Cinedigm Q3 FY2023 revenue $27.9M (+98% YoY); net income $4.9M vs loss last year

Cineverse Corp.

2023-Q3 EPS reported -$0.04 revenue$55,478,000

Revenue $27.9M, up 98% YoY; net income $4.9M ($0.03 EPS) vs net loss of $0.5M last year.
Adjusted EBITDA $5.1M, up 279% YoY from $1.3M.
Streaming revenue $8.9M (+63% YoY); ad-supported up 79%, subscriptions up 38%.
Paid subscribers reached 1.22M (+28% YoY); streaming minutes 2.14B (+60% YoY).
Company reiterates long-term targets: 50% streaming revenue growth, $150M annual revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cineverse Corp. reported the three and nine months ended December 31, 2022 results: revenue $27.9 million, net income $4.9 million, EPS $0.03.

Period: the three and nine months ended December 31, 2022
Revenue: $27.9 million
Net income: $4.9 million
EPS: $0.03
Result: reported results

Exact text from the filing

Cinedigm Reports Third Quarter Fiscal Year 2023 Financial Results Revenues of $27.9 Million, up $13.8 Million or 98% Over Prior Year Quarter Net Income of $4.9 Million, up $5.4 Million or 1,139% Over Prior Year Quarter Earnings per Share of $0.03, up $0.03 or 100% Over Prior Year Quarter

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Source: SEC EDGAR

accession 0000950170-23-003226

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