NASDAQ$CNVS

Cinedigm Corp · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Cineverse's financial performance reflected cost streamlining initiatives and strategic developments.

Cineverse reported a decrease in revenue to $9.1 million, but benefited from cost streamlining, leading to an improved direct operating margin of 51%. The company saw growth in viewership and podcast revenue, and is preparing for the release of 'Terrifier 3'.

  • Total revenue was $9.1 million, down from $13.0 million year-over-year, impacted by reduced streaming and digital revenue.
  • Direct operating margin increased to 51% from 46% due to decreased direct operating expenses.
  • SG&A expenses decreased by $1.3 million, or 17%, driven by reduced legal, consulting, and compensation costs.
  • Net loss attributable to common stockholders improved to $3.2 million, or $(0.20) per share, from $3.6 million, or $(0.37) per share.

Headline financials

Total Revenue

$9.13M

Previous: $13M-29.7%
EPS

-$0.20

Previous: -$0.37+45.9%
Direct Operating Margin

51.0%

Previous: 46.0%+10.9%
Capital Expenditures

-$624K

No prior period
Net Income

-$3.05M

Previous: -$3.54M+13.7%
Operating Income

-$2.78M

Previous: -$2.72M-2.2%
Gross Profit

$9.13M

Previous: $13M-29.7%
Cash & Equivalents

$3.96M

Previous: $12.1M-67.4%
Total Assets

$62.3M

Previous: $88.6M-29.7%
Stock-Based Comp

$470K

Previous: $409K+14.9%

Revenue & EPS history

Cinedigm · Revenue · Quarterly

$9.13M

Q1 2025-29.7%vs Q1 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Cineverse anticipates revenue upsides from new sales initiatives, including Matchpoint technology, AI products, and omni-advertising programs. The company expects significant growth in digital, licensing, and Matchpoint revenues.

Tailwinds

  • Expect to record revenue upsides over the next few quarters as we close multiple deals already in the sales queue.
  • Viewership across our streaming channel portfolio increased by 73%.
  • Combined with the rapid growth of our podcast business, this should set the stage for significant revenue upsides.
  • Terrifier 3 is on target for theatrical release on October 11, 2024.
  • Licensing sales have increased substantially, and our sales team has gained significant early traction.

Headwinds

  • Challenging year-over-year revenue comparisons due to the timing of digital content releases and legacy Digital Cinema non-recurring items.
  • Did not yet begin to record the revenue upsides during the quarter from our new sales teams and new sales initiatives.
  • Adjusted EBITDA improved by $0.1 million to ($1.4) million.
  • Total revenue of $9.1 million versus $13.0 million, mainly reflecting a reduction of $2.4 million in Streaming and Digital revenue.
  • Net loss attributable to common stockholders was $3.2 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.8%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-4.9%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+51.6%

Q3 2024

Best reaction

-21.7%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+9.6%+14.8%-14.4%
Q2 2026+0.0%+1.7%-5.8%
Q1 2026-13.4%-18.0%-42.3%
Q4 2025+14.8%+36.4%+39.0%
Q3 2025-6.7%+2.9%-18.3%
Q2 2025-3.0%+43.3%+33.2%
Q1 2025+1.2%+5.0%+5.0%
Q4 2024+1.1%-5.6%-9.0%
Q3 2024+51.6%-0.6%-19.4%
Q2 2024+1.8%-1.8%+0.9%
Q1 2024+4.7%-1.6%-1.6%
Q4 2023+4.1%-15.8%-28.1%
Q3 2023-8.3%-23.3%-21.7%
Q2 2023-1.6%-24.6%-21.3%
Q1 2023-1.3%-23.4%-29.9%
Q4 2022+7.7%-21.5%-12.3%
Q3 2022-3.7%+3.7%-15.9%
Q2 2022+2.8%-24.0%-40.1%
Q1 2022+4.9%+6.4%+20.2%
Q4 2021+2.5%-4.5%+12.1%
Q3 2021-3.0%-28.9%-17.8%
Q2 2021+10.0%-1.7%+36.7%
Q1 2021-14.6%-30.5%-44.5%
Q4 2020-0.5%-6.2%-29.7%
Q3 2020-5.5%-1.8%-36.4%
Q2 2020+3.4%+4.6%-13.8%
Q1 2020+0.8%-2.4%-23.4%
Q4 2019-4.1%+0.8%+0.8%
Q3 2019+14.3%+17.1%+73.3%
Q2 2019+2.3%-12.6%-12.6%
Q1 2019+5.5%-4.1%-9.0%
Q4 2018+0.0%+2.0%-1.3%
Q3 2018+3.2%-0.8%+4.8%
Q2 2018+0.7%+7.3%+8.8%
Q1 2018+1.3%-3.3%-1.3%
Q4 2017-8.0%-22.6%-33.2%
Q3 2017+7.2%+28.0%+11.2%
Q2 2017+3.8%+8.9%-9.5%
Q1 2017+7.1%-10.3%-23.2%
Q4 2016-21.7%+30.4%+94.8%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2013
Q2 2014
Q2 2013
Q4 2013
Q2 2012
Q1 2012
Q1 2013
Q4 2012
Q2 2011
Q4 2011
Q1 2011

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