NASDAQ$CNVS
Cinedigm Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter fiscal year 2023 financial results with significant revenue and net income growth.
Cinedigm reported a strong third quarter in fiscal year 2023, with a 98% increase in total revenues to $27.9 million compared to the prior year quarter. Net income increased by 1,139% to $4.9 million, and adjusted EBITDA rose by 279% to $5.1 million. Key business highlights included a 63% increase in total streaming revenue, driven by growth in both ad-supported and subscription revenues.
- Total revenues increased by 98% year-over-year to $27.9 million.
- Net income rose by 1,139% year-over-year to $4.9 million.
- Adjusted EBITDA increased by 279% year-over-year to $5.1 million.
- Total streaming revenue increased 63% year-over-year to $8.9 million, driven by increases in ad-supported and subscription revenues.
Headline financials
Revenue & EPS history
Cinedigm · Revenue · Quarterly
$27.9M
Forward guidance
The Company Reiterates Its Long-Term Growth Goals for The Next 2-4 Years
Tailwinds
- Targeting at least 50% annual revenue growth in streaming.
- Growing annual revenue to $150 million through both organic and acquired revenue.
- Growing the content library to 75,000 titles.
- Obtaining 100 million monthly viewers.
- Attaining engagement of two billion Connected TV minutes.
Headwinds
- Not applicable, as the company only provided positive guidance.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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% | |
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