US Market News
23時間前
Cineverse Reports Fourth Quarter and Fiscal Year 2026 ResultsJune 26, 2026 8:00 AM
PR Newswire (US) Transformative acquisitions of IndiCue and Giant Worldwide complete Cineverse's evolution into an AI-driven, fully integrated entertainment technology company and studio, contributing $11.6 million of revenue in their first partial quarter and unlocking durable, recurring revenue streamsFourth Quarter Revenue of $26.0 Million, a $10.4 Million or 67% Increase Over the Prior Year QuarterFourth Quarter Net Income Attributable to Common Stockholders of $1.1 Million, a 51% Increase Over the Prior Year QuarterTargeted Annualized Cost Reductions and Synergies Increased to Approximately $10 Million; $2 Million Completed by March 2026.Cineverse Reaffirms Fiscal Year 2027 (Began on April 1, 2026) Guidance of $115 to $120 Million of Revenue — Approximately 75% to 83% Growth — and $10 to $20 Million of Adjusted EBITDA, with Technology Platforms Expected to Represent More Than 50% of Total RevenueLOS ANGELES, June 26, 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 fourth quarter ("Q4 FY 2026") and full year ended March 31, 2026 ("FY 2026"): Fourth Quarter 2026 Highlights(All comparisons are to the prior year fiscal quarter ended March 31, 2025, or "Q4 FY 2025")Total revenue increased 67% to $26.0 million from $15.6 million in Q4 FY 2025, driven by $11.6 million in advertising technology and media services revenue resulting from the acquisitions of Giant Worldwide ("Giant") and IndiCue, Inc. ("IndiCue") (together, the "Acquisitions") in their first partial quarter, alongside continued solid performance across the Company's base streaming, technology, and content businesses, highlighted by the more than 50% growth in both streaming viewers and minutes streamed compared to Q4 FY 2025. The Acquisitions closed on January 7, 2026 and February 12, 2026, respectively, leading to the recognition of the partial results during the quarter. Our next reported quarter will recognize full quarterly results for both the acquired entities.Net income attributable to common stockholders of $1.1 million, or $0.05 per share, compared to $0.8 million, or $0.04 per share, in Q4 FY 2025, including a $4.3 million non-cash bargain purchase gain from the Giant acquisition and a $2.9 million income tax benefit primarily related to the IndiCue acquisition. Total net income was $1.3 million, a 49% increase versus the prior year period.Adjusted EBITDA of $0.1 million(1), compared to $4.0 million in Q4 FY 2025, reflecting deliberate investment in M&A execution, acquisition integration and marketing during the quarter — costs the Company expects to substantially reduce as acquisition integration is completed;Direct operating margin of 40% compared to 55% in Q4 FY 2025, reflecting the integration of the Acquisitions and partially indicative of the go-forward margin profile of the combined, more diversified business;Closed two strategic acquisitions in a single quarter: connected TV monetization platform IndiCue and media services provider Giant Worldwide, now a Matchpoint™ company, vertically expanding Cineverse into advertising technology and media services;Completed approximately $2.0 million in annualized SG&A cost reductions by March 2026, the first step in the Company's previously announced $7.5 million cost reduction program, with the vast majority of the remaining $5.5 million expected to be realized by the end of the second quarter of fiscal 2027.(1) Reconciliation of this non-GAAP performance measure is provided in the tables below.(2) Calculated by the following formula (Revenue – Direct Operating Costs) / Revenue.Full-Year 2026 Highlights(All comparisons are to the prior fiscal year ended March 31, 2025, or "FY 2025")Full-year revenue of $65.7 million compared to $78.2 million in FY 2025, a 16% decrease primarily reflecting the exceptional prior-year theatrical and ancillary contribution of Terrifier 3, the most successful unrated film release of all time, partially offset by $11.6 million of revenue contribution from the Acquisitions;Direct operating costs decreased $8.1 million, primarily due to lower royalty expenses associated with the decline in Terrifier 3 revenues;SG&A expenses increased $15.6 million, or 56%, primarily due to higher marketing costs associated with an expanded theatrical release slate, as well as M&A, acquisition integration and compensation costs related to the Acquisitions;Net loss attributable to common stockholders of $(9.2) million, or $(0.49) per diluted share, compared to net income of $3.2 million, or $0.16 per diluted share, in FY 2025;Adjusted EBITDA of $(3.4) million compared to $13.9 million in FY 2025, reflecting the difficult Terrifier 3 comparison and acquisition-related investment that positions the Company for substantial growth in fiscal 2027.Fiscal 2026 was a transformative year for Cineverse. In a single quarter, the Company completed two strategic acquisitions — Giant Worldwide in January 2026 and IndiCue in February 2026 — that together vertically expand Cineverse into AI-driven advertising technology and media services, further diversify the Company's revenue base beyond entertainment content and streaming performance, and add significant new durable, recurring revenue streams. The Acquisitions contributed $11.6 million of revenue in their first partial quarter and are the foundation of the Company's reaffirmed fiscal 2027 guidance of $115 to $120 million of revenue and $10 to $20 million of Adjusted EBITDA — representing approximately 75% to 83% revenue growth over fiscal 2026.(3)(3) 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 a non-GAAP measure without unreasonable effort. Material changes to such adjustments, including warrant liability and non-core operating items, could affect future GAAP results.Net income for the quarter benefited from a $4.3 million one-time, non-cash bargain purchase gain on the Giant acquisition, as detailed in the Adjusted EBITDA reconciliation below, as well as income tax benefits primarily driven by the IndiCue acquisition. While the bargain purchase gain is non-cash and non-recurring, it is strongly indicative of the quality of the deal price and the value creation opportunity the Company is beginning to realize from Giant.Fiscal 2027 Outlook and Cost Reduction TrajectoryThe Company reaffirms the fiscal 2027 guidance first issued in February 2026 in connection with the Acquisitions: revenue of $115 to $120 million and Adjusted EBITDA of $10 to $20 million. Key components of this outlook, each consistent with the Company's prior public disclosures, include:Acquisition contribution: the Acquisitions are expected to contribute more than $50 million of revenue in fiscal 2027. A significant portion of these revenues are recurring in nature and derived from ongoing service relationships with major Hollywood studio and streaming platform clients;Majority technology revenue: technology platforms are expected to represent more than 50% of total fiscal 2027 revenue, completing Cineverse's transition to a business led by scalable, recurring infrastructure economics;$7.5 million SG&A cost reduction program: guidance incorporates the Company's previously announced $7.5 million cost reduction program. Approximately $2.0 million in reductions were already completed by March 2026, and the Company remains on track to realize the vast majority of the remaining $5.5 million by the end of the second quarter of fiscal 2027 (September 30, 2026), driven in large part by finalizing integration of the Acquisitions, further leveraging Cineverse Services India, and further implementation of AI technology;Giant Worldwide integration synergies: within the first year of ownership, the Company anticipates approximately $2.5 million of additional annualized cost synergies from the integration of Giant's services into the Matchpoint™ platform — bringing total identified annualized cost reductions and synergies to approximately $10 million;Revenue synergy upside: revenue synergies will be generated by cross-selling across Matchpoint™, IndiCue and Giant's combined client base — including shortened sales cycles and expanded service offerings to existing studio and streaming platform relationships — representing potential upside not fully reflected in current guidance.Management CommentaryChris McGurk, Cineverse Chairman and CEO, stated: "We feel that Fiscal 2026 was one of the most consequential years in Cineverse's history. Following the unprecedented success of Terrifier 3, the biggest unrated film release in history, we moved quickly and decisively to convert that momentum into a structurally stronger and even higher growth company — completing the acquisitions of Giant Worldwide and IndiCue in a single quarter. These deals fundamentally change what Cineverse is as a company. We are now a technology-first, AI-driven, fully integrated entertainment company with three powerful and mutually reinforcing engines — a proven, low-risk, high potential return wide release film slate strategy; a scaled streaming and podcast portfolio; and now a vertically integrated advertising technology and media services business built around our Matchpoint™ platform. The positive financial impact of this has been immediate, with the Acquisitions contributing $11.6 million of revenue in their first partial quarter and driving 67% total revenue growth. We fully expect the financial contribution from the Acquisitions to be even more significant in our next reported quarter based on strong preliminary results recorded to date.""The strategic logic of these two transactions cannot be overstated. IndiCue brings a connected TV monetization platform serving more than 40 live clients, with an additional 75 publishers onboarding to the table. Giant Worldwide, now a Matchpoint™ company, brings deep and long-standing studio relationships directly into our automated media services ecosystem. Combined, all of this creates a powerful flywheel: Matchpoint's automated content supply chain feeds IndiCue's monetization engine, and IndiCue's advertiser demand increases the value of every channel, film and TV title and partner we serve. That flywheel — not any single film or streaming channel or distribution agreement — is the growth and performance engine behind our fiscal 2027 guidance of $115 to $120 million in revenue and $10 to $20 million of Adjusted EBITDA, which we are reaffirming today.""At the same time, our franchise film strategy continues to perform exactly as designed — high upside with minimal financial risk. Our upcoming slate includes the 20th anniversary theatrical re-release of Guillermo del Toro's Oscar-winning masterpiece Pan's Labyrinth, presented for the first time in 4K and 3D formats, in October 2026, the nationwide theatrical relaunch of the beloved Air Bud family franchise in January 2027, and the latest installment of the Wolf Creek horror franchise in March 2027. Each of these films follows the Terrifier 2 and 3 blueprint of acquiring well known IP properties with avid built-in fan bases that have high upside potential and minimal financial risk to the Company and will generate long term recurring revenues by driving viewers and subscribers to our streaming channels, and becoming valuable long term additions to our library. With the integration of our Acquisitions on track, approximately $10 million of identified annualized cost reductions and synergies — including the $2 million in SG&A reductions we completed in January — and a clear line of sight to our guidance, we believe fiscal 2027 will demonstrate the full scale, trajectory, upside potential and earnings power of the new Cineverse."Erick Opeka, Cineverse President and Chief Strategy Officer, stated: "This quarter marks the completion of Cineverse's evolution into a platform-first entertainment company. The Giant and IndiCue acquisitions 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 — and we are already compounding those advantages. Subsequent to quarter-end, we unveiled Matchpoint Hex™, an AI-powered 'Human Experience' metadata layer built on the acquired IndiCue technology, launched Gorilla Comedy+ powered by Matchpoint, and expanded distribution with new Roku SVOD channels. Our SCREAMBOX horror service grew subscribers 18% year-over-year, demonstrating the durability of our fandom-channel strategy.""At the same time, we are maintaining the cost discipline we committed to last quarter. We completed approximately $2 million in SG&A cost reductions by March 2026 and remain on track to realize the vast majority of the remaining $5.5 million of our $7.5 million cost reduction program by the end of the second quarter of fiscal 2027, while also capturing approximately $2.5 million in annualized synergies from integrating Giant into Matchpoint™. Looking ahead, we are focused on becoming a unique, truly AI-native entertainment studio, with AI playing a critical role not just in distribution and monetization and cost control, but in development and production as well."Fourth Quarter ResultsRevenues in Q4 FY 2026 increased $10.4 million, or 67%, to $26.0 million from $15.6 million in Q4 FY 2025. The growth was primarily driven by $11.6 million in advertising technology and media services revenue, contributed by the Acquisitions in their first partial quarter with the Company. The Acquisitions were finalized on January 7, 2026 and February 12, 2026, respectively, leading to the recognition of partial results during the quarter. Our next reported quarter will recognize full results for the acquired entities.Direct operating margin for the quarter was 40%, compared to 55% in the prior year quarter, in part attributable to the effect of the integration of the Acquisitions and partially reflective of the go-forward margin profile of the combined, more diversified business.SG&A expenses increased $6.9 million, or 127%, primarily due to a $2.2 million increase in marketing spend supporting the Company's expanded theatrical slate, $1.0 million in M&A and acquisition integration costs, and $0.6 million of stock-based compensation. The Company has already completed approximately $2.0 million of the $7.5 million in targeted annualized SG&A cost reductions announced last quarter, and expects to realize the vast majority of the remaining $5.5 million by the end of the second quarter of fiscal 2027 as it completes the integration of the Acquisitions and further leverages Cineverse Services India.Net income attributable to common stockholders was $1.1 million, or $0.05 per diluted share, compared to $0.8 million, or $0.04 per diluted share, in Q4 FY 2025. Net income benefited from the $4.3 million bargain purchase gain on the Giant acquisition and a $2.9 million income tax benefit, primarily stemming from the IndiCue acquisition.Adjusted EBITDA was $0.1 million compared to $4.0 million in Q4 FY 2025, primarily due to the SG&A increases related to M&A, integration and marketing costs noted above.Full-Year ResultsFY 2026 consolidated revenue was $65.7 million compared to $78.2 million in FY 2025, a 16% decrease primarily driven by the comparison to the significant prior-year theatrical and ancillary revenues generated by Terrifier 3. This decline was partially offset by the $11.6 million revenue contribution from the Acquisitions in Q4 FY 2026. Correspondingly, direct operating costs decreased $8.1 million, primarily due to lower royalty expenses.SG&A expenses increased $15.6 million, or 56%, compared to FY 2025, primarily due to higher marketing costs associated with a greater number of theatrical releases, as well as higher M&A, acquisition integration and compensation costs related to the Acquisitions.Net loss attributable to common stockholders was $(9.2) million, or $(0.49) per diluted share, compared to net income of $3.2 million, or $0.16 per diluted share, in FY 2025. Adjusted EBITDA was $(3.4) million compared to $13.9 million in FY 2025.Financial Condition OverviewCash and cash equivalents of $3.4 million as of March 31, 2026;The Company maintains its $12.5 million line of credit facility (expandable to $15.0 million) with East West Bank with a term through April 8, 2028, with $9.4 million drawn as of March 31, 2026;The Company's working capital deficit of $(12.2) million as of March 31, 2026 includes the IndiCue acquisition's current deferred consideration liability of $12.2 million which can be settled in equity; excluding this equity-settleable deferred consideration, the Company ended the year with positive working capital;The Company's digital content library, comprised of more than 66,000 titles, was independently valued at approximately $45 million as of March 31, 2025, well above its $5.1 million book value as of March 31, 2026.Operational Developments During the QuarterAnnounced the acquisition of Giant Worldwide (now a Matchpoint™ company) and the integration of its services into the Matchpoint™ platform — bringing deep studio relationships into the Company's automated media services ecosystem — along with a new leadership team for Giant;Ended the quarter with streaming viewers up 66% to 129.6 million, and total minutes streamed rose 58% to 4.4 billion for the quarter, along with 1.52 million SVOD subscribers, up 13%, each compared to Q4 FY 2025. Announced the acquisition of connected TV monetization platform IndiCue, which serves more than 40 live clients with an additional 75 publishers onboarding;Announced that streaming rights to the film The Toxic Avenger have been acquired by Hulu; after this exclusivity window ends on July 31, 2026, fans will be able to watch the film on other SVOD and FAST streamers, including Cineverse's flagship horror channel, SCREAMBOX;Cineverse and its Bloody Disgusting unit unveiled the new programming slate for the SCREAMBOX horror streamer, highlighting the return of Bloody Bites (season 16) and exclusive titles (including The Toxic Avenger), amid an 18% year-over-year increase in SCREAMBOX subscribers;Cineverse and Air Bud Entertainment announced that Air Bud Returns will be released theatrically nationwide on January 22, 2027, relaunching the classic Air Bud family franchise on the big screen;Expanded Cineverse's technology offerings through a partnership between Matchpoint™ and Revry, enabling automated content management and delivery of thousands of assets across hundreds of distribution platforms;Announced a strategic partnership with VA Media to grow and monetize Cineverse's lineup of YouTube channels, beginning with the Dog Whisperer with Cesar Millan channel, and expanding viewership and advertising revenue across Cineverse's digital brands;Launched Matchpoint™ Creative Labs, a new in-house creative agency unit using generative AI to produce motion-first advertising, on-air promotions and branding for connected TV and FAST channels;Announced the start of production for the next installment of the Wolf Creek horror franchise — the first two films in the Australian slasher series grossed more than $35 million globally at theaters.Operational Developments Subsequent to Quarter-EndUnveiled Matchpoint Hex™, an AI-powered "Human Experience" metadata layer for film and TV; Hex integrates the acquired IndiCue technology, sits atop Cineverse's Matchpoint platform, and uses a proprietary taxonomy on a dataset of more than 2 million titles;Announced that Silent Night, Deadly Night (Certified Fresh on Rotten Tomatoes) will stream exclusively on SCREAMBOX starting April 28, 2026;Announced the 20th anniversary wide theatrical re-release of Pan's Labyrinth in partnership with Fathom Entertainment on October 9, following the celebration of the film's first 4K/3D presentation at Cannes Classics (May 12, 2026) with Guillermo del Toro in attendance; the film is Oscar-winning and "Certified Fresh" (95% Rotten Tomatoes score);800 Pound Gorilla, a comedy distributor, launched Gorilla Comedy+, a premium, ad-free streaming service powered by Cineverse's Matchpoint platform; the service (launched May 5, 2026) features more than 250 comedy specials, and Gorilla's network (3.1 million social followers) reaches over 20 million comedy fans monthly;Launched two new Roku SVOD channels — "So … Real"and the flagship "Cineverse" channel — via Roku's Premium Subscriptions in the U.S., expanding Cineverse's content distribution through Roku;Announced that Sean McCabe is joining as Chief Financial Officer, returning to the Company where he served as Vice President and Corporate Controller in 2023 and 2024; he rejoins Cineverse from Freestar, a major player in the ad-tech space.Conference CallCineverse will host a conference call at 8:30 a.m. ET (Friday, June 26, 2026), during which management will discuss the results of the fiscal fourth quarter and year ended March 31, 2026. To participate in the conference call, please use the following dial-in numbers:North America (Toll-Free): +1 833 439 1904
North America (Local): +1 206 407 3444
Meeting ID: 778 325 053
Access Code: 313318The conference call can also be accessed by webcast at the Investors section of the Company's website at https://events.q4inc.com/attendee/778325053. Those who are unable to attend the live conference call may access the recording at the above webcast link, which will be made available shortly after the conclusion of the call.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 66,000 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.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.com CINEVERSE CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
As of March 31,
2026
2025
ASSETS
Current Assets
Cash and cash equivalents
$3,387
$13,941
Accounts receivable, net
38,604
15,752
Content advances
7,507
6,736
Other current assets
1,280
1,652
Total Current Assets
50,778
38,081
Property and equipment, net
3,906
2,876
Intangible assets, net
44,114
18,168
Goodwill
21,218
6,799
Content advances, net of current portion
8,215
4,053
Other long-term assets, net
2,050
2,539
Total Assets
$130,281
$72,516
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued expenses
$39,351
$31,109
Line of credit, net
9,435
-
Deferred consideration
13,800
2,956
Current portion of operating lease liabilities
298
187
Deferred revenue
125
183
Total Current Liabilities
63,009
34,435
Operating lease liabilities, net of current portion
105
275
Convertible notes payable, net
12,545
—
Earnout consideration
11,250
—
Other long-term liabilities
—
14
Total Liabilities
86,909
34,724
Stockholders' Equity
Preferred stock
3,559
3,559
Common stock
199
194
Additional paid-in capital
564,105
548,405
Treasury stock, at cost
(13,158)
(12,193)
Accumulated deficit
(510,099)
(500,908)
Accumulated other comprehensive loss
(282)
(305)
Total stockholders' equity of Cineverse Corp.
44,324
38,752
Deficit attributable to noncontrolling interest
(952)
(960)
Total equity
43,372
37,792
Total Liabilities and Equity
$130,281
$72,516
CINEVERSE CORP.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except for per share data)(Unaudited)
For the Three Months
Ended
March 31,
For the Fiscal Year
Ended
March 31,
2026
2025
2026
2025Revenues
$25,971
$15,575
$65,733
$78,181Operating expenses
Direct operating
15,589
7,038
30,659
38,776Selling, general and administrative
12,259
5,396
43,308
27,684Change in fair value of acquisition-related deferred
consideration
950
—
950
—Depreciation and amortization
2,561
1,014
5,972
3,797Total operating expenses
31,359
13,448
80,889
70,257Operating (loss) income
(5,388)
2,127
(15,156)
7,924Interest expense
(393)
(1,255)
(457)
(4,365)Gain on bargain purchase
4,250
—
4,250
—Other (expense) income, net
(86)
73
(137)
311Net (loss) income before income taxes
(1,617)
945
(11,500)
3,870Income tax benefit (expense)
2,896
(87)
2,843
(106)Net income (loss)
1,279
858
(8,657)
3,764Net income attributable to noncontrolling interest
(41)
(7)
(178)
(162)Net income (loss) attributable to controlling interests
1,238
851
(8,835)
3,602Preferred stock dividends
(89)
(90)
(356)
(356)Net income (loss) attributable to common stockholders
$1,149
$761
$(9,191)
$3,246Net income (loss) per share attributable to common stockholders:
Basic
$0.06
$0.04
$(0.49)
$0.18 Diluted
$0.05
$0.04
$(0.49)
$0.16Weighted average shares of common stock outstanding:
Basic
20,476
15,958
18,777
15,814 Diluted
24,438
18,518
18,777
17,818 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):
For the Three Months Ended
March 31,
For the Fiscal Year Ended
March 31,
2026
2025
2026
2025
Net income (loss)
$1,279
$858
$(8,657)
$3,764
Add Backs:
Income tax (expense) benefit
(2,896)
87
(2,843)
106
Depreciation and amortization
2,690
1,355
6,355
4,138
Interest expense
393
1,255
457
4,365
Gain on bargain purchase
(4,250)
—
(4,250)
—
Change in fair value of acquisition-related deferred
consideration
950
—
950
—
Stock-based compensation
1,046
462
2,987
1,925
Other expense (income), net
86
(39)
137
(311)
Net loss attributable to noncontrolling interest
(41)
(7)
(178)
(162)
Acquisition-related costs
820
—
1,423
—
Employee severance costs
—
65
214
92
Adjusted EBITDA
$77
$4,036
$(3,405)
$13,917
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-reports-fourth-quarter-and-fiscal-year-2026-results-302811469.htmlSOURCE Cineverse Corp. Original: Cineverse Reports Fourth Quarter and Fiscal Year 2026 Results
US Market News
2月前
800 Pound Gorilla Launches Gorilla Comedy+ Streaming Service with CineverseApril 21, 2026 4:18 PM
PR Newswire (US)
Launching May 5, Gorilla Comedy+ Will Feature New Stand-Up Specials From Patton Oswalt, Pete Holmes, Jourdain Fisher, Emmy Blotnick, Nish Kumar and the Entire 800 Pound Gorilla CatalogNASHVILLE, Tenn., April 21, 2026 /PRNewswire/ -- To further its mission to deliver comedy globally, Nashville powerhouse 800 Pound Gorilla, partnering with Cineverse (Nasdaq: CNVS), announced today the May 5 launch of Gorilla Comedy+, a premium, ad-free streaming service built for comedians and their fans. The platform will feature exclusive new specials alongside the full 800 Pound Gorilla catalog, over 250 titles, giving a global audience easy access to stand-up comedy anytime, anywhere.
"Gorilla Comedy+ is about giving fans the ultimate stand-up experience while providing comedians with a platform that values their work," said Ryan Bitzer, Co-Founder of 800 Pound Gorilla Media. "We designed it to complement existing partnerships and to make it easier for fans to discover and enjoy the comedians they love."At launch, subscribers will have first access to Patton Oswalt's latest special, Tea and Scotch, along with exclusive specials from Sal Vulcano, Emmy Blotnick, Pete Holmes, Jourdain Fisher, UK Comedian Nish Kumar, and more."We're building Gorilla Comedy+ as a place where the comedy world can come together, which hasn't existed until now," said Damion Greiman, Co-Founder of 800 Pound Gorilla Media. "After 10 years in the middle with a lot of comics, it's about helping them get to fans and keep building specials, series, movies and beyond."800 Pound Gorilla is partnering with Cineverse (Nasdaq: CNVS), an innovative entertainment technology company and studio, to power its new streaming service Gorilla Comedy+ using Cineverse's proprietary Matchpoint® platform. Through this collaboration, Gorilla Comedy+ will leverage Matchpoint®, an automated suite of products designed to simplify and optimize the streaming video supply chain, utilizing Blueprint to build apps across multiple platforms and Dispatch for content onboarding, management, and delivery.Ian Adkins, Head of Innovation and Co-Founder, adds "Cineverse and OTT Studio's forward thinking approach made them the ideal partners to bring this service to life. Great comedy deserves innovative technology, and we're excited to be building Gorilla Comedy+ together."A curated library, comedian spotlights, and global reach, Gorilla Comedy+ positions 800 Pound Gorilla at the forefront of the digital comedy landscape, delivering more laughs for fans and more opportunities for the comedians who make them. Be on the lookout for specials from Ian Bagg, Whitney Cummings, David Cross, Matt Rife, Kyle Kinane, and Anjelah Johnson-Reyes.With a combined 3.1M followers, The 800 Pound Gorilla network reaches over 20 million comedy fans a month. The company is laying the foundation for a multi-format comedy home where stand-up is just the beginning. As the platform expands into scripted, unscripted, and documentary content, 800 Pound Gorilla's goal is to tell comedy stories in all of their forms, partnering with comics to help create what's next, with a comedy-first approach to the artist and fan in all they do.Founded in 2016, 800 Pound Gorilla Media is one of the world's leading comedy media companies specializing in the production, distribution, and marketing of stand-up comedy specials. The company has produced or distributed acclaimed projects like YouTube hits Mark Normand's Out To Lunch and Matt Rife's Only Fans, as well as specials for major streamers, including Leanne Morgan's I'm Every Woman on Netflix and Sean Patton's Number One on Peacock. Distribution partners include industry giants Kevin Hart's Laugh Out Loud Network, Bill Burr & Al Madrigal's All Things Comedy, as well as Comedy Central. Committed to delivering the best in comedy to a global audience, 800 Pound Gorilla Media leverages innovation and transparency to enhance the human experience through shared laughter. Headquartered in Nashville with team members worldwide and an international division in London, the company invites comedy lovers to connect on 800poundgorillamedia.com, YouTube, Facebook, Instagram, TikTok, and Snapchat.Cineverse (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.CONTACTSCineverse
For Media, The Lippin Group for Cineverse
cineverse@lippingroup.comFor Investors, Julie Milstead
investorrelations@cineverse.com800 Pound Gorilla
Jeff Kilgour, The Syndicate
jeff@thesyn.comAllie Gruensfelder, The Syndicate
allie@thesyn.comCassidy Berstler, The Syndicate
cassidy@thesyn.comConnect with 800 Pound Gorilla on socials:
Website | Instagram | Facebook | X | YouTube
View original content to download multimedia:https://www.prnewswire.com/news-releases/800-pound-gorilla-launches-gorilla-comedy-streaming-service-with-cineverse-302749319.htmlSOURCE Cineverse Corp.
Original: 800 Pound Gorilla Launches Gorilla Comedy+ Streaming Service with Cineverse
US Market News
2月前
Cineverse Announces Matchpoint Hex™ - the Entertainment Industry's First System to Classify the Human Experience Power Next-Generation Search & Discovery, Content Programming and Contextual AdvertisingApril 20, 2026 9:35 AM
PR Newswire (US)
Hex Serves as an Advanced Intelligence Layer to Power the Entire Matchpoint Technology Platform including the Recently Acquired IndiCue, Leverage Proprietary Metadata, and Serve as the Foundation for an Expansive Framework for Agentic AILOS ANGELES and LAS VEGAS, April 20, 2026 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, today unveiled Matchpoint Hex™, a groundbreaking advanced intelligence layer for film and television that encapsulates the full Human Experience. Hex transforms how media content is classified, discovered and monetized. This was announced today at the NAB Show in Las Vegas.
Leveraging the company's extensive proprietary dataset Hex Origin™ (formerly known as cineCore), Hex sits above Cineverse's entire Matchpoint® digital supply chain platform. It combines the full portfolio of Cineverse Technology Group's product offerings – including the recently acquired IndiCue – to create a foundation upon which the company will build an expansive, unified agentic AI framework.Hex is poised to power the next generation of media discovery, automated content programming, and emotion & sentiment aware contextual advertising.It untaps these capabilities by establishing an advanced category of metadata for film and television that can be accessed via the Hex Origin MCP server.Using a proprietary taxonomy called the Human Experience Classification System (HECS), Hex organizes the full spectrum of human experience into a structured hierarchy of emotions, feelings, moods, and vibes -- encoding the emotional composition of movies and television into a highly structured, machine-readable format.This creates a unique computational language that establishes the critical foundation required for agentic AI.By transforming unstructured contextual metadata into a computable intelligence layer, Hex allows media platforms, streaming services and advertisers to understand content in terms of "how it feels" -- not simply what it is about."Initially developed as a key component of our award-winning Search & Discovery tool, cineSearch, this emotional intelligence layer is now being applied across all of our technology offerings," said Cineverse President of Technology & Chief Product Officer Tony Huidor. "Hex effectively unlocks entirely new agentic AI-based capabilities for the entertainment industry, including emotionally aware content discovery, contextual advertising alignment, AI-driven programming, and more. These advanced capabilities position Matchpoint several years ahead of our competitors."Matchpoint Hex – Unifies Matchpoint's Technologies for a Competitive AdvantageThis new technology will be integrated seamlessly across the entire Matchpoint® platform, Cineverse's cloud-native digital supply chain used by studios, streaming services, distributors and FAST channel operators. With Hex, Cineverse's entire technology portfolio – from Matchpoint Dispatch, Blueprint, Insights and IndiCue, to the C360 ad tech platform, to cineSearch and its underlying set of behavioral metadata – can now be unified on a foundational level through agent-to-agent communication (A2A). As the streaming ecosystem continues to expand, the ability to organize and understand massive content libraries has become one of the industry's most critical infrastructure challenges. Hex represents a significant competitive advantage for the Matchpoint platform. Because the system leverages a proprietary taxonomy, large-scale contextual metadata ingestion, classification pipelines and vector intelligence infrastructure, the resulting dataset unlocks increasing value as more titles are processed through the system.Over time, this creates a powerful data network effect that strengthens Matchpoint's role as a core infrastructure provider to studios, distributors and streaming platforms. By embedding this capability directly into the entire Matchpoint product suite, Cineverse positions itself at the center of the emerging AI-powered media infrastructure stack."Hex represents a generational leap in how film and television content can be understood by machines – and creates a highly defensible, proprietary technology moat. For decades, the entertainment industry has relied on inadequate legacy metadata systems which describe content by genre, cast or plot that can't provide insights into the emotional composition of film and television content. By structuring the full spectrum of human emotion into a computable framework, we're creating a powerful long-term advantage for Matchpoint," said Huidor. "As our proprietary emotional metadata graph grows, it becomes increasingly difficult to replicate. This positions Matchpoint with a clear lead not just as an automated media delivery platform, but as the core intelligence platform for Hollywood's rapidly evolving streaming era."For more information, please visit https://matchpoint.tv/hex.About Matchpoint®Matchpoint® is an award-winning, AI-powered, automated media supply chain that transforms how media and entertainment companies manage and deliver streaming video assets. It was developed to address the challenges facing studios and content owners due to rising costs, complexity, and scale, by replacing manual, labor-intensive workflows with an intelligent, end-to-end system that works across hundreds of global FAST, AVOD, SVOD and CTV platforms via the product suite – Dispatch (content onboarding and delivery), Blueprint (app building), and Insights (analytics) – which provides real-time control, transparency, scalability, and operational efficiency. With the recent additions of Giant Worldwide and IndiCue, Matchpoint uniquely combines automation, enterprise-level execution, and advertising technology – going beyond traditional infrastructure to provide enhanced monetization, real-time content optimization, and high-volume distribution.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; Hex Origin™, 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 Cineverse Cineverse (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.Contacts
For Media, The Lippin Group for Cineverse
cineverse@lippingroup.comFor Investors, Julie Milstead
investorrelations@cineverse.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-announces-matchpoint-hex--the-entertainment-industrys-first-system-to-classify-the-human-experience-power-next-generation-search--discovery-content-programming-and-contextual-advertising-302747275.htmlSOURCE Cineverse Corp.
Original: Cineverse Announces Matchpoint Hex™ - the Entertainment Industry's First System to Classify the Human Experience Power Next-Generation Search & Discovery, Content Programming and Contextual Advertising
US Market News
3月前
Guillermo del Toro's masterpiece Pan's Labyrinth Returns in 3D for 20th Anniversary from Cineverse and Fathom Entertainment on October 9April 9, 2026 2:00 PM
PR Newswire (US)
Oscar® Winning Phenom Guillermo del Toro's Pan Labyrinth 20th Anniversary Will Return to the Big Screen both in 3D and 4K for the First TimeAlso Presented in 2D HDR VersionLOS ANGELES and DENVER, April 9, 2026 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, has announced that Fathom Entertainment, the leading specialty distributor of content to theatrical partners worldwide, will be the theatrical distribution partner for the re-release of Guillermo del Toro's master creation, Pan's Labyrinth. Guillermo del Toro's Pan Labyrinth 20th Anniversary will be released in theaters nationwide on October 9, 2026. The announcement was made ahead of CinemaCon, at which Cineverse will promote this and other upcoming 2026 titles.
Guillermo del Toro's Pan Labyrinth 20th Anniversary will be presented theatrically for the first time by Cineverse and Fathom in 4K, and with versions available in both 3D and HDR by Barco - the dedicated HDR viewing solution offering up to 6 times higher peak luminance. Each version for this re-release has been overseen by Guillermo del Toro."Fathom's incredible success distributing special engagement releases around major anniversaries makes it the ideal partner as we bring existing and new fans back into the masterpiece from the creative mind of Guillermo del Toro," said Cineverse Chief Motion Pictures Officer Yolanda Macias.Ray Nutt, Chief Executive Officer for Fathom Entertainment commented, "Guillermo del Toro's Pan's Labyrinth is a modern-day cinematic masterpiece wonderfully suited for audiences to rediscover on the big screen. Even better, thanks to our partners at Cineverse and in celebration of its 20th anniversary, we are presenting Pan's Labyrinth with premium large format (PLF) viewing options – including 3D - for the ultimate, must-see cinematic experience.""Everyone at our company is incredibly proud of our role in bringing this classic into stereoscopic 3D," said Vincent Defebo, SVP of Development & Operations at SDFX Studios, which created the immersive visual effects for the release. "Collaborating with Guillermo del Toro on Pan's Labyrinth has been a dream come true for our entire team."About Pan's LabyrinthPan's Labyrinth takes place in 1944, in the aftermath of the Spanish Civil War. Young Ofelia and her pregnant mother have been brought to live in the countryside, where her brutal stepfather Captain Vidal's job is to wipe out the remaining rebels camped in the local forest. Nearby, in a hidden labyrinth, Ofelia meets an ageless Faun, who tells her that she is really a princess from an enchanted world. He gives her three tasks which she must complete in order to reclaim her rightful place. As her mother's failing health threatens the life of her unborn child, Ofelia undertakes a quest to complete the Faun's tasks. Written and directed by del Toro, and produced by his company, Tequila Gang, the film stars Ivana Baquero, Maribel Verdu (Y tu mama tambien), Doug Jones (Hellboy II), and Sergi Lopez (Dirty Pretty Things).The film was nominated in six categories at the 79th Academy Awards® (2007) and took home three Oscar® wins – in the Best Achievement in Cinematography, Best Achievement in Art Direction and Best Achievement in Makeup categories. Across all awards, the film has received 106 wins from 115 nominations. It also earned critical acclaim, including top film of 2006 by the legendary Roger Ebert, and was Certified Fresh by Rotten Tomatoes with a 95% Tomatometer score.Tickets for Guillermo Del Toro's Pan Labyrinth 20th Anniversary will be available online on September 9 and at participating theatre box offices (theatre locations are subject to change). For more information and to be among the first notified when tickets go on sale, please visit Fathom Entertainment.About Cineverse Motion Pictures GroupCineverse super-serves passionate audiences by distributing content across all windows and platforms, from theatrical to digital to physical. Following the breakout box office success of Terrifier 3, recent theatrical releases include the franchise returns of The Toxic Avenger, Silent Night, Deadly Night, and Return to Silent Hill. Also on Cineverse's upcoming slate is the 20th anniversary release of Guillermo del Toro's masterpiece Pan's Labyrinth, Wolf Creek: Legacy and the company's first theatrical family feature, Air Bud Returns.About Cineverse Cineverse (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. About Fathom EntertainmentFathom Entertainment is the leading global specialty distributor of content to movie theatres. For more than 20 years, Fathom Entertainment has pioneered theatrical distribution of events and special engagements across various genres and formats, including feature films, episodic content, documentaries, concerts, and live events. Fathom consistently ranks among the top 10 theatrical distributors in North America and distributes content to cinemas worldwide. Fathom Entertainment is owned by AMC Entertainment Inc., Cinemark Holdings, Inc., and Regal Cineworld Group. For more information, visit FathomEntertainment.com.About SDFX StudiosSDFX Studios (formerly Stereo D) is a leader in 3D Immersive Visual Effects, delivering top-tier stereoscopic 3D for major films, streaming, and TV. With studios in Los Angeles, Toronto, and Pune, we set the industry standard for depth, detail, and realism.Trusted by major studios including Marvel, Paramount, and Universal/DreamWorks Animation, we are the go-to partner for both primary 3D Immersive VFX and VFX services. In collaborating with top VFX vendors, we help to provide scalable solutions to enhance visual storytelling.Media Contacts:
The Lippin Group for CineverseEric Becker for Fathom Entertainmentcineverse@lippingroup.comebecker@fathomentertainment.com
Cineverse
Cineverse@42west.com
Investor Contact:
Julie Milstead
investorrelations@cineverse.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/guillermo-del-toros-masterpiece-pans-labyrinth-returns-in-3d-for-20th-anniversary-from-cineverse-and-fathom-entertainment-on-october-9-302738326.htmlSOURCE Cineverse Corp.
Original: Guillermo del Toro's masterpiece Pan's Labyrinth Returns in 3D for 20th Anniversary from Cineverse and Fathom Entertainment on October 9
US Market News
3月前
Cineverse to Launch New Streaming Channel Featuring Jay Mohr and WITZ Podcast Network's Mohr StoriesMarch 27, 2026 9:00 AM
PR Newswire (US)
A FAST Channel Exclusive via LG Channels, to be Available on LG TVs in the U.S. and CanadaNew Weekly Episodes to be Featured Alongside More than 100 Hours of Library Content Among the Emmy-Nominated Comedian's Celebrity Guests Include Ron Funches, Jay Leno, Joe Mantegna, Patton Oswalt, Kevin Pollak, Andy Richter, George Wallace, Flavor Flav, Michael Eric Dyson, Seth Rollins, Gene Simmons, Billy Gibbons, Byron Scott, and Jeanie BussSee the NewFronts Video HereLOS ANGELES and ENGLEWOOD CLIFFS, N.J., March 27, 2026 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, has announced its newest streaming channel: Mohr Stories. Unveiled as part of LG Electronics and LG Ad Solutions' 2026 IAB NewFronts presentation to advertisers, the new channel features Emmy-nominated comedian Jay Mohr (Last Comic Standing, Jerry Maguire, Saturday Night Live) and his popular podcast, with new weekly episodes including interviews with stars of comedy, film, sports, music, and TV.
Mohr Stories will be available as a premium free, ad-supported streaming television (FAST) channel exclusively via LG Channels. It will continue to be available as a podcast through the WITZ Podcast Network, a partnership between Cineverse and The Stand Group, a leading comedy brand and New York's premier comedy club operator.In the show, host Jay Mohr and a rotating cast of his hilarious friends regale you with tales and conversation covering every topic imaginable. The show features interviews with comedians and actors like Ron Funches, Jay Leno, Joe Mantegna, Patton Oswalt, Kevin Pollak, Andy Richter and George Wallace, along with a range of guests from Flavor Flav to academic and author Michael Eric Dyson, multi-time WWE Champion Seth Rollins, Kiss' Gene Simmons, ZZ Top's Billy Gibbons, Lakers legend Byron Scott, and Jeanie Buss. You haven't heard the half of it until you've heard... Mohr Stories."We are beyond pumped to officially join the LG family. To think that Mohr Stories now lives as one of LG's FAST channels 24/7 is incredible—it's like my podcast finally moved into a penthouse with a better view," said Mohr. "A massive thank you to the team at the Witz Podcast Network and Cineverse. They didn't just believe in the show; they went out and found a way to put my face and these stories in front of a massive new audience. We're taking the conversation to the big screen, and I couldn't be more grateful to have such a powerhouse team behind me."Launched in 2012, Mohr Stories continues to be a popular show across audio and video. After adding video on Spotify, it saw 50% month over month growth in consumption hours, and quarter to quarter its downloads were up 34%.In the U.S., over 150 million people listen to podcasts every month — and increasingly, they're not just listening. Nearly 1 in 3 podcast consumers are now watching their podcasts on video platforms.About LG ChannelsLG Channels is LG's exclusive global FAST (Free Ad-supported Streaming TV) service, offering premium, free-to-stream content for every taste. The service provides a wide range of live channels and on-demand content across diverse genres, including entertainment, movies, drama, news, sports, and more. Operating over 4,500 channels in 36 countries across North America, Europe, Latin America, and Asia, LG Channels delivers a premium and optimized viewing experience to users worldwide. The service is easily accessible on webOS-powered devices, including LG Smart TVs, smart monitors, projectors, automotive infotainment systems, and hotel TVs. For more information please visit LG Channels.About LG Ad SolutionsLG Ad Solutions is a global leader in advanced advertising for Connected TV and cross-screen devices, driven to create meaningful connections between brands and their audiences. The company offers advertisers and content creators broad reach and targeted engagement on a platform with more than 215 million LG Smart TVs worldwide.About LG Electronics USALG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a smart life solutions company with annual global revenues of more than $60 billion. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. www.LG.com.About Cineverse Cineverse (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.Contacts:Cineverse
The Lippin Group (press)
cineverse@lippingroup.comJulie Milstead (investors)
investorrelations@cineverse.comLG Electronics USA
Chris De Maria
christopher.demaria@lge.comLaura Barbieri
laura.barbieri@lge.comLG-One
Marisa DeRose
marisa.derose@lg-one.com
LGMSUS@LG-One.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-to-launch-new-streaming-channel-featuring-jay-mohr-and-witz-podcast-networks-mohr-stories-302727253.htmlSOURCE Cineverse Corp.
Original: Cineverse to Launch New Streaming Channel Featuring Jay Mohr and WITZ Podcast Network's Mohr Stories
US Market News
3月前
Cineverse Partners with VA Media to Accelerate Digital Monetization of its Growing Lineup of Fandom-Focused YouTube ChannelsMarch 20, 2026 9:00 AM
PR Newswire (US)
LOS ANGELES, March 20, 2026 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, today announced a strategic partnership with VA Media, a recognized leader in strategy, channel management, and monetization for YouTube and other social networks including Facebook, Snapchat and TikTok.
Under the agreement, VA Media will work closely with Cineverse to deliver a comprehensive, YouTube-first growth strategy spanning both longform and shortform content, channel optimization, and financial modeling. The partnership will focus on building scalable channel architectures, improving discoverability, and unlocking new monetization opportunities across YouTube and adjacent social platforms. This will begin with Cineverse's popular Dog Whisperer with Cesar Millan YouTube channel, which is the company's leading revenue generating channel on the platform. "YouTube has become a core component of the distribution and discovery ecosystem for premium content," said Philip Bellezza, Vice President of Strategic Growth at Cineverse. "VA Media's expertise is already accelerating our growth on this platform and the broader social landscape by scaling audience development, strengthening channel performance, and expanding monetization across our portfolio of fandom-focused streaming brands, beginning with Dog Whisperer."Overall, on YouTube alone, Cineverse owned and/or operated channels account for more than 10 million subscribers and over 200 million video views. These feature content ranging from curated clips to full-length feature films and television episodes, spanning genres with passionate fandoms – from indie film and Asian movies, to romance, K-pop, horror, anime, and more. "Cineverse has built an impressive portfolio of premium content and fandom-driven brands, and we see a significant opportunity to expand their reach across YouTube and the broader social video ecosystem," said Mark Ashbridge, CEO of VA Media. "YouTube has become a critical platform for both audience development and long-term monetization of film and television libraries. By combining Cineverse's content with VA Media's expertise in channel strategy, optimization, and revenue growth, we're focused on building scalable YouTube ecosystems that deepen fan engagement and unlock new monetization opportunities. Beginning with Dog Whisperer, we're excited to partner with the Cineverse team to accelerate growth across their channel portfolio."About VA MEDIAVA Media is a global media company headquartered in Australia and Los Angeles, specializing in AVOD and social video monetization. Home to a global network of genre-based movies, TV and unscripted channels on YouTube, VA Media is a leading entertainment partner for film and television on the platform. Through its independent network of channels reaching more than 21 million subscribers on YouTube and over 300 million monthly views across social platforms, VA Media provides distribution, managed services, and YouTube strategy to leading studios, producers and distributors, connecting their content with highly engaged global audiences. Its flagship YouTube channels include Movie Central, True Crime Central, Horror Central, Family Central, and Documentary Central.About Cineverse Streaming Cineverse owns and/or operates a wide range of premium streaming brands, from free, ad-supported streaming television (FAST) channels to YouTube and other social video channels, to ad-supported video-on-demand (AVOD) and subscription video-on-demand (SVOD) apps. These span fandoms – from single IP channels around pop cultural icons such as Bob Ross, The Dog Whisperer with Cesar Millan, Garfield and Barney, to channels curated for fans of Horror (Screambox, Midnight Pulp), Pan-Asian and Anime (RetroCrush, JoySauce, AsianCrush), Comedy (800 Pound Gorilla), Documentary and Crime (Crime Hunters, Docurama), Independent Film (Fandor), Music (Verse Karaoke), Romance and Rom Coms (Dove Channel), to name a few. About Cineverse Cineverse (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. Media Contact: The Lippin Group for Cineverse
cineverse@lippingroup.com Investor Contact: Julie Milstead
investorrelations@cineverse.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-partners-with-va-media-to-accelerate-digital-monetization-of-its-growing-lineup-of-fandom-focused-youtube-channels-302719415.htmlSOURCE Cineverse Corp.
Original: Cineverse Partners with VA Media to Accelerate Digital Monetization of its Growing Lineup of Fandom-Focused YouTube Channels
US Market News
4月前
Giant Worldwide Supports Oscar-Nominated Films From NEON and A24 With Global Distribution ServicesMarch 12, 2026 9:15 AM
PR Newswire (US)
Part of Cinverse's Matchpoint® media supply chain company handled mastering, QC and digital platform delivery for awards contenders including Sentimental Value, Marty Supreme, The Secret Agent and If I Had Legs I'd Kick YouLOS ANGELES, March 12, 2026 /PRNewswire/ -- Giant Worldwide, a Matchpoint® company, which provides technical solutions for the global media supply chain, supported several of this year's major awards contenders with digital distribution services.
This includes the Oscar-nominated titles Sentimental Value (9 nominations), Marty Supreme (9 nominations), If I Had Legs I'd Kick You (Best Actress nomination for Rose Byrne), and NEON's The Secret Agent (Best Actor nomination for Wagner Maura). Through technical mastering, awards screener preparation, localization, and worldwide platform delivery, Giant helped prepare the films for awards consideration and global digital distribution.Giant has served as NEON's exclusive Quality Control, physical media, and digital delivery partner since the distributor's inception, supporting the company's technical workflows from source QC through U.S. digital distribution and future international releases. The company has also been a trusted A24 vendor for the past five years, providing master QC and distribution services across its current slate.For NEON, Giant supported The Secret Agent and Sentimental Value with 4K master QC, trailer QC, subtitle and caption creation, DVD and Blu-ray authoring, and awards clip preparation, in addition to digital distribution packaging. Giant also created master encodes, in addition to digital platform deliveries.For A24's awards contenders Marty Supreme and If I Had Legs I'd Kick You, Giant provided master QC, encoding, metadata preparation, and digital platform distribution, ensuring each title met technical specifications for global release."These films represent some of the most exciting and ambitious work in independent cinema today," said Meri Hassouni, SVP of Sales at Giant Worldwide. "We're incredibly honored to collaborate with visionary distributors like NEON and A24 and to help bring these remarkable films to audiences around the world."As part of Cineverse's (Nasdaq: CNVS) Matchpoint® technology ecosystem, Giant provides end-to-end technical services that support the modern media supply chain—working with everyone from innovative independent distributors to the largest studios in the industry to bring film and television to audiences worldwide.About Giant WorldwideGiant Worldwide, a Matchpoint® company, is a full-service digital studio with offices in New York City, Los Angeles, and Warsaw, specializing in the preparation, localization, quality control, and delivery of premium digital content to global distribution platforms. Services include digital prep and encoding, master QC—including source QC and S&P compliance and end-to-end delivery for OTT, AVOD, SVOD, and EST platforms — and localization via the creation and conformance of all subtitle languages and closed captions. Trusted by leading studios, distributors, and content owners, Giant Worldwide ensures content is technically flawless, culturally accurate, and delivered on time to meet live dates and critical deadlines. For more information, visit www.giant-worldwide.com.About Matchpoint®Matchpoint® is an award-winning, AI-powered, automated media supply chain that transforms how media and entertainment companies manage and deliver streaming video assets. It was developed to address the challenges facing studios and content owners due to rising costs, complexity, and scale, by replacing manual, labor-intensive workflows with an intelligent, end-to-end system that works across hundreds of global FAST, AVOD, SVOD and CTV platforms via the product suite – Dispatch (content onboarding and delivery), Blueprint (app building), and Insights (analytics) – which provides real-time control, transparency, scalability, and operational efficiency. With the recent addition of Giant Worldwide, Matchpoint uniquely combines automation, enterprise-level execution, and advertising technology – going beyond traditional infrastructure to provide enhanced monetization, real-time content optimization, and high-volume distribution.About Cineverse Cineverse (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.Media Contact:The Lippin Group for Cineverse
cineverse@lippingroup.comInvestor Contact:Julie Milstead
investorrelations@cineverse.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/giant-worldwide-supports-oscar-nominated-films-from-neon-and-a24-with-global-distribution-services-302712365.htmlSOURCE Cineverse Corp.
Original: Giant Worldwide Supports Oscar-Nominated Films From NEON and A24 With Global Distribution Services
US Market News
4月前
Cineverse Announces Start of Production for Australian Horror Flick Wolf Creek LegacyMarch 3, 2026 10:30 AM
PR Newswire (US)
The third installment of the international hit horror franchise Wolf Creek sees the return of the menacing Mick TaylorLOS ANGELES, March 3, 2026 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), an entertainment technology company and studio, and Bloody Disgusting, its horror division, have today announced the start of production in South Australia on the third feature film instalment of the worldwide hit horror franchise Wolf Creek - with John Jarratt returning as the menacing Mick Taylor.
As previously announced, Cineverse has exclusive North American distribution rights to the film, and is planning a wide theatrical release. The first two films of the franchise have grossed more than $35 million globally at theaters according to Box Office Mojo.Wolf Creek Legacy centres around an American family on a dream trip to the Australian outback, who soon draw the attention of serial killing pig-shooter Mick Taylor. A hellish nightmare ensues as the couple's two children escape only to be hunted by the infamous killer.The third installment sees Jarratt reunited with the creator of the iconic franchise and its original director, Greg McLean (Rogue, The Belko Experiment, Jungle), who is producing this new project alongside Kristian Moliere (The Babadook), Bianca Martino (The Darkness) and Jeremy Bolt (Resident Evil, Death Race). South Australian Sean Lahiff (Carnifex) directs the new feature, with a script by Duncan Samarasinghe.Joining Jarratt in the cast is Ditch Davey (Spartacus, War Machine), Laura Gordon (Late Night with the Devil, Undertow), Stacy Clausen (Leviticus,The Mosquito Bowl), Charli Penton (Neighbours, Insidious: The Bleeding World), Anni Finsterer (Sweet Country, The Gloaming), Meg Fraser (Barons, Welcome Back To My Channel), Carlos Sanson Jnr (Bump, Primitive War), Maria Thattil (Empire City, Mother and Son), Connor Pullinger (The Hunting, Treasure & Dirt) and in his first acting role, Michael Teng, best known as one of the 'Travel Guides' in the popular Australian television series."Greg, Sean, Duncan and the whole team are creating a film that Wolf Creek fans will find delightfully disturbing, and we can't wait to see John Jarratt back on the big screen as the sadistic bushman killer Mick Taylor," said Cineverse Chief Motion Pictures Officer Yolanda Macias. "We couldn't be happier to be a part of this Legacy – the latest example of our model of acquiring proven, IP-based franchise films and releasing them cost-effectively through our owned technology and media infrastructure."Crew for the film include Production Designer Jonah Booth-Remmers (Treasure & Dirt, Thou Shalt Not Steal) Director of Photography Geoff Hall (Red Dog,The Correspondent, Chopper), Hair and Make Up Designer Rebecca Buratto (Leviticus, Bring Her Back), Prosthetics Designer Larry van Duynhoven (Furiosa: A Mad Max Saga, Bring Her Back) and Costume Designer Theo Benton (Limbo, The Last King of the Cross).Australia's most well-known and successful horror franchise, Wolf Creek was first released in 2005 after premiering at Sundance Film Festival and Cannes Film Festival and dubbed by Quentin Tarantino as "the scariest Australian movie ever made". Its sequel premiered at the Venice Film Festival in 2013 and was followed by two spin-off television series made for Australian streamer Stan and seen worldwide.Producer Greg McLean said: "We're thrilled to be bringing Aussie horror icon Mick Taylor back to the screen. As the creator of Wolf Creek, I can't wait for audiences to experience the next chapter of this franchise—bigger, darker, and more relentless than ever."With director Sean Lahiff at the helm, a powerhouse cast led by the legendary John Jarratt and an incredible crew behind us, we're ready to unleash the Outback's deadliest killer on the world once again. Mick's back… and the hunt is on."The film is Executive Produced by Laura Rister, Tom McLeod, Phil Hunt, Compton Ross, Calum Gray, Max Pirkis, Cory Todd Hughes, Adrian Speckert and Kelly Rogers.McLean and Martino's Emu Creek Pictures produce in association with Moliere's Triptych Pictures, with production partners, Esme Grace, South Australian Film Corporation, Head Gear Films and Metrol Technology, JB Pictures and So It Goes Entertainment.The film will be produced and filmed in South Australia. Worldwide sales by Architect. Icon Film Distribution has secured UK and Ireland rights, with Rialto Distribution securing Australian and New Zealand rights.About Cineverse Motion Pictures GroupCineverse super-serves passionate audiences by distributing content across all windows and platforms, from theatrical to digital to physical. Following the breakout box office success of Terrifier 3, recent theatrical releases include the franchise returns of The Toxic Avenger, Silent Night, Deadly Night, and Return to Silent Hill. Also on Cineverse's upcoming slate is the 20th anniversary release of Guillermo del Toro's masterpiece Pan's Labyrinth, Wolf Creek: Legacy and the company's first theatrical family feature, Air Bud Returns.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.CONTACTSFor Media, The Lippin Group for Cineverse
cineverse@lippingroup.comFor Investors, Julie Milstead
investorrelations@cineverse.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-announces-start-of-production-for-australian-horror-flick-wolf-creek-legacy-302702253.htmlSOURCE Cineverse Corp.
Original: Cineverse Announces Start of Production for Australian Horror Flick Wolf Creek Legacy
US Market News
4月前
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
US Market News
4月前
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-acquires-profitable-connected-tv-monetization-platform-indicue-in-transformational-deal-expanding-high-margin-infrastructure-that-powers-modern-content-distribution-302687412.htmlSOURCE Cineverse Corp.
Original: Cineverse Acquires Profitable Connected TV Monetization Platform IndiCue in Transformational Deal, Expanding High-Margin Infrastructure that Powers Modern Content Distribution