Earnings ·
Cineverse Corp. reported fiscal first quarter 2027 results for the period ended June 30, 2026, announcing a 175%…
CNVSCineverse Corp.
Cineverse Corp. reported fiscal first quarter 2027 results for the period ended June 30, 2026, announcing a 175% year-over-year revenue increase to $30.6 million, driven by its strategic acquisitions of Giant Worldwide and IndiCue. Advertising Technology contributed $15.9 million in revenue, while Media Services added $3.5 million. Adjusted EBITDA improved significantly to $0.5 million from a loss of $2.6 million in the prior year period, though net loss attributable to common stockholders widened to $(5.8) million or $(0.28) per share due to integration costs and non-cash adjustments. The company reaffirmed its full-year fiscal 2027 guidance of $115 to $120 million in revenues and $10 to $20 million in Adjusted EBITDA, while expanding its identified cost reduction and synergy program target to $13 million annually with over $8 million already achieved. Cineverse operates as a global streaming technology and entertainment company that develops content distribution platforms and manages a digital film library.