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Cineverse Corp. Class A Common Stock Earnings Recaps

CNVS Consumer Discretionary 3 recaps
Next earnings: November 12, 2026 (estimated) · full calendar
Q1 2027 Aug 15, 2026

Cineverse shares fell 7.2% after the quarter as investors reacted negatively to significant margin compression driven by low-margin advertising technology revenue and cautious outlook around margin improvement despite strong revenue growth.

Key takeaways
  • Revenues surged 175% year-over-year to $30.6 million, boosted by recent acquisitions and new ad tech/media services.
  • Adjusted EBITDA improved by $2.6 million, marking the second consecutive positive quarter.
  • Direct operating margin collapsed to 35% from 57% a year ago due to a high revenue share expense (79%) on the new ad tech business.
  • Management highlighted $13 million in targeted annual cost synergies and a $1.8 million reduction in force underway to improve margins.
  • No new wide release theatrical films this seasonally slow quarter, with three higher-profile releases expected in the stronger second half of fiscal 27.
Full recap
Q4 2026 Jun 28, 2026

Shares rallied 17.5% after Cineverse reported a 67% revenue increase mainly driven by acquisitions, with strong contributions from new technology-based recurring revenue streams. The market responded positively to the validated growth strategy and reassuring guidance reaffirmation despite near-term margin pressure.

Key takeaways
  • Fourth quarter revenues surged 67% year-over-year to $26 million, including $11.6 million from partial quarter contributions of newly acquired IndiCue and Giant Worldwide.
  • Net income attributable to stockholders improved to $1.1 million from a prior quarter loss, bolstered by a $4.3 million bargain purchase gain and a $2.9 million tax benefit related to acquisitions.
  • Adjusted EBITDA declined to $0.1 million from $2.4 million last quarter, and direct operating margin compressed significantly to 40% from 69%, reflecting integration costs and investments.
  • The company reaffirmed fiscal 2027 guidance of $115 million to $120 million revenue and $10 million to $20 million adjusted EBITDA, emphasizing the recurring and technology-driven nature of future revenues.
  • Management highlighted transformational acquisitions creating a synergistic “flywheel,” positioning Cineverse as a technology-first, AI-driven entertainment company with diversified income streams.
Full recap
Q3 2026 Feb 18, 2026

Cineverse Corporation reported a strong fiscal Q3 2026, significantly improving margins and achieving solid operating results while successfully completing two transformative acquisitions that position the company for future growth.

Key takeaways
  • Adjusted EBITDA reached $2.4 million, reflecting a $6 million improvement from the previous quarter and indicating increased operational efficiency.
  • Direct operating margin improved dramatically to 69%, up from 48% year-over-year due to cost structure enhancements in core operations.
  • Successful acquisitions of Giant Worldwide and IndiCue are expected to contribute significant recurring revenues and accelerate Cineverse's strategy as a leading AI-powered technology services provider in the entertainment industry.
  • Anticipated revenues for fiscal year 2027 are projected between $115 million to $120 million, with adjusted EBITDA expected to be $10 million to $20 million, reflecting strong financial growth prospects.
Full recap

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