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Dec 31, 2021
Cinedigm Q3 2022 Earnings Report
Estimated Revenue:$11.9M
+12.9% YoY
Estimated EPS:-$0.01
+66.7% YoY
Key Takeaways
Cinedigm reported a strong fiscal quarter with a 42% increase in consolidated revenues and a 104% increase in streaming revenues. The company's net income was $4.3 million year-to-date, or $0.03 per share. Cinedigm has zero debt and is profitable year-to-date.
Consolidated revenues increased by 42% compared to the prior year.
Streaming revenues increased by 104% compared to the prior year.
Ad-supported streaming revenues increased by 100% compared to the prior year.
Subscription streaming revenues increased by 109% compared to the prior year.
Cinedigm
Cinedigm
Forward Guidance
Cinedigm is set to continue leading in media business innovation.
Positive Outlook
- Augmented reality (AR) announcement with Nreal
- State-of-the-art proprietary Matchpoint® streaming technology
- Ramp up of our engineering team at Cinedigm India
- Expanded networks
- Deal pipeline and streaming acquisition roll-up activity