% year-over-year, while podcast and other revenues increased by 138% [24] - The success of "Terrifier 3" significantly contributed to the revenue growth, with ancillary revenues expected to further boost results in the upcoming quarter [24][41] Market Data and Key Metrics Changes - The company is expanding its theatrical release strategy, targeting 1,500 to 2,500 screens for new films, focusing on proven intellectual properties with established fan bases [61][62] - The subscription business for Screambox reached 1.38 million subscribers, a 6% year-over-year increase, with a goal to double its growth rate to 15% to 20% [38][39] Company Strategy and Development Direction - Cineverse is adopting a "moneyball" strategy for theatrical releases, focusing on proven IP and franchises while leveraging its media assets to reduce costs and increase efficiencies [33][35] - The company plans to release at least three to four films in the coming fiscal year, aiming for a slate of 8 to 10 films annually [36][62] - There is an emphasis on expanding into other genres beyond horror, including family and comedy films, while maintaining favorable economics [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of profitability and positive cash flow, with no current plans for equity offerings [21][30] - The success of "Terrifier 3" has opened new opportunities for film releases and marketing, with expectations for continued revenue growth in the fourth quarter [12][24] Other Important Information - The company has over $13 million in cash on hand and zero debt, with a working capital surplus of $6.8 million, the largest in company history [28][30] - Cineverse is exploring new financing options to expand credit availability for upcoming film releases [21] Q&A Session Summary Question: What is the expected number of screens for upcoming releases? - The company plans to target 1,500 to 2,500 screens for new films, similar to the release strategy for "Terrifier 3" [61][62] Question: Will Cineverse expand into other genres? - While the focus has been on horror, the company is looking at properties in family and comedy genres, leveraging its marketing strengths [68] Question: What is the investment range for new films? - The total investment for "Terrifier 3" was around $5 million, and the company expects similar or lower investments for upcoming films [73][74] Question: How is the cineSearch product progressing? - The consumer-facing version is in demo, while the backend capabilities are in active conversations for commercialization [87] Question: What is the revenue contribution from the subscription and podcasting businesses? - The subscription business aims for double-digit growth, while podcasting has seen significant audience engagement with 15 million downloads in the last quarter [96][103]