earnings
confidence high
sentiment neutral
materiality 0.75
Cineverse reports FY2024 revenue $49.1M; Adj EBITDA $4.4M vs $0.1M prior year
Cineverse Corp.
2025-Q1 EPS
reported -$0.20
vs consensus -$0.08
▼ miss
(-161.4%)
- Revenue $49.1M, down from $68.0M; net loss $21.8M ($1.78/sh) vs $10.1M ($1.13/sh).
- Adjusted EBITDA $4.4M, up $4.3M from prior year; direct operating margin 61% vs 47%.
- SG&A decreased $8.9M; working capital improved to positive $1.5M from negative $7.8M.
- Recorded $14.0M non-cash goodwill impairment; repurchased 184k shares through June 30.
- Terrifier 3 set for October 11, 2024; East West Bank credit line expanded to $7.5M.