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Dec 31, 2020
Cinedigm Q3 2021 Earnings Report
Reported strong financial results with streaming channel revenues up 85% year-over-year and ad-supported streaming channel revenues up 150% year-over-year.
Key Takeaways
Cinedigm reported a decrease in revenue to $10.0 million, a net loss of $9.7 million, and an adjusted EBITDA of $0.9 million for Q3 2021. However, the company's streaming business showed significant growth, with advertising-based channel revenues increasing by 150% year-over-year. The company also reduced its total debt by $25.7 million compared to the previous year and has $26.2 million in cash and cash equivalents.
Streaming channel revenues increased by 85% year-over-year.
Ad-supported streaming channel revenues increased by 150% year-over-year.
The company reported a consolidated net loss of $9.7 million.
Cash and cash equivalents totaled $26.2 million as of December 31, 2020.
Cinedigm
Cinedigm
Forward Guidance
No specific forward guidance was provided in the release.