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Dec 31, 2024
Cinedigm Q3 2025 Earnings Report
Cineverse reported significant increases in revenue, net income, and adjusted EBITDA for the third quarter of fiscal year 2025, primarily driven by the strong performance of Terrifier 3.
Key Takeaways
Cineverse Corp. announced its fiscal third quarter 2025 results, reporting a total revenue of $40.7 million, a 207% increase year-over-year, and a net income of $7.2 million, a $9.9 million increase. Adjusted EBITDA reached $10.8 million, up $9.0 million from the prior year quarter, with a direct operating margin of 48%. The strong performance was largely attributed to the success of the film Terrifier 3.
Total revenue increased by 207% to $40.7 million compared to the prior year quarter, primarily driven by the box office performance of Terrifier 3.
Net income attributable to common stockholders was $7.2 million, a significant improvement from a net loss of $2.9 million in the prior year quarter.
Adjusted EBITDA increased by $9.0 million to $10.8 million, reflecting strong operational performance.
The company achieved a total direct operating margin of 48%, aligning with its target range of 45% to 50%.
Forward Guidance
Cineverse expects continued strong growth, driven by strategic investments in streaming, technology, advertising, podcast, and content businesses, and leveraging its unique media ecosystem for film distribution and marketing.
Positive Outlook
- The company is completely debt-free with a zero balance on its $7.5 million East West Bank line of credit and approximately $13 million in cash-on-hand.
- Strong financial position enables investment in growth across streaming, technology, advertising, podcast, and content businesses.
- New financing options are being explored to increase credit availability, particularly for new films and content, without considering equity offerings.
- The success of Terrifier 3 has opened up new opportunities for theatrical release slate with films targeting specific fan bases and known intellectual property.
- Major studios and independents are now utilizing Cineverse's new media ecosystem for film marketing, expected to be a growing source of future revenues and profits.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
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