Q4 2026 Cineverse Corp Earnings Call Transcript
Key Points
- Cineverse Corp (CNVS) reported a strong fiscal fourth quarter with consolidated revenues of $26 million, up 67% over the prior year period.
- The company successfully completed the acquisitions of Giant Worldwide and IndiCue, contributing $11.6 million to the quarter's revenue.
- Net income attributable to stockholders increased by 51% to $1.1 million, driven by a $4.3 million bargain purchase gain and a $2.9 million income tax benefit.
- Cineverse Corp (CNVS) reaffirmed its fiscal 2027 guidance of $115 million to $120 million in consolidated revenue and $10 million to $20 million in adjusted EBITDA.
- The company's strategic shift to a technology-first, AI-driven entertainment company is expected to create significant shareholder value through durable, recurring revenue streams.
- Adjusted EBITDA for the quarter decreased to $0.1 million, down from $2.4 million in the previous quarter.
- Direct operating margin for the quarter was 40%, a decline from 69% in the previous quarter.
- The company ended the quarter with negative net working capital of $12.2 million, including deferred consideration from the IndiCue acquisition.
- There is a significant level of investment required in the microdrama space, leading Cineverse Corp (CNVS) to step back from direct involvement.
- The ad market faced challenges with temporary depression in CPMs and fill rates due to increased competition and inventory.
Hello, everyone. Thank you for joining us, and welcome to Cineverse fourth quarter and fiscal year 2026 earnings conference call. (Operator Instructions)
I will now hand the conference over to Gary Loffredo, Chief Legal Officer, Secretary, and Senior Adviser. Gary, please go ahead.
Good morning, everyone. Thank you for joining us for the Cineverse fourth quarter and fiscal year 2026 financial results conference call. The press release announcing Cineverse's results for the fiscal fourth quarter ended March 31, 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
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