Cineverse Corp

Earnings data Q3 2021

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Cineverse Corp Reports Transition Year, Plans Growth

Cineverse Corp's FY 2024 marked a year of strategic transition, focusing on cost optimization and operational efficiency. Despite revenue challenges, the company is poised for growth with its strong franchise, technological advancements, and new market initiatives. The stock repurchase program reflects confidence in the company's valuation and future prospects.

Cineverse Corp plans profit boost with Terrifier 3 release

Cineverse Corp aims for sustainable cash flow positivity in FY 2025.
Focus on boosting profits with upcoming theatrical release and new technologies.
Addressing revenue decline through direct sales and content monetization strategies.
Confidence in revenue growth despite current timing-related challenges.

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Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand, advertising-based video on demand, and free, ad-supported streaming television channels. It entertains consumers around the globe by providing premium feature films and television series, enthusiast streaming channels, and technology services to some media, retail, and technology companies. The company was founded by A. Dale Mayo on March 31, 2000 and is headquartered in New York, NY.

LiveRamp's Solution Improves Data Security and Accuracy for Cineverse's Advertisers and Will Be Available to All Matchpoint™ Customers LOS ANGELES , Sept. 4, 2024 /PRNewswire/ --  Cineverse Corp.  (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the full integration of LiveRamp's Authenticated Traffic Solution.

Cineverse Strengthens Data Capabilities with Full Integration of LiveRamp's Authenticated Traffic Solution

Ahead of the World Premiere at Fantastic Fest 2024, the highly anticipated Official Trailer and Key Art for TERRIFIER 3 Unveiled; Tickets on Sale Now for October 11 Theatrical Release Trailer Scared up Over 7 Million Views on YouTube in first 24 Hours LOS ANGELES , Aug. 29, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have released the official trailer and key art for Terrifier 3 ahead of its world premiere at Fantastic Fest 2024 and official theatrical release on October 11th. Tickets are on sale now at terrifier3.com.

Christmas Comes Early This Year as TERRIFIER 3 Drops Official Trailer and Key Art

LOS ANGELES , Aug. 22, 2024 /PRNewswire/ -- Frequency, the engine behind many of the world's best-known streaming television channels, is proud to announce that Cineverse (NASDAQ:CNVS), a recognized pioneer in the FAST industry, has chosen Frequency to deliver leading channels from its streaming portfolio to more than 25 platforms. This strategic partnership underscores Cineverse's significant growth and evolution in the streaming market by enhancing content delivery methods and viewer engagement across its channels.

Cineverse Switches on Frequency to Distribute its Top FAST Channels Worldwide

Vizio Holding Corp

The channel provides millions of users with free 24/7 access to more than 160 episodes of the beloved animal training series LOS ANGELES , Aug. 20, 2024 /PRNewswire/ --  Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced its Dog Whisperer With Cesar Millan free ad-supported streaming television (FAST) channel is streaming on VIZIO  (NYSE: VZIO) Smart TVs. The Dog Whisperer With Cesar Millan FAST channel gives VIZIO users all nine seasons of the beloved animal training series – more than 160 episodes – on VIZIO WatchFree+ (ch.

Cineverse's 'Dog Whisperer With Cesar Millan' FAST Channel Now Available on VIZIO WatchFree+

AppLovin Corp

Partnership will Bring New Channels to Viewers, while also Enhancing Cineverse's Monetization and Discovery Capabilities LOS ANGELES , Aug. 15, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced a broad partnership with Wurl, LLC ("Wurl"), a leader in the CTV industry, to distribute its growing portfolio of free, ad-supported streaming television (FAST) channels and launch new channels. The partnership will enable Cineverse to streamline channel launches through seamless integration with Matchpoint, the company's proprietary distribution platform, along with enhanced monetization which will provide Cineverse with future opportunities to expand the company's strategic initiatives around content discovery and personalization.

Cineverse Partners With Wurl to Power FAST Channel Portfolio

Cineverse Corp. (NASDAQ:CNVS ) Q1 2025 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Gary Loffredo - Chief Legal Officer, Secretary and Senior Advisor Chris McGurk - Chairman and Chie Executive Officer Mark Lindsey - Chief Financial Officer Erick Opeka - President and Chief Strategy Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Daniel Kurnos - The Benchmark Company Operator Good day, everyone. Welcome to Cineverse's Third Quarter Fiscal 2024 Financial Results Conference Call.

Cineverse Corp. (CNVS) Q1 2025 Earnings Call Transcript

Total Revenue of $9.1 Million Total Direct Operating Margin of 51% Selling, General, and Administrative Expenses decreased by $1.3 Million, or 17% LOS ANGELES , Aug. 14, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for its fiscal first quarter ended June 30, 2024 ("Q1 FY 2025").  Q1 FY 2025 Highlights (all comparisons are to the prior year fiscal quarter ended June 30, 2023, or Q1 FY 2024):  For the fiscal quarter ended June 30, 2024, the Company's initiatives to reduce operating costs continued to have a positive impact on our financial results contributing to a decrease in SG&A expenses of $1.3 million, or 17% and also helped increase our direct operating margin to 51% from 46% last year, above our previously stated target of 45% to 50%.

Cineverse Reports First Quarter Fiscal Year 2025 Results

Across the Company's Brands, 2.26 Billion Minutes Were Watched, Up 73% From Last Year LOS ANGELES , Aug. 12, 2024 /PRNewswire/ --  Cineverse Corp.  (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced remarkable year-over-year growth in free ad-supported streaming TV (FAST) viewing. In the fiscal second quarter of 2024, Cineverse's FAST channels amounted to 2.26 billion minutes watched, reflecting a 73% increase compared to the same period last year (1.31 billion minutes in 2Q23).

CINEVERSE ACHIEVES SIGNIFICANT YEAR-OVER-YEAR FAST VIEWING GAINS

LOS ANGELES , Aug. 7, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced it will release its financial results for the first quarter fiscal year 2025 ended June 30, 2024, after market close on Wednesday, August 14, 2024. Cineverse will host a conference call discussing these results at 4:30 p.m.

Cineverse to Report First Quarter Fiscal 2025 Financial Results on Wednesday, August 14, 2024

The Film DEVON Explores Every Parent's Worst Nightmare  LOS ANGELES , Aug. 1, 2024 /PRNewswire/ -- No good deed goes unpunished in DEVON, the latest acquisition from distributor and streaming innovator Cineverse (NASDAQ: CNVS). When a group of friends try to uncover the truth behind an unsolved disappearance, they unwittingly find themselves at the center of a terrifying mystery.

Cineverse Acquires Jenni "JWOWW" Farley's Directorial Debut for the Company's Streaming Service SCREAMBOX

Programming from Cineverse Channels Including Crime Hunters, Dog Whisperer with Cesar Milan, Comedy Dynamics, EntrepreneurTV, the Sid & Marty Krofft Channel and more Now Live on the Global Platform LOS ANGELES , July 30, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced that it will be distributing video content for the first time on Spotify . This includes programming from both Cineverse's channel partners as well as additional titles curated from the company's content library of more than 70,000 films and television shows.

Cineverse to Publish Extensive Library of Video Content on Spotify

The Channel Has Seen Tremendous Growth Across Consumption and Engagement Since Its January Launch LOS ANGELES , July 2, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced its inaugural Bark Week on the Dog Whisperer With Cesar Millan free ad-supported streaming television (FAST) channel for the week of July 7 to July 14, 2024. The company also announced that the channel will be available on Pluto TV  on July 8 – just in time for Bark Week.

Cineverse's 'Dog Whisperer With Cesar Millan' FAST Channel Celebrates 'Bark Week' and Goes Live on Pluto TV

Cineverse Corp. (NASDAQ:CNVS ) Q4 2024 Earnings Conference Call July 1, 2024 4:30 PM ET Company Participants Gary Loffredo - Chief Legal Officer, Secretary & Senior Advisor Chris McGurk - Chairman and Chie Executive Officer Mark Lindsey - Chief Financial Officer Erick Opeka - President and Chief Strategy Officer Conference Call Participants Dan Kurnos - The Benchmark Company Operator Good day, everyone. Welcome to Cineverse's Fourth Quarter Fiscal Year 2024 Financial Results Conference Call.

Cineverse Corp. (CNVS) Q4 2024 Earnings Call Transcript

Total Revenue of $49.1 Million Total Direct Operating Margin Increased to 61% from 47% Selling, General, and Administrative Expenses Decreased By $8.9 Million, or 24% Adjusted EBITDA of $4.4 Million, an Increase of $4.3 Million from Prior Year Positive Working Capital of $1.5 Million as of Year End LOS ANGELES , July 1, 2024 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the quarter and fiscal year ended March 31, 2024 ("FY 2024").  FY 2024 Financial Overview (all comparisons are to the prior fiscal year ended March 31, 2023): For the fiscal year ended March 31, 2024, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins continued to have a positive impact on our financial results contributing to Adjusted EBITDA of $4.4 million for the year, up $4.3 million over the prior year.

Cineverse Reports Fourth Quarter and Fiscal Year 2024 Results

Terrifier 2's Art the Clown Collector's Edition VHS among Items from Cineverse's Horror Brand LOS ANGELES , June 28, 2024 /PRNewswire/ -- Cineverse (NASDAQ:  CNVS ), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have announced today a new Horror Fan Shop featuring exclusive Bloody Disgusting merch including Terrifier 2's Art The Clown and more at 1,700-plus Walmart stores across the country. This collection has limited quantities and was curated by Bloody Disgusting specifically for fans.

Exclusive Bloody Disgusting Merchandise Now Available in Horror Fan Shops at Select Walmart Locations

'9 Story Presents: Garfield and Friends' FAST Channel Now Available on Sling Freestream. LOS ANGELES , June 27, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the 9 Story Presents: Garfield and Friends Channel is now live on Sling Freestream.

Cineverse and 9 Story Bring Garfield to New Free Streaming Channel

SAN JOSE, Calif. , June 25, 2024 /PRNewswire/ --  XL8 , a leading deep-tech startup specializing in AI-powered machine translation technology, and  Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced an agreement to enhance Cineverse's Matchpoint content management and distribution platform with XL8's advanced AI-driven captioning and localization capabilities.

XL8 and Cineverse Announce Groundbreaking AI-Powered Captioning and Localization Partnership

LOS ANGELES , June 24, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced it will release its financial results for the fourth quarter and full fiscal year 2024 ended March 31, 2024, after market close on Monday, July 1, 2024. Cineverse will host a conference call discussing these results at 4:30 p.m.

Cineverse to Report Fourth Quarter and Full-Year Fiscal 2024 Financial Results on Monday, July 1, 2024

LOS ANGELES , June 21, 2024 /PRNewswire/ --Titan Books is thrilled to announce the upcoming novelisation of the slasher film Terrifier 2, in partnership with Cineverse (NASDAQ: CNVS) and its horror division, Bloody Disgusting. The book will be out October 29, 2024, to accompany the release of Terrifier 3 in cinema and is written by Tim Waggoner, author of the Halloween Kills and Resident Evil: The Final Chapter novelisations.

TITAN BOOKS PUBLISHING TERRIFIER 2 NOVELISATION WITH BLOODY DISGUSTING

Shooting Wrapped Last Week on Hotly Anticipated Slasher Sequel Terrifier 3 opens nationwide on October 11, 2024, just in time for the Halloween season. LOS ANGELES , June 17, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, and Bloody Disgusting, its horror division, have announced today that horror icon  Jason Patric (The Lost Boys, Narc) has joined the cast of Terrifier 3 from filmmakers Damien Leone and Phil Falcone.

Jason Patric Joins Terrifier 3 Cast

Driven by Eight Fan-focused Channels with 400K-plus Subs and Successful New Additions for Dog Whisperer and For Us By Us Network LOS ANGELES , June 13, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced that it has passed 10 million subscribers to its fandom-focused YouTube channels.  This success has been driven by the company's fan-focused social video channels for several of its brands that have earned 400K or more subscribers on YouTube alone, including AsianCrush (pan-Asian, approaching 3.5 million), Free Movies from Cineverse (indie film, 1.3 million), K-Crush (K-pop, 938K), RetroCrush (classic anime, 901K), Cineverse Romance (romance movies, 760K), Midnight Pulp (cult movies and TV shows, 636K), QTTV (LGTBQ+, 575K) and Bloody Disgusting (horror, 407K).

Cineverse Passes Ten Million YouTube Subscribers

India-Based Team Already Supporting the Company by Providing Services That Bring Cost-Savings and Business Optimization Suite of Services Offered to External SaaS Customers and Other Partners Looking to Reduce Overhead and Streamline Expenses LOS ANGELES , May 23, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced the expansion of its India-based Cineverse Services operation, which is now providing services to customers in the U.S. seeking to reduce overhead and streamline expenses by optimizing its back-end operations across a suite of offerings.  Now approaching 40 team members, with plans to scale to 50 by the fall, Cineverse Services is available as an add-on to Matchpoint for existing SaaS customers, as well as other partners, creating a new revenue stream for the company.

Cineverse Services Now Available to Matchpoint Partners, Bringing an Additional Revenue Stream to the Company

Fueled by Hit Entertainment, Horror, and True Crime Shows, Network Ranks #8 in North America for Listeners and #17 for Downloads & Streams Exciting New Shows and Expanded Ad Sales Team Poised to Drive Further Growth LOS ANGELES , May 9, 2024 /PRNewswire/ -- Cineverse Podcast Network, the audio powerhouse behind some of the most captivating entertainment, horror, and true crime podcasts, has achieved a new milestone, attracting 9.6 million unique listeners and generating 12.7 million downloads and streams in April 2024. This impressive growth has propelled the network to the #8 spot in North America for listeners, sandwiched between industry giants The New York Times and The Walt Disney Company, and #17 for downloads and streams.

Cineverse Podcast Network Surges to 9.6 Million Unique Listeners and 12.7 Million Downloads in April 2024

Partnership to Be Used as a Model for Future Cineverse Film Projects LOS ANGELES and SANTA MONICA, Calif. , May 7, 2024 /PRNewswire/ -- BondIt Media Capital has closed a new co-financing partnership with Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company.

BondIt Media Capital and Cineverse form Unique and Innovative Partnership to Finance Film Distribution

Introducing Ava, an "AI Video Advisor" Designed to Decrease Time Deciding What to Watch, Provide Fast, Personalized Viewing Recommendations and Enable Platforms to Increase Revenue and Reduce Churn LOS ANGELES , May 2, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company, has debuted cineSearch, a new content search and discovery (SAND) service. Available today in public Beta, which can be accessed at cineSearch.com , cineSearch promises to redefine how audiences interact with movies and TV shows.

News for Cineverse Corp Stock (CNVS)