Cineverse
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Cineverse (CNVS) investor relations material

Cineverse Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary17 Feb, 2026

Executive summary

  • Completed transformative acquisitions of Giant Worldwide and IndiCue, positioning the company as a leading AI-powered technology services provider for the entertainment industry.

  • Transitioned to a streaming-focused business model, with continued investment in content and technology platforms.

  • Net loss attributable to common stockholders was $1.0 million for the quarter, or $(0.05) per share, compared to net income of $7.0 million in the prior-year quarter.

  • Integration of Giant is progressing smoothly, with positive industry response and increased work orders.

  • Streaming audience grew 10% year-over-year to 149 million viewers, with total minutes streamed up 33%.

Financial highlights

  • Fiscal Q3 revenue was $16.3 million, down 60% year-over-year from $40.7 million, but up sequentially from $12.4 million.

  • Adjusted EBITDA was $2.4 million for the quarter, a $6 million improvement sequentially, but down from $10.9 million in the prior year.

  • Direct operating margin improved to 69% from 48% year-over-year.

  • Cash and equivalents were $2.5 million at quarter-end, with $4.2 million available under the credit facility.

  • Net loss for the quarter was $875,000, a $4.7 million improvement over the prior quarter.

Outlook and guidance

  • Fiscal 2027 guidance projects $115–$120 million in annual revenue and $10–$20 million in Adjusted EBITDA, including impact of recent acquisitions.

  • Combined acquisitions expected to contribute over $50 million in revenue and $10 million in Adjusted EBITDA for fiscal 2027.

  • Revenue synergies and cost savings are expected to provide upside to guidance, with $7.5 million in cost reductions built into EBITDA guidance.

  • Cost reductions of $2 million completed post-quarter; majority of $5.5 million further reductions expected in next two quarters.

  • Management expects continued investment in content and technology, with a focus on revenue growth from existing and new services.

Quantify Giant's expected margin improvement.
Describe IndiCue's customer base diversification.
Outline future M&A strategy and criteria.
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Frequently asked questions

Cineverse Corp. is a U.S.-based entertainment and technology company specializing in the distribution and streaming of film and television content. The company operates a portfolio of digital streaming platforms and services, offering diverse programming that includes movies, TV series, and specialty content for niche audiences. The company is headquartered in New York, New York, and its shares are listed on the NASDAQ.

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