{"id":864542,"date":"2025-06-27T08:06:21","date_gmt":"2025-06-27T12:06:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cineverse-reports-fourth-quarter-and-fiscal-year-2025-results\/"},"modified":"2025-06-27T08:06:21","modified_gmt":"2025-06-27T12:06:21","slug":"cineverse-reports-fourth-quarter-and-fiscal-year-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cineverse-reports-fourth-quarter-and-fiscal-year-2025-results\/","title":{"rendered":"Cineverse Reports Fourth Quarter and Fiscal Year 2025 Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Total Revenue of $15.6 Million<\/span>, a $5.7 Million<\/span> or 58% Increase over Prior Year Quarter
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\n Net income of $0.9 Million<\/span>, a $15.5 Million<\/span> Increase over Prior Year Quarter
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\n Adjusted EBITDA of $4.0 Million<\/span>, a $2.4 Million<\/span> or 158% Increase over Prior Year Quarter
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\n Total Fourth Quarter Direct Operating Margin of 55%<\/b>\n <\/p>\n

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\n LOS ANGELES<\/span>
\n <\/span>, June 27, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Cineverse Corp. (“Cineverse” or the “Company”)<\/b> (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for its fourth quarter (“Q4 FY 2025”) and fiscal year ended March 31, 2025<\/span> (“FY 2025”).\u00a0<\/p>\n

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\n \"Courtesy
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The Company’s financial results for the quarter and fiscal year reflect increases in revenue, direct operating margin, and net income when compared to the prior year quarter and fiscal year\u00a0reflecting growth across all of the Company’s key lines of business and the continued ancillary revenue contribution of Terrifier 3<\/b>, the Company’s breakout horror film success, which was the biggest unrated film release of all time.<\/p>\n

Based on our ability to achieve outstanding box office results with Terrifier 3<\/b> by utilizing our unique ecosystem of new media assets to spend a fraction of what other studios would have spent to promote and market the movie, we continue to build a slate of additional wide release films that we believe can provide a strong and ongoing source of profits for the Company. We have already announced that we are releasing The Toxic Avenger<\/b>, produced by major studio Legendary Films (Dune, Godzilla x Kong, etc.) on August 29, 2025<\/span>, and then Silent Night, Deadly Night<\/b>, a re-interpretation of the classic controversial horror film, on December 12, 2025<\/span>. Next will be Return to Silent Hill<\/b>, the latest film installment of the enormously successful video game franchise, on January 23, 2026<\/span>. We will also be releasing Wolf Creek<\/span>: Legacy<\/b>, the third installment of the classic Australian Outback horror\/thriller film, in 2026. In addition, based on the results of Terrifier 2<\/b> and Terrifier 3<\/b>, other major studios continue to utilize our new media ecosystem to market their releases, emphasizing the impact our unique and innovative marketing approach has had on the industry.<\/p>\n

The Company continues to be in a strong financial position with almost $14 million<\/span> in cash-on-hand as of quarter end and no debt outstanding, having a zero draw on our current $12.5 million<\/span> line of credit with East West Bank<\/span>. We have multiple alternatives to further expand our credit if necessary, and have no plans at this time to issue equity to fund our current operations.<\/p>\n

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\n FY 2025 Financial Highlights<\/u>
\n <\/b>\u00a0(all comparisons are to the prior year ended March 31, 2024<\/span>, or FY 2024)<\/i>: <\/b><\/p>\n

Full-year consolidated revenue was $78.2 million<\/span> versus $49.1 million<\/span> in FY 2024, a 59% increase primarily driven by the theatrical and ancillary revenues generated from our low budget horror phenomenon Terrifier 3,<\/b> as well as growth in our streaming, digital and podcast businesses.<\/p>\n