Loading...
•
Jun 30, 2024
Cinedigm Q1 2025 Earnings Report
Cineverse's financial performance reflected cost streamlining initiatives and strategic developments.
Key Takeaways
Cineverse reported a decrease in revenue to $9.1 million, but benefited from cost streamlining, leading to an improved direct operating margin of 51%. The company saw growth in viewership and podcast revenue, and is preparing for the release of 'Terrifier 3'.
Total revenue was $9.1 million, down from $13.0 million year-over-year, impacted by reduced streaming and digital revenue.
Direct operating margin increased to 51% from 46% due to decreased direct operating expenses.
SG&A expenses decreased by $1.3 million, or 17%, driven by reduced legal, consulting, and compensation costs.
Net loss attributable to common stockholders improved to $3.2 million, or $(0.20) per share, from $3.6 million, or $(0.37) per share.
Forward Guidance
Cineverse anticipates revenue upsides from new sales initiatives, including Matchpoint technology, AI products, and omni-advertising programs. The company expects significant growth in digital, licensing, and Matchpoint revenues.
Positive Outlook
- Expect to record revenue upsides over the next few quarters as we close multiple deals already in the sales queue.
- Viewership across our streaming channel portfolio increased by 73%.
- Combined with the rapid growth of our podcast business, this should set the stage for significant revenue upsides.
- Terrifier 3 is on target for theatrical release on October 11, 2024.
- Licensing sales have increased substantially, and our sales team has gained significant early traction.
Challenges Ahead
- Challenging year-over-year revenue comparisons due to the timing of digital content releases and legacy Digital Cinema non-recurring items.
- Did not yet begin to record the revenue upsides during the quarter from our new sales teams and new sales initiatives.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...