Cineverse Q1 revenue jumps on tech acquisitions

Cineverse

13/08/2026 21:21

Overview
US streaming tech firm's fiscal Q1 revenue jumped 175% yr/yr on tech acquisition gains
Adjusted EBITDA turned positive, rising $2.6 mln to $0.5 mln yr/yr
Company reaffirmed FY 2027 revenue and EBITDA guidance, citing cost savings and integration progress

Outlook
Cineverse reaffirms full-year revenue guidance of $115 mln to $120 mln for fiscal 2027
Company maintains full-year adjusted EBITDA guidance of $10 mln to $20 mln for fiscal 2027
Cineverse expects most cost reduction and synergy actions completed by end of fiscal Q2

Result Drivers
TECH ACQUISITIONS - Revenue growth was mainly driven by new streams from recently acquired advertising technology and media services businesses
AUTOMATION & INTEGRATION - Transition to automated workflows and integration of acquired companies improved efficiency and increased capacity
STREAMING ENGAGEMENT - Company delivered its most-watched streaming quarter, with 4.5 bln minutes streamed, up 33% yr/yr

Company press release: ID:nPn7w4SyQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$30.60 mln
$25.67 mln (2 Analysts)
Q1 Loss Per Share
 
$0.28
 
Q1 Net Loss
 
$5.69 mln
 
Q1 Operating Expenses
 
$35.72 mln
 
Q1 Operating Income
 
-$5.12 mln
 
Q1 Pretax Loss
 
$5.67 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Cineverse Corp is $10.50, about 262.1% above its August 12 closing price of $2.90

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)