Cineverse Q3 revenue falls 60%

Cineverse

17/02/2026 21:09

Overview

Streaming technology firm's Q3 FY 2026 revenue fell 60% yr/yr

Adjusted EBITDA for Q3 FY 2026 improved over prior sequential quarter

Company completed acquisitions of Giant and IndiCue, adding $53 mln revenue for FY 2027

Outlook

Cineverse forecasts fiscal year 2027 revenue of $115 to $120 mln

Company expects fiscal year 2027 adjusted EBITDA of $10 to $20 mln

Cineverse anticipates acquisitions to add $53 mln revenue in fiscal year 2027

Result Drivers

REVENUE DECLINE - Revenue decreased 60% yr/yr due to absence of prior year's theatrical revenue from Terrifier 3

COST MANAGEMENT - Direct operating margin improved to 69% from 48% last year due to cost management focus

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$16.29 mln
$20.003 mln (2 Analysts)
Q3 Net Income
-$875,000
Q3 Operating Expenses
$16.94 mln
Q3 Operating Income
-$656,000


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 $7.50, about 200% above its February 13 closing price of $2.50

Press Release: ID:nPn8yZXcta

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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.)