Cineverse (CNVS) - 2025 Q3 - Quarterly Results

Financial Performance - Total revenue for Q3 FY 2025 was $40.7 million, a 207$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$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]