Cineverse reports sharply higher Q4 revenue, positive net income, and reaffirmed fiscal 2027 guidance.
Stock Earnings Results
June 26, 2026
Table of Contents
June 26, 2026
Cineverse Corp. (NASDAQ: CNVS) reported fourth-quarter and fiscal-year 2026 results with sharply higher quarterly revenue, positive Q4 net income, and reaffirmed fiscal 2027 guidance, supported by the acquisitions of Giant Worldwide and IndiCue.
Cineverse is an entertainment technology company focused on streaming, podcasting, content distribution, advertising technology, and media services through platforms including Matchpoint.
The company reported EPS of $0.05, beating market expectations by $0.17. Fourth-quarter revenue came in at $26.0 million, up 67% from $15.6 million in the prior-year quarter.
Fourth-quarter revenue increased 67% to $26.0 million.
Growth was driven by $11.6 million in advertising technology and media services revenue from the acquisitions of Giant Worldwide and IndiCue, which closed during the quarter.
Cineverse also reported continued performance across its base streaming, technology, and content businesses, with streaming viewers and minutes streamed both increasing more than 50% from the prior-year quarter.
Net income attributable to common stockholders was $1.1 million, or $0.05 per share, compared with $0.8 million, or $0.04 per share, a year earlier.
Total net income was $1.3 million, up 49% from the prior-year quarter.
Adjusted EBITDA was $0.1 million, down from $4.0 million a year earlier, reflecting acquisition integration, M&A execution, and marketing investments that management expects to reduce as integration work is completed.
For fiscal 2026, total revenue was $65.7 million, down 16% from $78.2 million in fiscal 2025.
The decline mainly reflected a difficult comparison against the prior-year contribution from Terrifier 3, which Cineverse described as the most successful unrated film release of all time.
Net loss attributable to common stockholders was $9.2 million, or $0.49 per diluted share, compared with net income of $3.2 million, or $0.16 per diluted share, in fiscal 2025.
Adjusted EBITDA was a loss of $3.4 million, compared with positive adjusted EBITDA of $13.9 million in the prior year.
Cineverse reaffirmed fiscal 2027 guidance for revenue of $115 million to $120 million and adjusted EBITDA of $10 million to $20 million.
The company expects Giant and IndiCue to contribute more than $50 million of revenue in fiscal 2027, with much of that revenue tied to recurring service relationships with major Hollywood studio and streaming platform clients.
Technology platforms are expected to represent more than 50% of total fiscal 2027 revenue, reflecting Cineverse’s shift toward scalable advertising technology, media services, and infrastructure-driven revenue.
Cineverse also said it completed about $2.0 million of annualized SG&A cost reductions by March 2026 as part of a planned $7.5 million cost reduction program. The company expects to realize most of the remaining $5.5 million by the end of the second quarter of fiscal 2027.
Management also expects about $2.5 million of additional annualized cost synergies from integrating Giant’s services into the Matchpoint platform.
Cineverse’s quarter showed a major business mix shift.
The company’s legacy content business faced a tough comparison after Terrifier 3, but the fourth quarter showed how Giant and IndiCue could reshape the revenue base. Revenue jumped, the company returned to quarterly profitability, and management reaffirmed a much higher fiscal 2027 outlook.
The key question is execution. Cineverse now needs to integrate its acquisitions, reduce costs, and prove that its technology and media services businesses can deliver more durable revenue and stronger adjusted EBITDA.
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