Record-Breaking Quarter and Year
Cineverse reported the best quarter in the company's history for Q3 with over $41 million in total revenues and a net income of $7.2 million. For Q4, the company achieved a revenue of $15.6 million, a 58% increase over the prior year, and net income of $858,000, a $15.5 million increase over the previous year.
Strong Full-Year Financial Performance
For fiscal year 2025, Cineverse reported total revenues of $78.2 million, a 59% increase over last year. Total full-year net income was $3.8 million, and total full-year adjusted EBITDA was $13.9 million, a 216% increase over last year.
Operational Margin Improvements
The direct operating margin for Q4 was 55%, exceeding the guidance range of 45% to 50%, attributed to cost optimization initiatives. SG&A expenses were reduced by $1.4 million compared to the prior year.
Successful Film Releases and Strategic Slate
The release of 'Terrifier 3' contributed significantly to revenue. Upcoming releases include 'The Toxic Avenger', 'Silent Night, Deadly Night', and 'Return to Silent Hill', all with investments of less than $5 million.
Expansion of Streaming and Podcasting
Streaming engagement increased with over 3.2 billion minutes streamed, a 45% increase year-over-year. Subscriber growth was reported at 4% year-over-year. Podcast revenues were up 57% over the prior year with new licensing agreements.
Technology and AI Initiatives
The company has focused on its proprietary streaming content management and AI technology. Matchpoint and cineSearch are positioned as valuable assets for major studios, with prospects for significant revenue from these technologies.