Cinedigm Corporation【CIDM】株式ニュース

Cineverse Reports Third Quarter Fiscal Year 2026 ResultsFebruary 17, 2026 4:00 PM
PR Newswire (US)

Total Revenue of $16.3 MillionDirect Operating Margin of 69%, compared to 48% in Prior Year QuarterAdjusted EBITDA of $2.4 MillionAnnounces Guidance of $115 to $120 Million of Revenue and $10 to $20 Million of Adjusted EBITDA for Fiscal Year 2027, Commencing April 1, 2026LOS ANGELES, Feb. 17, 2026 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for its fiscal third quarter ended December 31, 2025 ("Q3 FY 2026"):

Acquisitions (Subsequent Events)Subsequent to quarter end, the Company completed two acquisitions expected to add approximately $53 million in annual Revenue and approximately $10 million in Adjusted EBITDA for Fiscal Year 2027 (April 1, 2026 to March 31, 2027). Both transactions were completed at valuations the Company believes are favorable relative to the acquired businesses' growth profiles and are expected to be immediately accretive. Together, they accelerate Cineverse's positioning as an integrated, AI-powered platform for media distribution and monetization, while adding durable, recurring revenue streams to the business.Giant Worldwide AcquisitionSubsequent to quarter end, Cineverse purchased the assets of Giant Worldwide ("Giant"), a global media services provider serving the world's leading Hollywood studios and streaming platforms. Cineverse expects Giant to contribute Revenue of $15 to $17 million and Adjusted EBITDA of $3.5 to $4 million in fiscal year 2027. The majority of the Revenue is recurring in nature, derived from ongoing service relationships with major Hollywood studio and streaming platform clients. Within the first year, the Company anticipates approximately $2.5 million in additional annualized synergies through integration with Matchpoint™.IndiCue, Inc. AcquisitionSubsequent to quarter end, Cineverse acquired IndiCue, Inc. ("IndiCue") for $22 million in cash and shares of Cineverse common stock, subject to adjustments. Concurrent with the closing, the Company raised $13 million in convertible notes from existing long-term shareholders to support the transaction. IndiCue operates a proprietary white-label CTV monetization platform that enables publishers and streaming operators to manage, optimize, and grow their advertising revenue. Founded in 2023, IndiCue has scaled to more than 40 live clients — including IMAX, Freecast, and others — with 75 additional publishers in onboarding. IndiCue is expected to contribute approximately $38 million in revenue and approximately $7 million in Adjusted EBITDA for fiscal year 2027, representing an 18% EBITDA margin. Revenue is transaction-driven, scaling with advertising volume across the CTV ecosystem. The acquisition integrates IndiCue's monetization technology directly into the Matchpoint™ platform, creating an end-to-end white-label solution unifying content delivery and ad monetization for studios and streaming operators.We are initiating financial guidance for Fiscal Year 2027 that includes the anticipated impact of the Giant and IndiCue transactions. Revenue is expected to be $115 to $120 million and Adjusted EBITDA is expected to be $10 to $20 million(1).(1) The Company does not provide a reconciliation of forward-looking Adjusted EBITDA guidance due to the inherent difficulty in forecasting and quantifying adjustments necessary to calculate such non-GAAP measure without unreasonable effort. Material changes to such adjustments, including warrant liability and non-core operating items, could affect future GAAP results.
Q3 FY 2026 Highlights (all comparisons are to the prior year fiscal quarter ended December 31, 2024, or Q3 FY 2025):Revenue for the quarter was $16.3 million versus $40.7 million in the prior-year quarter, a 60% decrease, due to approximately $22.8 million of theatrical revenue from Terrifier 3 in the prior year fiscal quarter.Direct Operating Margin was 69%, compared to 48% in the prior year quarter, reflecting the Company's continued focus on cost management.SG&A expenses increased by $1.3 million, or 14%, to $10.7 million over the prior year quarter, primarily due to increased marketing expenses related to our theatrical releases of The Toxic Avenger and Silent Night, Deadly Night during the quarter combined with higher professional services and legal expenses associated with our recent acquisitions. These increases are offset by an approximate $1.8 million decrease in compensation expense over the prior year quarter.Net loss attributable to common stockholders was $(1.0) million, or $(0.05) per basic and diluted share, compared to a net profit of $7.0 million, or $0.34 per share, in the prior-year quarter. Adjusted EBITDA was $2.4 million, compared to $10.9 million last year. However, Adjusted EBITDA improved by $6.0 million over the prior sequential quarter, indicating the success of our efforts to reduce costs and improve margins in our base businesses.Financial Condition Overview:Cash and Cash Equivalents of $2.5 million with $4.2 million available under the $12.5 million Line of Credit Facility (expandable to $15 million) as of December 31, 2025.As of December 31, 2025, net working capital was $(1.4) million.The Company's content library, comprised of more than 66,000 titles, was valued as of March 31, 2025 with a Valuation Indication of $45 million, significantly above the $3.2 million book value of the library as of December 31, 2025.The Company continues to have its previously approved share repurchase program available which will continue to be utilized as appropriate.Operational Developments During the Quarter:Streaming audience growth: Total streaming viewers increased approximately 10% year-over-year in Q3 FY26 to 149 million, with total minutes streamed up 33% to more than 3.4 billion and FAST channel minutes up 33% to 3.2 billion.Expanded international lineup of owned and/or operated streaming fandom channels through LG Channels in Australia & New Zealand, Rock Bot, and The Roku Channel UK.Launched new streaming network, JoySauce, dedicated to 'American Asian' entertainment.SVOD expansion: Led by our flagship Cineverse channel, SVOD subscribers grew approximately 15% year-over-year to 1.55 million.Technology: Announced launch of Matchpoint™ 3.0, an automated AI-driven media supply chain platform featuring advanced automation, conversational analytics, deeper ad integration, and a fresh new UI/brand identity.Announced DEG EnTech Emerging Technology Award win for cineSearch, Powered by Matchpoint™.Announced four new customers for Matchpoint™ media supply chain platform: ATPN, The Asylum, Spark, and Waypoint.Unveiled new branding, CTV & voice features for cineSearch, Powered by Matchpoint™ ahead of CES.Motion Picture & Premium Content Releasing:Acquired exclusive rights to the award-winning global director Guillermo del Toro's classic fantasy film Pan's Labyrinth — to celebrate the 20th anniversary by leveraging the Company's theatrical distribution model for a 2026 theatrical re-release in 3D and 4k. The multi-year deal includes all North American distribution rights.Bloody Disgusting & Podcast Business Development:Announced Bloody Disgusting partnership with Veeps.com, to perform a global livestream Halloween concert of horror master and iconic composer John Carpenter. The one-night-only event marks Carpenter's return to the stage, streaming live worldwide on Halloween night.Operational Developments Subsequent to Quarter-End:Announced acquisition of Giant and the integration of service into Matchpoint™ platform – bringing deep studio relationships into its automated media services ecosystem. Also announced new leadership team for Giant, a Matchpoint™ company.Completed approximately $2 million of SG&A cost reductions subsequent to quarter end in January 2026, and expect to realize the vast majority of the remaining $5.5 million in targeted cost reductions over the next two quarters.Ended the quarter with approximately 44,600 subscribers to the Cineverse-branded streaming service.Announced Hulu's acquisition of the streaming rights for The Toxic Avenger, to debut on the platform on January 8, 2026.Announced innovative partnership with GameStop to promote Return to Silent Hill theatrical release.Announced theatrical release date for Air Bud Returns – August 21, 2026. The film also recently completed principal photography.Launched Matchpoint® Creative Labs – leveraging generative AI to enable creative services for FAST and ad-supported streaming services.Announced release of Silent Night, Deadly Night on digital, with dates announced for physical releases.Management Commentary:Chris McGurk, Cineverse Chairman and CEO, stated: "Our financial objective during this quarter was to focus on improving operating results in our base business in anticipation of closing the transformative Giant and IndiCue acquisitions. We are very pleased that these efforts paid off, with significant increases in both Direct Operating Margins and Adjusted EBITDA. Our Direct Operating Margin climbed to 69% versus 48% last year and we recorded Adjusted EBITDA of $2.4 million, up $6.0 million from the prior sequential quarter.""The Giant and IndiCue acquisitions are truly transformative for Cineverse. Both immediately add significant revenues and Adjusted EBITDA to the Company. They both also bring large, durable and scalable streams of recurring revenues to the Company and significantly strengthen our market position as an AI-powered comprehensive technology services and infrastructure solutions provider for the entertainment industry. We believe both acquisitions featured favorable valuations and deal structures and will be strongly accretive.""Already, we have seen extremely positive results from the Giant acquisition over the last 6 weeks, and IndiCue's month-over-month financial performance prior to acquisition was scaling up very rapidly. Therefore, we feel very confident in the financial guidance we are issuing for Fiscal Year 2027, which begins April 1, 2026, of $115 to $120 million in Revenue and $10 to $20 million in Adjusted EBITDA."Erick Opeka, Cineverse President and Chief Strategy Officer, stated: "Our focus continues to be on identifying and executing accretive acquisitions that deepen the competitive moat for Matchpoint™ and shifts the Company toward durable, recurring revenue streams. The Giant and IndiCue acquisitions do exactly that – together they connect distribution, data, and monetization into a single, unified solution, positioning Matchpoint™ as the only full-stack streaming distribution and monetization platform for studios and global digital platforms.""At the same time, we are continuing to improve margins and see meaningful growth in our recurring subscription business. We ended the quarter and the 2025 calendar year adding a net 45,000 streaming subscribers to our newest channel, Cineverse. We believe our low-cost theatrical model drives substantial brand awareness for this service, and we will continue to maintain cost discipline in that channel while completing our focus on SG&A reductions. We completed approximately $2 million of cost cuts subsequent to quarter end in January 2026, and expect to realize the vast majority of the remaining $5.5 million in cost reductions over the next two quarters. Combined with the anticipated stellar performance of our two new business units, we are confident in our guidance for the coming fiscal year."Conference CallCineverse will host a conference call at 4:30 p.m. EST/1:30 p.m. PST (Tuesday, February 17, 2026), during which management will discuss the results of its fiscal third quarter ended December 31, 2025.Call details are as follows:The conference call will be accessible online via the Cineverse Investor Relations website, https://investor.cineverse.com.You can also register in advance to access the live conference call at: Cineverse Corp Fiscal 2026 Third Quarter Earnings Call.An audio recording of the conference call will be available for replay shortly after its completion. To access the replay, visit the Events and Presentations section of the Cineverse Investor Relations website.About CineverseCineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 66,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing unrated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more. Powering visionary storytelling with cutting-edge innovation, Cineverse's proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit home.cineverse.com.Safe Harbor StatementInvestors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commission, including Cineverse's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings, or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cineverse's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions about Cineverse, its technology, economic and market factors, and the industries in which Cineverse does business, among other things. These statements are not guarantees of future performance, and Cineverse undertakes no specific obligation or intention to update these statements after the date of this release.For additional information, please contact:
Julie Milstead
424-281-5411
investorrelations@cineverse.comCINEVERSE CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

As of

December 31,
2025

March 31,
2025

(Unaudited)

ASSETS
Current Assets

Cash and cash equivalents
$2,461

$13,941
Accounts receivable, net

17,400

15,752
Content advances

7,949

6,736
Other current assets

1,424

1,652
Total current assets

29,234

38,081
Property and equipment, net

3,528

2,876
Intangible assets, net

17,733

18,168
Goodwill

6,799

6,799
Content advances, net of current

9,239

4,053
Other long-term assets

2,041

2,539
Total Assets
$68,574

$72,516
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities

Accounts payable and accrued expenses
$22,068

$31,109
Line of credit

8,281

—
Current portion of deferred consideration

—

2,956
Current portion of operating lease liabilities

290

187
Other current liabilities

8

183
Total current liabilities

30,647

34,435
Operating lease liabilities, net of current

182

275
Other long-term liabilities

1

14
Total Liabilities
$30,830

$34,724
Commitments and contingencies

Stockholders' Equity

Preferred stock

3,559

3,559
Common Stock

197

194
Additional paid-in capital

559,496

548,405
Treasury stock, at cost

(13,158)

(12,193)
Accumulated deficit

(511,248)

(500,908)
Accumulated other comprehensive loss

(279)

(305)
Total stockholders' equity of Cineverse Corp.

38,567

38,752
Deficit attributable to noncontrolling interest

(823)

(960)
Total equity

37,744

37,792
Total Liabilities and Equity
$68,574

$72,516
CINEVERSE CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)

Three Months Ended
December 31,

2025

2024
Revenues
$16,286

$40,740
Operating expenses

Direct operating

5,049

20,997
Selling, general and administrative

10,690

9,361
Depreciation and amortization

1,203

946
Total operating expenses

16,942

31,304
Operating (loss) income

(656)

9,436
Interest expense

(195)

(2,342)
Other (expense) income, net

(5)

73
Net (loss) income before income taxes

(856)

7,167
Income tax expense

(19)

(6)
Net (loss) income

(875)

7,161
Net income attributable to noncontrolling interest

(49)

(48)
Net (loss) income attributable to controlling interests

(924)

7,113
Preferred stock dividends

(89)

(89)
Net (loss) income attributable to common stock holders
$(1,013)

$7,024
Net (loss) income per share attributable to common stock holders:

Basic
$(0.05)

$0.38
Diluted
$(0.05)

$0.34
Weighted average shares of common stock outstanding:

Basic

19,218

15,880
Diluted

19,218

17,774
Adjusted EBITDA We define Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, stock-based compensation expense, merger and acquisition costs, restructuring, transition and acquisitions expense, net, goodwill impairment and certain other items.Adjusted EBITDA is not a measurement of financial performance under GAAP and may not be comparable to other similarly titled measures of other companies. We use Adjusted EBITDA as a financial metric to measure the financial performance of the business, because management believes it provides additional information with respect to the performance of its fundamental business activities. For this reason, we believe Adjusted EBITDA will also be useful to others, including our stockholders, as a valuable financial metric.We present Adjusted EBITDA because we believe that Adjusted EBITDA is a useful supplement to net income (loss) from continuing operations as an indicator of operating performance. We also believe that Adjusted EBITDA is a financial measure that is useful both to management and investors when evaluating our performance and comparing our performance with that of our competitors. We also use Adjusted EBITDA for planning purposes, and to evaluate our financial performance because Adjusted EBITDA excludes certain incremental expenses or non-cash items, such as stock-based compensation charges, that we believe are not indicative of our ongoing operating performance.We believe that Adjusted EBITDA is a performance measure and not a liquidity measure, and therefore a reconciliation between net income (loss) from operations and Adjusted EBITDA has been provided in the financial results. Adjusted EBITDA should not be considered as an alternative to net income (loss) from operations as an indicator of performance, or as an alternative to cash flows from operating activities as an indicator of cash flows, in each case as determined in accordance with GAAP, or as a measure of liquidity. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. We do not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP.Following is the reconciliation of our consolidated net income (loss) to Adjusted EBITDA (in thousands):

Three Months Ended
December 31,

2025

2024
Net (loss) income
$(875)

$7,161
Add Back:

Income tax expense

19

6
Depreciation and amortization ?¹?

1,332

1,031
Interest expense

195

2,342
Stock-based compensation

1,027

490
Other expense (income), net

5

(73)
Net income attributable to noncontrolling interest

(49)

(48)
Acquisition-related costs

603

—
Employee severance costs

97

—
Adjusted EBITDA
$2,354

$10,909

(1) - Includes $129 thousand and $85 thousand of amortization included in direct operating expenses on our Condensed Consolidated Statements of Operations for the three months ended December 31, 2025 and 2024, respectively

View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-reports-third-quarter-fiscal-year-2026-results-302689938.htmlSOURCE Cineverse Corp.

Original: Cineverse Reports Third Quarter Fiscal Year 2026 Results

Cineverse Acquires Profitable Connected TV Monetization Platform IndiCue in Transformational Deal, Expanding High-Margin Infrastructure that Powers Modern Content DistributionFebruary 13, 2026 9:00 AM
PR Newswire (US)

Establishes Clear Path to $115-$120 Million in Revenue and $10-$20 Million in Adjusted EBITDA in Fiscal Year 2027 Commencing April 1, 2026 (1)Accelerates Transition to Majority Technology Revenue Through Scalable, Recurring Infrastructure EconomicsTransaction Financed by Existing Long-Term ShareholdersLOS ANGELES, Feb. 13, 2026 /PRNewswire/ -- Cineverse Corp. (Nasdaq: CNVS) today announced the acquisition of IndiCue, Inc., a profitable advertising technology company, achieving a major milestone in Cineverse's evolution into a streaming infrastructure company -- building and operating the systems that power how content is distributed and monetized across the global video streaming ecosystem.

The acquisition integrates IndiCue's advertising and monetization capabilities directly into Cineverse's award-winning Matchpoint® platform, enabling Cineverse to operate a unified system spanning content preparation, distribution, monetization, reporting, and real-time performance optimization across FAST, AVOD, Connected TV (CTV), and all ad-supported streaming environments. With this integration, Cineverse moves beyond passive distribution and reporting by gaining the ability to actively improve how content generates advertising revenue in real-time, responding dynamically to viewer behavior and market demand. This deal, following the recently announced acquisition of Giant Worldwide by Cineverse, exemplifies the Company's continued strategic and disciplined approach to value creation for shareholders. It continues to focus on identifying companies with strong recurring revenue at attractive valuations, then enhancing their revenue potential by converting them to the modern era by implementing automation and system-level optimization that drive scale with software-like profit margins, while operating essential media and advertising infrastructure."This represents a key leap forward for Cineverse, with IndiCue adding a strategically important monetization component that, when combined with our existing Matchpoint platform suite, gives us a near end-to-end technology platform whose high level of automation provides a significant competitive advantage by dramatically lowering costs while providing higher operational efficiency than any competitor out there," said Cineverse Chairman and CEO Chris McGurk.He added, "The acquisitions of IndiCue and Giant Worldwide have largely completed our strategy to build a comprehensive, scalable infrastructure solution for the entertainment industry, and transform our company, which – alongside our studio operations – is now in position to thrive, with a strong balance sheet and high-growth recurring revenue, margin and income profile. IndiCue strengthens the execution layer of our business, adding profitable, recurring monetization infrastructure that scales as volume and complexity increase across the streaming ecosystem."IndiCue – CTV Monetization with 100+ Customers Live or OnboardingIndiCue is a proprietary connected television (CTV) monetization platform that provides streaming publishers and operators with the technology infrastructure to manage, optimize, and grow their advertising revenue across FAST, AVOD, and ad-supported streaming environments.The company operates an integrated ad technology stack that includes ad serving, supply-side platform (SSP), demand-side platform (DSP), and server-side ad insertion (SSAI) capabilities, all built on high-performance bare metal infrastructure designed for low operational costs, speed, reliability, and scale.Founded in 2023, IndiCue has rapidly scaled to more than 40 live clients, with 75 additional publishers currently being onboarded. IndiCue is expected to generate approximately $38 million in revenue and $9.6 million in EBITDA in calendar year 2026, representing a 25% EBITDA margin and immediate accretion at close, reflecting the operating leverage of transaction-driven CTV advertising infrastructure.(1)IndiCue's customer base includes major media companies such as IMAX, Freecast, Cannella Media, Loop Media, KTSF, and Dial Up Media, as well as many independent FAST and AVOD platforms and other streaming content distributors.Financial Impact and OutlookThe acquisition positions Cineverse for a materially improved financial profile, driven by scalable, recurring technology revenue and expanding operating leverage.Fiscal Year 2027 revenue is expected to reach $115-$120 million, with technology platforms representing more than 50% of total revenue. Adjusted EBITDA is expected to reach $10-$20 million in Fiscal Year 2027, reflecting the accretive nature of the transaction and continued margin expansion.(1) IndiCue is EBITDA-positive at close and is expected to contribute approximately $38 million of annualized revenue beginning in Fiscal Year 2027 (commencing April 1, 2026).IndiCue's revenue scales with advertising transaction volume across the CTV ecosystem, supporting durable, recurring infrastructure revenue rather than license-based software economics.Strategic RationaleThe addition of IndiCue into the Matchpoint ecosystem completes a critical component of Cineverse's platform strategy and vision. The combined companies now connect distribution, data, and monetization into a single, unified solution, allowing Cineverse and its streaming partners to respond dynamically to performance signals, optimize ad placement, and improve ad yield across the highly fragmented CTV landscape.The combined platform functions as an execution layer for streaming content distribution and advertising monetization, providing real-time analytics visibility and automated workflows that FAST channels, AVOD services, and independent streaming operators require to remain competitive in the rapidly evolving ad-supported streaming market.It also becomes the only independent, full-stack white-label solution unifying content delivery and ad monetization for studios and streaming operators. This positions Cineverse to effectively serve customers who want to reduce operational complexity by utilizing fewer vendors, reducing required integration points, and who demand a single accountable partner across both streaming operations and monetization.The Product and Engineering teams from Cineverse and IndiCue will leverage the expansive Matchpoint technology portfolio to jointly develop new ad tech products and advanced data capabilities designed to deliver advancements within the CTV advertising ecosystem that leverage the unique combined capabilities and expertise of the two company's technology teams.IndiCue's world-class monetization team will also directly support the revenue optimization of Cineverse's portfolio of owned and operated streaming platforms, creating immediate value while driving continued platform development."For years, we've focused on building advanced, next-generation infrastructure designed to scale the highly complex task of digital video distribution," said Erick Opeka, President and Chief Strategy Officer of Cineverse. "With IndiCue, Matchpoint becomes a closed loop: distribution, data, and monetization working together as a single system. This gives us a powerful feedback engine that allows us to understand performance in real time and act on it, improving results for our own content and for some of the largest media companies in the world."Transaction Financing and AlignmentThe acquisition was financed through a combination of cash, deferred consideration, and performance-based earnouts, with total potential consideration of up to $40.0 million, including $22.0 million in base consideration and up to $18.0 million tied to future performance milestones.Concurrent with closing and as previously disclosed, Cineverse raised $13 million in convertible notes to support the closing of transaction and working capital requirements. The note financing was driven by existing long-term Cineverse shareholders, reflecting strong conviction in the Company's strategy and long-term value creation opportunity.Integration and TeamIndiCue's founding team and senior leadership have joined Cineverse in newly appointed roles under multi-year employment and retention agreements. This includes Nicholas Frazee newly appointed as EVP of Revenue, Yuriy Gorokhov as EVP of Technology and John Marchesini as EVP of Product & Monetization. The combined organization brings together deep expertise across CTV advertising technology, distribution, data, and content operations."IndiCue was built to improve content monetization and allow programmatic advertising to perform far more efficiently in complex, fragmented environments," said Nicholas Frazee, Chief Executive Officer of IndiCue, and now EVP of Revenue for Cineverse. "Joining Cineverse allows us to integrate our advanced monetization capabilities directly into an enterprise-grade platform that powers content distribution at significant scale. We are now in the unique position of controlling the entire content and ad pipeline from end-to-end. In addition, as an established ad platform and now first-party publisher, we can be nimble and leverage our complementary industry expertise to focus on building next-generation technology that will define the future of advertising."About Cineverse Technology GroupCineverse develops proprietary technology that powers the future of entertainment, leveraging the Company's position as a pioneer in the video streaming industry along with the industry-leading strength of its development team in India. This team has dedicated years building and refining technology solutions that have pioneered streaming content management and distribution while leaning into advances in AI to set the company apart from the competition. This includes the award-winning media supply chain platform Matchpoint™; the AI-powered search and discovery tool for film and television, CINESEARCH, which makes deciding what to watch as entertaining as the entertainment itself; cineCore, a dataset of more than two million titles, including extensive proprietary AI-generated film and TV metadata; and the C360 programmatic audience network and ad-tech platform that provides brands the opportunity to target and reach key fandoms wherever they are.About CineverseCineverse (Nasdaq: CNVS) is an entertainment technology company and studio. Fiercely innovative and independent, Cineverse develops and invests in technology and content that drives the future of the industry. Core to its business is Matchpoint® – a growing tech ecosystem powered by AI and designed to prepare, distribute, monetize, and continuously improve content across any platform. Matchpoint helps studios large and small operate at scale and improve performance and efficiency in an increasingly fragmented distribution environment. Additionally, Cineverse distributes more than 71,000 premium films, series, and podcasts, across theatrical, home entertainment, and streaming; operates dozens of digital properties that super serve passionate fandoms around the world; and works with leading brands to connect them with audiences they value. From award-winning technology to the highest-grossing unrated film in U.S. history, Cineverse has created a playbook that marries tech and content to redefine the next era of entertainment. For more information, visit home.cineverse.com. Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expected revenue, adjusted EBITDA, revenue mix, platform expansion, and long-term strategy. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may affect results are described in Cineverse's filings with the Securities and Exchange Commission. Cineverse undertakes no obligation to update forward-looking statements.(1) The Company does not provide a reconciliation of forward-looking Adjusted EBITDA guidance due to the inherent difficulty in forecasting and quantifying adjustments necessary to calculate such non-GAAP measure without unreasonable effort. Material changes to such adjustments could affect future GAAP results.Investor Contact:
Julie Milstead
investorrelations@cineverse.comMedia Contact:
The Lippin Group for Cineverse
cineverse@lippingroup.com

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Original: Cineverse Acquires Profitable Connected TV Monetization Platform IndiCue in Transformational Deal, Expanding High-Margin Infrastructure that Powers Modern Content Distribution