Cineverse Corp

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Cineverse Corp Reports Transition Year, Plans Growth

Cineverse Corp's FY 2024 marked a year of strategic transition, focusing on cost optimization and operational efficiency. Despite revenue challenges, the company is poised for growth with its strong franchise, technological advancements, and new market initiatives. The stock repurchase program reflects confidence in the company's valuation and future prospects.

Cineverse Corp plans profit boost with Terrifier 3 release

Cineverse Corp aims for sustainable cash flow positivity in FY 2025.
Focus on boosting profits with upcoming theatrical release and new technologies.
Addressing revenue decline through direct sales and content monetization strategies.
Confidence in revenue growth despite current timing-related challenges.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand, advertising-based video on demand, and free, ad-supported streaming television channels. It entertains consumers around the globe by providing premium feature films and television series, enthusiast streaming channels, and technology services to some media, retail, and technology companies. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.

Terrifier 2's Art the Clown Collector's Edition VHS among Items from Cineverse's Horror Brand LOS ANGELES , June 28, 2024 /PRNewswire/ -- Cineverse (NASDAQ:  CNVS ), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have announced today a new Horror Fan Shop featuring exclusive Bloody Disgusting merch including Terrifier 2's Art The Clown and more at 1,700-plus Walmart stores across the country. This collection has limited quantities and was curated by Bloody Disgusting specifically for fans.

Exclusive Bloody Disgusting Merchandise Now Available in Horror Fan Shops at Select Walmart Locations

'9 Story Presents: Garfield and Friends' FAST Channel Now Available on Sling Freestream. LOS ANGELES , June 27, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the 9 Story Presents: Garfield and Friends Channel is now live on Sling Freestream.

Cineverse and 9 Story Bring Garfield to New Free Streaming Channel

SAN JOSE, Calif. , June 25, 2024 /PRNewswire/ --  XL8 , a leading deep-tech startup specializing in AI-powered machine translation technology, and  Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced an agreement to enhance Cineverse's Matchpoint content management and distribution platform with XL8's advanced AI-driven captioning and localization capabilities.

XL8 and Cineverse Announce Groundbreaking AI-Powered Captioning and Localization Partnership

LOS ANGELES , June 24, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced it will release its financial results for the fourth quarter and full fiscal year 2024 ended March 31, 2024, after market close on Monday, July 1, 2024. Cineverse will host a conference call discussing these results at 4:30 p.m.

Cineverse to Report Fourth Quarter and Full-Year Fiscal 2024 Financial Results on Monday, July 1, 2024

LOS ANGELES , June 21, 2024 /PRNewswire/ --Titan Books is thrilled to announce the upcoming novelisation of the slasher film Terrifier 2, in partnership with Cineverse (NASDAQ: CNVS) and its horror division, Bloody Disgusting. The book will be out October 29, 2024, to accompany the release of Terrifier 3 in cinema and is written by Tim Waggoner, author of the Halloween Kills and Resident Evil: The Final Chapter novelisations.

TITAN BOOKS PUBLISHING TERRIFIER 2 NOVELISATION WITH BLOODY DISGUSTING

Shooting Wrapped Last Week on Hotly Anticipated Slasher Sequel Terrifier 3 opens nationwide on October 11, 2024, just in time for the Halloween season. LOS ANGELES , June 17, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have announced today that horror icon  Jason Patric (The Lost Boys, Narc) has joined the cast of Terrifier 3 from filmmakers Damien Leone and Phil Falcone.

Jason Patric Joins Terrifier 3 Cast

Driven by Eight Fan-focused Channels with 400K-plus Subs and Successful New Additions for Dog Whisperer and For Us By Us Network LOS ANGELES , June 13, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced that it has passed 10 million subscribers to its fandom-focused YouTube channels.  This success has been driven by the company's fan-focused social video channels for several of its brands that have earned 400K or more subscribers on YouTube alone, including AsianCrush (pan-Asian, approaching 3.5 million), Free Movies from Cineverse (indie film, 1.3 million), K-Crush (K-pop, 938K), RetroCrush (classic anime, 901K), Cineverse Romance (romance movies, 760K), Midnight Pulp (cult movies and TV shows, 636K), QTTV (LGTBQ+, 575K) and Bloody Disgusting (horror, 407K).

Cineverse Passes Ten Million YouTube Subscribers

India-Based Team Already Supporting the Company by Providing Services That Bring Cost-Savings and Business Optimization Suite of Services Offered to External SaaS Customers and Other Partners Looking to Reduce Overhead and Streamline Expenses LOS ANGELES , May 23, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the expansion of its India-based Cineverse Services operation, which is now providing services to customers in the U.S. seeking to reduce overhead and streamline expenses by optimizing its back-end operations across a suite of offerings.  Now approaching 40 team members, with plans to scale to 50 by the fall, Cineverse Services is available as an add-on to Matchpoint for existing SaaS customers, as well as other partners, creating a new revenue stream for the company.

Cineverse Services Now Available to Matchpoint Partners, Bringing an Additional Revenue Stream to the Company

Fueled by Hit Entertainment, Horror, and True Crime Shows, Network Ranks #8 in North America for Listeners and #17 for Downloads & Streams Exciting New Shows and Expanded Ad Sales Team Poised to Drive Further Growth LOS ANGELES , May 9, 2024 /PRNewswire/ -- Cineverse Podcast Network, the audio powerhouse behind some of the most captivating entertainment, horror, and true crime podcasts, has achieved a new milestone, attracting 9.6 million unique listeners and generating 12.7 million downloads and streams in April 2024. This impressive growth has propelled the network to the #8 spot in North America for listeners, sandwiched between industry giants The New York Times and The Walt Disney Company, and #17 for downloads and streams.

Cineverse Podcast Network Surges to 9.6 Million Unique Listeners and 12.7 Million Downloads in April 2024

Partnership to Be Used as a Model for Future Cineverse Film Projects LOS ANGELES and SANTA MONICA, Calif. , May 7, 2024 /PRNewswire/ -- BondIt Media Capital has closed a new co-financing partnership with Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company.

BondIt Media Capital and Cineverse form Unique and Innovative Partnership to Finance Film Distribution

Introducing Ava, an "AI Video Advisor" Designed to Decrease Time Deciding What to Watch, Provide Fast, Personalized Viewing Recommendations and Enable Platforms to Increase Revenue and Reduce Churn LOS ANGELES , May 2, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, has debuted cineSearch, a new content search and discovery (SAND) service. Available today in public Beta, which can be accessed at cineSearch.com , cineSearch promises to redefine how audiences interact with movies and TV shows.

Cineverse Unveils Public Beta of AI-Powered Content Discovery Solution - cineSearch

New, Earlier Release Date Ensures Fans Won't Have to Wait to See Art the Clown Murder Christmas Joy for the Residents of Miles County in the Highly Anticipated Threequel LOS ANGELES , May 1, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have today announced that the Terrifier 3 is now slated for an October 11 th  premiere this year. This moves the release date up two weeks, giving fans even more time to get into the holiday spirit –  and make sure their stomachs are fully settled in time for any year-end family gatherings and dinners.

Cineverse and Bloody Disgusting to Premiere Terrifier 3 in Theatres Across North America on October 11

Expansive licensing agreement with Cineverse includes The Bob Ross Channel, Comedy Dynamics, Dove Channel, and Dog Whisperer with Cesar Millan, while Scripps Networks' Court TV and Scripps News all join DIRECTV's rapidly expanding lineup today LOS ANGELES , April 23, 2024 /PRNewswire/ -- DIRECTV is adding seven new channels to its rapidly expanding streaming lineup through new licensing agreements with Cineverse Corp. (NASDAQ: CNVS) and Scripps Networks. The first of Cineverse's more than a dozen popular channels to join DIRECTV streaming homes are The Bob Ross Channel, Comedy Dynamics, Dog Whisperer with Cesar Millan, and Dove Channel (family programming).

DIRECTV Delivers More Choice with Seven New Channels from Cineverse and Scripps Networks

The Popular Streaming Services Are Now Available to Millions More Households Across the US, Joining Other Cineverse Channels Including Docurama, Dove Channel, Midnight Pulp, Fandor, and Screambox LOS ANGELES , April 17, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, today announced the launch of AsianCrush and RetroCrush on Comcast's Xfinity and Xumo streaming devices, expanding the reach of the streaming services to millions of new households across the US. AsianCrush which is dedicated to bringing viewers the best of pan-Asian entertainment, and RetroCrush, which offers classic anime titles, are both available as subscription video on demand (SVOD) add-ons for an additional monthly fee.

Cineverse's AsianCrush and RetroCrush Launch on Xfinity and Xumo Streaming Devices

Built in Collaboration With Google Cloud's Gen AI Technology, cineSearch Will Be the Most Advanced Search and Discovery Tool for Film and Television Content LOS ANGELES , April 10, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a global streaming technology and entertainment company, has selected Vionlabs and Datatonic as key technology partners for the company's new generative AI search and discovery tool, cineSearch. Through these strategic partnerships and developed using Google Cloud's Vertex AI platform, cineSearch promises to redefine how audiences interact with movies through Ava – new personalized AI video adviser designed to make deciding what to watch as entertaining as the entertainment itself.

Cineverse Enlists Top AI Companies Vionlabs and Datatonic to Further Enhance Content Discovery Tool cineSearch

Distribution Deal follows Successful Theatrical Run for 2022 Sensation Terrifier 2, which Grossed more than $15 Million at the Global Box Office LOS ANGELES , April 9, 2024 /PRNewswire/ -- Cineverse (NASDAQ:  CNVS ), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have today announced that it has chosen Iconic Events Releasing as the theatrical distribution partner for Terrifier 3 from filmmakers Damien Leone and Phil Falcone. The announcement was made at CinemaCon, taking place this week in Las Vegas, and as the film wraps production in New Jersey, ahead of a Q4  2024 release in theaters nationwide.

Cineverse and Bloody Disgusting Partner with Iconic Events Releasing for Terrifier 3 Q4 2024 Theatrical Release

Gracenote Entertainment Metadata Helps cineSearch's Ava Chatbot Solve Significant Consumer Problem of Figuring out What to Watch LOS ANGELES , April 8, 2024 /PRNewswire/ -- Cineverse (NASDAQ:CNVS), an innovative streaming technology and entertainment company, continues to form strategic relationships that will help solve the industry's content search and discovery issues. The company has today announced a deal with Gracenote, a Nielsen company, to integrate industry-leading metadata for millions of films and television shows into cineSearch – Cineverse's AI-powered conversational entertainment search platform that is set to be unveiled this spring (visit cineSearch.com to join the waitlist).

Cineverse Teams Up With Gracenote to Vastly Expand Search Capabilities for cineSearch - the Conversational AI-Powered Discovery Tool for Film and Television Content

The "Yu-Gi-Oh!" Franchise, Among Titles Bolstering Cineverse's Anime Library for Distribution LOS ANGELES, March 26, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), a global streaming technology and entertainment company, has announced a multi-year extension of its partnership with Konami Cross Media NY, Inc. (KCMNY), solidifying the Company's position as a leader in the streaming anime landscape.

Cineverse Signs Multi-Year Deal with Konami Cross Media NY, Inc. Unveiling Exciting Programming for Anime Fans in 2024

The Documentary Features Carissa Moore and Caroline Marks as They Vie for Their Spots on the First U.S. Olympic Women's Surfing Team. NBA Icon Kobe Bryant Captured in One of His Last On-Camera Appearances.

Women Surfers Compete for History-Making Olympics Team in Represent, Streaming Now Exclusively on Peacock

LOS ANGELES , March 15, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS) announced today that the pulse-pounding survival drama ON FIRE is coming to the NBC Universal streaming service Peacock this spring. Inspired by the true and harrowing events from several catastrophic wildfires on the Pacific coast, the film premiered at the 2023 Mammoth Film Festival where it was nominated for Best Genre Film.

Survival Drama ON FIRE Heads to NBC Universal Streaming Service Peacock March 22

New Omnichannel Platform Brings Together CTV, FAST, Audio, Digital, Social, and Events reaching more than 82 million enthusiast monthly viewers across more than 1.2 billion devices Top Independent Publisher of Digital Content, Podcasts and CTV/FAST Channels Connects with Fans Across Popular Genres Such as Anime, Family and Horror Terry City, Ad Industry Veteran from Yahoo!, Buzzfeed, Tastemade and Variety, joins Cineverse as SVP and Head of Cineverse 360 LOS ANGELES , Feb. 15, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), today announced the launch of Cineverse 360 (C360), a new ad platform providing brands the ability to connect with enthusiast audiences across an exclusive, omnichannel mix of marketing offerings.

CINEVERSE ANNOUNCES THE LAUNCH OF NEW AD PLATFORM 'CINEVERSE 360'

Cineverse (NASDAQ: CNVS ) stock is down on Thursday following the release of the streaming technology and entertainment company's fiscal Q3 2024 earnings report. CNVS stock is down after the company revealed diluted earnings per share of -22 cents.

Why Is Cineverse (CNVS) Stock Down 32% Today?

Cineverse Corp. (CNVS) Q3 2024 Earnings Call Transcript

Total Revenue of $13.3 Million Total Direct Operating Margin Increased to 59% from 48% Selling, General, and Administrative Expenses Decreased By $2.7 Million, or 30% Adjusted EBITDA of $1.8 Million LOS ANGELES , Feb. 14, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal third quarter ended December 31, 2023 ("Q3 FY 2024").  Q3 FY 2024 Highlights (all comparisons are to the prior year fiscal quarter ended December 31, 2022):  Similar to the reported results for last quarter, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins continued to have a very positive impact on our financial results.

Cineverse Reports Third Quarter Fiscal Year 2024 Results

Cineverse (NASDAQ: CNVS ) stock is rising higher on Thursday after the company announced a new partnership with Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) Google Cloud. Cineverse says that this has it using Google Cloud's Vertex AI Search to develop its cineSearch technology.

News for Cineverse Corp Stock (CNVS)