Financial Performance - Total revenue for Q3 FY 2025 was $40.7 million, a 207% increase from $13.3 million in the prior year quarter, primarily driven by the box office performance of Terrifier 3[6] - Net income for the quarter was $7.2 million, a $9.9 million increase compared to a net loss of $2.9 million in the prior year quarter[9] - Adjusted EBITDA increased to $10.8 million, up $9.0 million from $1.8 million in the prior year quarter[9] - Operating income for the three months ended December 31, 2024, was $9,436,000, compared to an operating income of $427,000 in the same period of 2023[30] - Net income attributable to common stockholders for the three months ended December 31, 2024, was $7,024,000, compared to a net loss of $2,864,000 in the same period of 2023[30] - Adjusted EBITDA for the three months ended December 31, 2024, was $10,824,000, significantly up from $1,840,000 in the same period of 2023[36] - The company reported a net income of $7,161,000 for the three months ended December 31, 2024, compared to a net loss of $2,736,000 in the same period of 2023[30] Box Office Performance - Terrifier 3 grossed over $54 million at the domestic box office, becoming the highest-grossing non-rated film ever[3] Viewership and Podcast Growth - Total monthly viewership across the channel portfolio increased by 47% year-over-year, driven by successful channel launches[9] - The Cineverse Podcast Network expanded to 57 podcasts, with podcast revenues up 39% compared to last year[9] Financial Position - The company has over $13 million in cash-on-hand and no debt, with a zero balance on its $7.5 million line of credit[5] - Total assets increased to $80,542,000 as of March 31, 2024, from $64,378,000 as of December 31, 2023[28] - Current liabilities rose to $43,728,000 as of March 31, 2024, compared to $31,249,000 as of December 31, 2023[28] - Cash and cash equivalents decreased to $5,167,000 as of March 31, 2024, from $6,083,000 as of December 31, 2023[28] Future Releases and Strategy - Upcoming releases include Silent Night Deadly Night in Q3 FY 2026 and The Toxic Avenger on August 29, 2025, with a focus on films with strong fan bases[4] - The company is expanding its technology business with new AI-powered content monetization tools and multi-year software services deals[17] - The company anticipates continued growth and expansion in its content offerings and advertising solutions, positioning itself for a new era of entertainment[25]

Core Insights - Cineverse Corp. reported a total revenue of $40.7 million for Q3 FY 2025, marking a 207% increase compared to the prior year quarter, primarily driven by the success of the film Terrifier 3 [1][6][12] - The company achieved a net income of $7.2 million, a significant increase of $9.9 million from the previous year, alongside an adjusted EBITDA of $10.8 million, up by $9 million [1][9][12] Financial Performance - Total revenue increased from $13.3 million in Q3 FY 2024 to $40.7 million in Q3 FY 2025, driven by the box office performance of Terrifier 3, which grossed over $54 million domestically [6][9] - The direct operating margin stood at 48%, consistent with the company's target range of 45% to 50%, despite a $15.5 million increase in direct operating expenses [7][9] - Selling, general, and administrative (SG&A) expenses rose by $3.0 million, or 47%, largely due to the performance of Terrifier 3, although cost-saving initiatives helped mitigate some of the increases [8][9] Box Office Success - Terrifier 3 debuted at number one in North American theaters, grossing $18.9 million in its opening weekend on a marketing budget of approximately $500,000 [3][6] - The film has become the highest-grossing non-rated film ever, surpassing previous records and contributing significantly to the company's financial results [3][12] Strategic Developments - The company is expanding its film slate with upcoming releases such as Silent Night Deadly Night and The Toxic Avenger, leveraging its unique marketing strategies that have proven successful with Terrifier 3 [4][13] - Cineverse's digital content library, valued at approximately $40 million, has seen significant growth, enhancing the company's asset base [11] Cash Position and Debt Management - As of the latest report, the company holds over $13 million in cash and has no debt, with a zero balance on its $7.5 million line of credit [5][12] - The company has a working capital surplus of $6.8 million, indicating a strong financial position to support future growth initiatives [11] Audience Engagement and Growth - Total monthly viewership across Cineverse's channel portfolio increased by 47% year-over-year, driven by successful channel launches [6][12] - The Cineverse Podcast Network expanded to 57 podcasts, achieving a 39% increase in related revenues, reinforcing its position as a top podcast network [6][12]

Group 1 - Cineverse has announced the acquisition of "Wolf Creek: Legacy," the third film in the popular slasher franchise, with filming set to begin this year and a theatrical release anticipated in fall 2026 [1][3] - The film will feature John Jarratt reprising his role as Mick Taylor, alongside cast members Jay Ryan and Laura Gordon, directed by Sean Lahiff and produced by franchise creator Greg McLean [2][3] - The storyline follows a family of American tourists who become prey in the Australian wilderness, highlighting themes of survival and horror [3] Group 2 - Cineverse aims to enhance its library with "Wolf Creek: Legacy," alongside other horror titles like "Terrifier 3" and a reimagining of "Silent Night, Deadly Night," indicating a strategic focus on expanding its horror content [4][5] - The company emphasizes its commitment to delivering bold and authentic stories, leveraging technology to connect with passionate audiences and redefine entertainment experiences [6][7] - Cineverse has a significant distribution network, managing over 71,000 premium films, series, and podcasts, showcasing its extensive reach in the entertainment industry [6]

Core Insights - Cineverse has extended its partnership with Davis-Panzer Productions, securing digital rights to multiple titles from the Highlander franchise and other notable works [1][2][5] Group 1: Partnership Details - The agreement is multi-year and multi-territory, granting Cineverse rights to nine movie and television series titles for its streaming services, including Cineverse and Midnight Pulp [2] - The catalog includes the original Highlander film, all six seasons of Highlander: The Series, and its spin-off, Highlander: The Raven, along with other films produced by Davis-Panzer [3] Group 2: Franchise Background - The Highlander franchise began in 1986 with the original film, which starred Christopher Lambert and Sean Connery, and has since developed a global following [4] - A major reboot of the franchise is currently in development at Lionsgate, with Chad Stahelski directing and Henry Cavill starring [4] Group 3: Strategic Vision - Cineverse aims to re-imagine ways to deliver valuable intellectual property to fans, especially with the upcoming Highlander feature film [5] - The partnership is seen as a way to honor the legacy of the franchise's creators while reaching new audiences [5] Group 4: Company Overview - Cineverse is described as a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts, utilizing technology to enhance entertainment experiences [6]

Group 1 - Cineverse Corp. will release its financial results for Q3 FY 2025 on February 13, 2025, after market close [1] - A conference call to discuss these results will be held at 4:30 p.m. ET on the same day, with dial-in numbers provided for participants [1] - The conference call will also be accessible via webcast on the company's investor website [1] Group 2 - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts [2] - The company focuses on empowering creators and entertaining fans through innovative technology and storytelling [2] - Cineverse includes notable properties such as the highest-grossing unrated film in U.S. history and a premier podcast network [2]

Dog Whisperer with Cesar Millan, Fandor, Midnight Pulp, RetroCrush,SCREAMBOX, So … Real to Also Celebrate Romance All Month LongLOS ANGELES, Feb. 4, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, has announced its upcoming content slate to celebrate Valentine's Day, across its many streaming channels. Dove Channel After the Merry Krismass campaign delivered Dove Channel's best week ever, the women-focused romance streaming service is kicking off its next big cele ...

Channel's Series Premiere Followed By Live Action Paint-Along with Nicholas Hankins, Streaming at 7 pm ET on TikTok LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a next-generation entertainment studio, today announced that "The Joy of Painting with Nicholas Hankins: Bob Ross' Unfinished Season," a new 13-episode series, will be available to stream February 3 on The Bob Ross Channel. New episodes of the series will air on Mondays at 6 pm ET on the free ad-supported streaming television ...

Initial Free Live Channels Joining Lineup Include Dog Whisperer with Cesar Millan, Go Pro Channel, and So… Real LOS ANGELES and NEW YORK, Jan. 29, 2025 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a next generation entertainment studio, has announced an expanded partnership with FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, to distribute Cineverse's newest channels.  Through this deal, two of Cineverse free, ad-supported streaming television (FAST) channels -  Dog ...

Matchpoint™ – Cineverse's Complete OTT Solution – to Empower JoySauce to Efficiently Deliver its Original Series and Licensed Content for Distribution via SVOD, AVOD and FASTLOS ANGELES, Jan. 28, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, today announced that Matchpoint™, its proprietary streaming technology platform, is being used by JoySauce through a new strategic partnership. JoySauce – a leading lifestyle company for American Asians and their non-Asian family ...

Highly Acclaimed Gory Superhero Comedy Earned a 92% Score on Rotten Tomatoes After Wowing Audiences at Fantastic FestLOS ANGELES, Jan. 22, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, today announced the highly anticipated theatrical release of The Toxic Avenger, a daring and darkly comedic reimagining of the cult-classic franchise that first took the world by storm in the 1980s. Directed by Macon Blair (I Don't Feel at Home in This World Anymore) and starring Emmy ...