Company Overview - Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that distributes content across various platforms, including theatrical, digital, and physical formats, and has a library of over 71,000 premium films, series, and podcasts [8] - Liquid Death is one of the fastest-growing non-alcoholic beverage brands, known for its unique marketing approach that combines health and sustainability with entertainment [9] Campaign Launch - Cineverse has launched a new campaign in partnership with Liquid Death ahead of the theatrical release of "The Toxic Avenger Unrated" on August 29, 2025 [1][5] - The campaign features a public service announcement (PSA) from the character Toxie, portrayed by Peter Dinklage, focusing on the dangers of high-sugar soda [1][3] Product Details - Liquid Death's soda-flavored sparkling waters contain only 10 calories and 2 grams of sugar per can, with no artificial sweeteners, and are available at major retailers like Amazon, Target, and Walmart [3] - The campaign includes a digital billboard in Times Square, NYC, and will be promoted across digital and social media platforms [4] Film Information - "The Toxic Avenger" is a horror/comedy film directed by Macon Blair, featuring an all-star cast including Peter Dinklage, Kevin Bacon, and Elijah Wood [5][6] - The film tells the story of Winston Gooze, a janitor who transforms into the Toxic Avenger after a toxic accident, fighting against corporate greed and corruption [6] Future Releases - Cineverse plans to expand its franchise with upcoming releases, including "Silent Night, Deadly Night" on December 12, 2025, and "Air Bud Returns" in 2026 [7]

Core Insights - Cineverse Corp. reported total revenue of $11.1 million for Q1 FY 2026, marking a 22% increase compared to the prior year quarter [1][4] - The direct operating margin improved to 57%, reflecting a 6% enhancement over the previous year [1] - The company experienced a net loss of $3.6 million, slightly higher than the net loss of $3.2 million in the prior year quarter [6] Financial Performance - Total revenue increased from $9.1 million in Q1 FY 2025 to $11.1 million in Q1 FY 2026, driven by growth in streaming, digital distribution, theatrical, and physical sales [4][8] - Streaming and digital revenues reached $9.1 million, an 18% improvement from $7.7 million in the prior year [8] - SG&A expenses rose by $2.4 million, or 36%, to $9.0 million, primarily due to increased compensation, marketing, and legal costs [5] Operational Developments - The company continues to expand its film slate, with upcoming releases including "The Toxic Avenger Unrated" and "Air Bud Returns" [2][14] - Total streaming viewers increased approximately 20% year-over-year to 209 million, with total minutes streamed up 38% to over 4.0 billion [13] - Cineverse's digital content library, valued at approximately $40 million, comprises over 71,000 titles [9] Financial Condition - As of June 30, 2025, the company had nearly $10.9 million in cash and access to a $12.5 million line of credit [3][9] - Working capital was reported at ($0.3) million, a decrease from $3.6 million in the prior year [9] - The company’s total assets were valued at $61.5 million, while total liabilities stood at $25.4 million [19][20]