Cineverse (CNVS) investor relations material

Executive summary

• Revenue increased 175% year-over-year to $30.6 million, driven by acquisitions of Giant Worldwide and IndiCue and strong technology growth.

• Adjusted EBITDA improved by $2.6 million to $0.5 million, marking the second consecutive positive quarter, despite integration and acquisition-related costs.

• Net loss attributable to common stockholders was $5.8 million ($0.28 per share), compared to $3.6 million ($0.21 per share) last year, reflecting higher operating and acquisition-related expenses.

• Technology revenues now represent over 60% of consolidated total, becoming the largest and most recurring revenue source.

• Operating cash flow improved by over $13 million year-over-year.

Financial highlights

• Revenues reached $30.6 million, up from $11.1 million in the same quarter last year.

• Advertising Technology contributed $15.9 million (52% of total revenue); streaming and digital revenue grew 7% to $9.7 million.

• Direct operating margin declined to 35% from 57% prior quarter, mainly due to higher revenue share expenses.

• SG&A expenses rose 30% to $11.6 million, driven by compensation, marketing, and integration costs.

• Ended the quarter with $4.3 million in cash and $12.5 million revolver available.

Outlook and guidance

• Reaffirmed fiscal year 2027 guidance: $115–$120 million in revenue and $10–$20 million in adjusted EBITDA.

• Cost savings and synergy program targets $13 million annualized, with $8.3 million already executed; majority of savings expected in H2.

• Anticipate strong second half driven by U.S. midterm elections, holiday season, and new theatrical releases.

• Free cash flow expected to turn meaningfully positive and accelerate due to revenue synergies, cost saves, and lower CapEx.

• Cash, cash equivalents, and available credit are believed sufficient to support operations for at least twelve months from the filing date.