$CNVSJun 26, 2026, 12:10 PMAI processed
Cineverse (CNVS) Q4 revenue +67% to $26M as Giant and IndiCue add $11.6M; reaffirms FY27 $115–120M guidance
AI Summary
Cineverse (CNVS) reported Q4 FY2026 revenue of $26.0M, up 67% YoY, driven by $11.6M in advertising technology and media services revenue from newly closed acquisitions IndiCue and Giant Worldwide; Q4 net income attributable to common was $1.1M (including a $4.3M non‑cash bargain purchase gain) and Adjusted EBITDA was roughly $0.1M as M&A integration and marketing weighed on margins. Full‑year revenue fell 16% to $65.7M and the company posted a FY net loss of $(9.2)M (Adjusted EBITDA $(3.4)M), but management reaffirmed fiscal 2027 guidance of $115–120M revenue and $10–20M Adjusted EBITDA, expects the acquisitions to contribute >$50M in FY27, and targets about $10M of annualized cost reductions/synergies.
Positives
- Q4 revenue grew 67% YoY to $26.0M, with $11.6M contributed by IndiCue and Giant in their first partial quarter
- Closed two strategic acquisitions (IndiCue and Giant) that expand Cineverse into ad‑tech and media services and are expected to contribute >$50M in FY2027 revenue
- Reaffirmed FY2027 guidance of $115–120M revenue and $10–20M Adjusted EBITDA and expects ~ $10M of annualized cost reductions/synergies
Negatives
- Full‑year FY2026 revenue declined 16% to $65.7M versus FY2025 (Terrifier 3 comparison)
- FY2026 net loss attributable to common stockholders of $(9.2)M and Adjusted EBITDA of $(3.4)M
- Cash and liquidity tight: $3.4M cash with $9.4M drawn on a $12.5M credit line and a reported working capital deficit of $(12.2)M