NASDAQ$CNVS

Cinedigm Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

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.

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%.

Headline financials

Total Revenue

$40.7M

Previous: $13.3M+206.9%
EPS (adj)

$0.38

Previous: -$0.22+272.7%
Direct Operating Margin

48.0%

No prior period
Adjusted EBITDA

$10.9M

No prior period
Capital Expenditures

-$80K

No prior period
Net Income

$7.16M

Previous: -$2.74M+361.7%
Operating Income

$9.44M

Previous: $427K+2109.8%
Gross Profit

$18.8M

Previous: $13.3M+41.6%

Revenue & EPS history

Cinedigm · Revenue · Quarterly

$40.7M

Q3 2025+206.9%vs Q3 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.

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 2025

Historical avgQ3 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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