Cineverse Corp. operates as a dynamic streaming technology and entertainment enterprise. Leveraging its proprietary, in-house technology platform, the company owns and manages ...
Cineverse Corp. is a global streaming technology and entertainment company that has transformed from a digital cinema equipment and physical content distributor into a leading independent streaming and CTV advertising platform. The company owns and operates one of the world's largest portfolios of streaming channels, offering over 66,000 titles across ...Cineverse Corp. is a global streaming technology and entertainment company that has transformed from a digital cinema equipment and physical content distributor into a leading independent streaming and CTV advertising platform. The company owns and operates one of the world's largest portfolios of streaming channels, offering over 66,000 titles across premium films, series, and podcasts. Its business segments include Cinema Equipment and Content and Streaming, with a focus on proprietary technology such as AI-powered search and smart advertising solutions. Cineverse generates revenue through subscription video on demand (SVOD), ad-supported video on demand (AVOD), and free ad-supported streaming television (FAST) channels. As of the latest TTM, the company reported revenue of approximately $65.7 million, with a gross profit margin of 49.5%, though it has incurred net losses, with a net profit margin of -13.4%. Key financial metrics include a market cap of $64.9 million, an enterprise value of $83.9 million, and a price-to-sales ratio of 0.99. The company employs 213 full-time employees and is led by Chairman and CEO Christopher J. McGurk, who has been in role since 2011. Cineverse leverages its in-house technology to distribute content globally, aiming to capitalize on the growing streaming and connected TV (CTV) advertising market. Despite current losses, the company is focused on scaling its platform and achieving profitability through AI-driven innovations and strategic content acquisitions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$65.7M
-15.9%
+17.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-8.8M
-345.3%
-559.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+44.3%
-12.2%
-14.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-19.1%
-288.7%
+20.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-13.4%
-391.7%
-490.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-30.9M
-290.0%
+76.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-46.9%
-325.9%
+80.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
50.5%
+4135.8%
0.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.81x
-27.1%
0.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us. And welcome to the Cineverse First Quarter Fiscal Year 27 Earnings Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Gary Lofredo, chief legal officer, secretary, and senior adviser. Gary, please go ahead.
Gary S. Loffredo: Good afternoon, everyone. Thank you for joining us for the Cineverse first quarter fiscal year 27 financial results conference call. The press release announcing Cineverse's results for the fiscal first quarter ended 06/30/2026 is available at the Investors section of the company's website at www.cineverse.com. A replay of this broadcast will also be made available on Cineverse's website after the conclusion of this call. Before we begin, I would like to point out that certain statements made on today's call contain forward looking statements. These statements are based on management's current expectations and are subject to risks uncertainties, and assumptions. The company's periodic reports that are filed with the SEC describe potential risks and uncertainties that could cause the company's business and financial results to differ materially from these forward looking statements. All of the information discussed on this call is as of today, 08/13/2026. And Cineverse does not assume any obligation to update any of these forward looking statements except as required by law. In addition, certain financial information presented in this call represents non GAAP financial measures. And we encourage you to read our disclosures and the reconciliation tables to applicable GAAP measures in our earnings release carefully as you consider these metrics. I am Gary Lofredo, chief legal officer, secretary, and senior adviser at Cineverse. With me today are Christopher McGurk, chairman and CEO. Erick Opeka, president and chief strategy officer Sean McCabe, chief financial officer, Yolanda Macias, chief motion pictures officer, and Mark Torres, chief people officer. All of whom will be available for questions following the prepared remarks. On today's call, Christopher will briefly discuss our first quarter fiscal year 27 business highlights. Then Sean will follow with a review of our financial results and Erick will provide further details on our 2 recent acquisitions. I will now turn the call over to Christopher McGurk to begin.
Christopher J. McGurk: Thank you, Gary, and thanks everyone for joining us on the call today. We registered yet another very strong quarter. Driven by the acquisitions of Giant Worldwide and IndiCue, which both closed during the fourth quarter of fiscal 26, increased total revenues by 175% over last year's first quarter. And increased adjusted EBITDA by $2.6 million, our 2nd positive adjusted EBITDA quarter in a row. We feel this is impressive as we had no new wide release …