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Mar 31, 2020
Cinedigm Q4 2020 Earnings Report
Cinedigm achieved profitability in its core business during the fourth quarter, with Adjusted EBITDA increasing by $3.5 million, a 125% increase over Q4 2019.
Key Takeaways
Cinedigm reported a strong Q4 2020, achieving profitability in its core business with a significant increase in Adjusted EBITDA. The company focused on expanding its streaming channels and distribution network, leading to substantial growth in ad-supported viewers and OTT channel revenue.
Core business achieved profitability in Q4 with $0.7 million in Adjusted EBITDA, up $3.5 million or 125% over Q4 2019.
Monthly ad-supported streaming viewers grew to 9.7 million by March 31, 2020, and to 13.2 million by May 31, 2020.
The company launched several new streaming channels, building a premium 16-channel portfolio.
Expanded distribution framework to include approximately 670 million global devices from more than 40 distribution partners.
Forward Guidance
Cinedigm is well-positioned for growth in the coming fiscal year, driven by its focus on expanding channels, distribution, viewership, and monetization. The company expects to capitalize on the shift towards OTT media consumption and achieve sustained profitability.
Positive Outlook
- Continued expansion of streaming channels and content offerings.
- Increased distribution footprint through partnerships with major platforms.
- Growth in viewership and engagement on ad-supported streaming services.
- Strong monetization potential with scale partners.
- Cost streamlining efforts expected to have a full impact in FY 2021.
Challenges Ahead
- Reliance on the evolving OTT market and changing consumer preferences.
- Potential challenges in maintaining growth rates in viewership and revenue.
- Competition from other streaming services and content providers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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