, /PRNewswire/ -- Cineverse Corp (Nasdaq: CNVS), a next-generation entertainment studio, has today launched Matchpointâ"¢Â 3.0, the newest version of the Company's proprietary, state-of-the-art, automated media supply chain platform that is radically changing the way video content is managed and delivered. This comes with the launch of a new brand identity, seen now at www.matchpoint.tv, updating and modernizing the UI's look-and-feel, making it easier-to-use for customers. Matchpoint Logo Matchpoint Insig ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were RMB 6.6 billion, with membership services revenue at RMB 4.1 billion, down 9% year-over-year due to a lighter content slate compared to the previous year [35] - Online advertising revenue decreased by 13% year-over-year to RMB 300 million, influenced by advertisers adjusting strategies in response to macro pressures [36] - Accounts and distribution revenue fell by 37% year-over-year to RMB 436.6 million, primarily due to a decrease in other transactions [36] - Non-GAAP operating income was RMB 58.7 million, with a non-GAAP operating income margin of 1% [38] - Cash and cash equivalents totaled RMB 5.1 billion at the end of Q2 [38] Business Line Data and Key Metrics Changes - The experience business is focusing on IP-based consumer products and offline experiences, with self-operated live table trading cars achieving over RMB 100 million in GMV [6] - The company maintained leadership in the core long-form drama category, with notable performances from original dramas like "Field" and "Coroner's Diary," both achieving popularity index scores over 10,000 [8][48] - Micro dramas saw significant growth, with "How Dare You" reaching a historical high popularity index score of 5,500 [11] - The movie segment launched over 10 major titles, with "The Shadow's Edge" surpassing RMB 300 million in box office revenue [14][48] Market Data and Key Metrics Changes - Membership revenue grew by approximately 35% year-over-year, driven by strong performances in markets like Brazil, Mexico, and Indonesia [32] - The average daily subscribers reached an all-time high during the quarter, with original C dramas topping popularity charts in 15 overseas markets [32] - Micro dramas ranked as the second largest category attracting new subscriptions in Indonesia, Korea, and Brazil [33] Company Strategy and Development Direction - The company aims to strengthen content strategies across different categories, focusing on premium productions with high commercial value and innovative formats [50] - Plans to enhance the experience business through IP-based consumer products and immersive experiences, with ongoing development of IT land and immersive centers [6][56] - The company is committed to expanding its global influence through marketing events and enhancing its content offerings internationally [34] Management's Comments on Operating Environment and Future Outlook - Management views the recent policy changes in China's long-form video industry as a positive development, enhancing content production efficiency and creative freedom [42][44] - The company plans to leverage new policies to innovate in content production and expand its market share in online video streaming and theatrical releases [51] - Future strategies include focusing on flagship multi-season IPs and exploring new monetization opportunities beyond existing membership models [50] Other Important Information - The company has repurchased a total principal amount of US$85 million of the 2028 notes, optimizing its debt structure [39] - AI technology is being harnessed to enhance user engagement and streamline content production processes [28][30] Q&A Session Summary Question: Impact of recent policy changes in China's long-form video industry - Management believes the new policies will shorten content production cycles, enhance creative freedom, and improve capital utilization, benefiting both online platforms and traditional broadcasters [42][44] Question: Overview of content performance this summer and future content strategy - Management highlighted strong performances across various content categories, with several original dramas achieving high popularity scores and plans to innovate in content production [48][50] Question: Strategies for offline theme parks and market size - The company is transitioning to a sub-operation model for consumer products and expanding its immersive experiences in multiple cities [54][56] Question: Debt management plan - Management provided insights into the company's healthy capital structure, with sufficient cash to meet debt obligations and a balanced approach to long-term and short-term loans [60]

Company Overview - Cineverse Corp (Nasdaq: CNVS) is a next-generation entertainment studio that focuses on empowering creators and entertaining fans through technology [11] - The company distributes over 71,000 premium films, series, and podcasts, and has developed a new blueprint for delivering entertainment experiences efficiently [11] Key Executive Appointment - Michele Edelman has been appointed as EVP, Technology & General Manager of Matchpoint™, effective immediately [1] - Edelman previously served as a consultant to the Cineverse Technology Group, where she significantly impacted the service identity and launched several new Matchpoint customers [3][4] Role and Responsibilities - In her new role, Edelman will oversee Cineverse's go-to-market strategy, including sales, marketing, and daily operations of Matchpoint, which is a leading media supply chain platform [2] - She is also responsible for driving the sales and marketing strategy for cineSearch for Business, an AI-powered content search and discovery platform [5] Technology and Innovation - Matchpoint™ is designed to transform video content management and delivery by replacing traditional processes with a fully automated workflow, reducing costs and human error [8] - Cineverse's proprietary technology leverages advances in AI to enhance streaming content management and distribution [10] Industry Recognition and Experience - Edelman has a rich background in the entertainment industry, having spent 20 years at Warner Bros. in various senior roles, including VP of Worldwide Marketing [6] - She has received numerous accolades, including recognition among the Top 40 in Streaming Media and the Women in Home Entertainment Award [7]