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Cineverse (CNVS)
NASDAQ:CNVS
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.37Last Year’s EPS
-$0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 35.38%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented strong revenue growth and significant achievements with the Terrifier 3 movie, showcasing effective cost management and expansion in streaming and podcast services. However, there are some concerns regarding cash flow and dependence on the Terrifier franchise for future profitability.Company Guidance
In the second quarter of fiscal 2025, Cineverse reported a remarkable performance, showcasing significant growth across multiple financial metrics. The company achieved a 20% year-over-year increase in revenues, rising to $12.7 million, excluding nonrecurring revenues from its legacy Digital Cinema business. Furthermore, revenues surged by 40% compared to the previous quarter. Cineverse exceeded its operating margin target with a 51% margin and successfully reduced SG&A expenses by 7%, amounting to $6.4 million this quarter. The company generated a positive adjusted EBITDA of over $500,000 and maintained a strong cash position with $2.4 million in cash and cash equivalents. Additionally, Cineverse's podcast network continued to expand, reaching 15 million downloads in October, and its FAST channels streamed over 2.32 billion minutes, reflecting a 40% increase from the prior year. These achievements underscore the company's strategic focus on cost optimization, content licensing, and expanding its digital and streaming businesses.Revenue Growth
Cineverse reported a 20% increase in revenues compared to the same quarter last year, excluding the impact of the legacy Digital Cinema business, and a 40% increase compared to the previous quarter.
Terrifier 3 Success
Terrifier 3 opened to #1 at the domestic box office with almost $19 million in ticket sales and has recorded more than $54 million at the domestic box office, becoming the #1 performing unrated film of all time.
Margin and Profitability
Cineverse exceeded its operating margin goal with a margin of 51% and generated positive adjusted EBITDA of more than $500,000.
Streaming and Podcast Growth
Streaming subscribers grew by 13% over the prior year quarter, while the podcast network reached 15 million downloads and listens, placing it among the top 10 largest podcast networks globally.
Successful Cost Reduction
SG&A expenses decreased by 7% compared to the prior year quarter, with annualized savings of $11.4 million over the last 6 quarters.
Direct Ad Sales Increase
Ad sales booked revenue increased by over 60% compared to Q1, with new major clients including Paramount, Lionsgate, Disney, and Sony Pictures.
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CNVS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNVS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $2.60 | $3.20 | +23.08% |
| Aug 14, 2024 | $0.81 | $0.81 | 0.00% |
| Jul 01, 2024 | $0.90 | $0.79 | -12.22% |
| Feb 14, 2024 | $2.35 | $1.65 | -29.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cineverse (CNVS) report earnings?
Cineverse (CNVS) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Cineverse (CNVS) earnings time?
Cineverse (CNVS) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNVS EPS forecast?
CNVS EPS forecast for the fiscal quarter 2025 (Q3) is $0.37.
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