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Dec 31, 2019
Cinedigm Q3 2020 Earnings Report
Reported a narrowed net loss and increased OTT/Streaming revenues.
Key Takeaways
Cinedigm reported a net loss of $2.3 million, narrowed by 33% year-over-year, with a 63% reduction excluding non-recurring charges. OTT/Streaming revenues increased by 95%, and monthly active ad-supported streaming viewers reached 5.6 million, up 24.4% this quarter.
Net loss narrowed by 63% excluding non-recurring charges.
OTT/streaming revenues increased 95%.
Monthly active ad-supported streaming viewers reached 5.6 million, up 24.4% this quarter.
Proposed investment in Starrise is a key step forward in plan to become the first fully integrated North America / China studio.
Cinedigm
Cinedigm
Forward Guidance
Cinedigm expects to fully close in the coming weeks, is a key step forward in our plan to become the first fully integrated North America / China studio