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Sep 30, 2021
Cinedigm Q2 2022 Earnings Report
Estimated Revenue:$10.9M
+54.9% YoY
Estimated EPS:-$0.02
+66.7% YoY
Key Takeaways
Cinedigm reported strong second quarter results with triple-digit streaming revenue growth. Ad-supported streaming business led the growth, and the company is in excellent financial condition with no debt and a strong cash position.
Second quarter streaming revenues grew by 139% year-over-year.
Ad-supported streaming channel revenues increased by 208% in the second quarter year-over-year.
Subscription streaming channel revenues increased by 73% in the second quarter year-over-year.
Company reiterates the recent long-term goals for the next 3-5 years
Cinedigm
Cinedigm
Forward Guidance
Cinedigm anticipates continued momentum by broadening its streaming channel portfolio and expanding platform distribution in the upcoming fiscal quarters.
Positive Outlook
- Continuing momentum with triple-digit streaming revenue growth.
- Broadening robust enthusiast streaming channel portfolio.
- Expanding platform distribution into the next two fiscal quarters.
- Strong cash position to continue on pace with accretive acquisitions.
- Organic growth and M&A will fuel rapid revenue growth.