Transformative acquisitions of IndiCue and Giant Worldwide complete Cineverse's evolution into an AI-driven, fully integrated entertainment technology company and studio, contributing $11.6 million of revenue in their first partial quarter and unlocking durable, recurring revenue streams
Fourth Quarter Revenue of $26.0 Million, a $10.4 Million or 67% Increase Over the Prior Year Quarter
Fourth Quarter Net Income Attributable to Common Stockholders of $1.1 Million, a 51% Increase Over the Prior Year Quarter
Targeted Annualized Cost Reductions and Synergies Increased to Approximately $10 Million; $2 Million Completed by March 2026.
Cineverse Reaffirms Fiscal Year 2027 (Began on April 1, 2026) Guidance of $115 to $120 Million of Revenue — Approximately 75% to 83% Growth — and $10 to $20 Million of Adjusted EBITDA, with Technology Platforms Expected to Represent More Than 50% of Total Revenue
LOS ANGELES, June 26, 2026 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for its fiscal fourth quarter ("Q4 FY 2026") and full year ended March 31, 2026 ("FY 2026"):
Fourth Quarter 2026 Highlights
(All comparisons are to the prior year fiscal quarter ended March 31, 2025, or "Q4 FY 2025")
Total revenue increased 67% to $26.0 million from $15.6 million in Q4 FY 2025, driven by $11.6 million in advertising technology and media services revenue resulting from the acquisitions of Giant Worldwide ("Giant") and IndiCue, Inc. ("IndiCue") (together, the "Acquisitions") in their first partial quarter, alongside continued solid performance across the Company's base streaming, technology, and content businesses, highlighted by the more than 50% growth in both streaming viewers and minutes streamed compared to Q4 FY 2025. The Acquisitions closed on January 7, 2026 and February 12, 2026, respectively, leading to the recognition of the partial results during the quarter. Our next reported quarter will recognize full quarterly results for both the acquired entities.
Net income attributable to common stockholders of $1.1 million, or $0.05 per share, compared to $0.8 million, or $0.04 per share, in Q4 FY 2025, including a $4.3 million non-cash bargain purchase gain from the Giant acquisition and a $2.9 million income tax benefit primarily related to the IndiCue acquisition. Total net income was $1.3 million, a 49% increase versus the prior year period.
Adjusted EBITDA of $0.1 million(1), compared to $4.0 million in Q4 FY 2025, reflecting deliberate investment in M&A execution, acquisition integration and marketing during the quarter — costs the Company expects to substantially reduce as acquisition integration is completed;
Direct operating margin of 40% compared to 55% in Q4 FY 2025, reflecting the integration of the Acquisitions and partially indicative of the go-forward margin profile of the combined, more diversified business;
Closed two strategic acquisitions in a single quarter: connected TV monetization platform IndiCue and media services provider Giant Worldwide, now a Matchpoint™ company, vertically expanding Cineverse into advertising technology and media services;
Completed approximately $2.0 million in annualized SG&A cost reductions by March 2026, the first step in the Company's previously announced $7.5 million cost reduction program, with the vast majority of the remaining $5.5 million expected to be realized by the end of the second quarter of fiscal 2027.