Cineverse Corp.

Cineverse outlined over $13 million in annual cost savings while reaffirming fiscal 2027 guidance of $115 million to $120 million in revenue and $10 million to $20 million in adjusted EBITDA. First-quarter revenue rose 175% to $30.6 million, driven by the Giant Worldwide and IndiCue acquisitions, with technology revenues representing more than 60% of the consolidated total. The company posted adjusted EBITDA of $0.5 million and a net loss attributable to common stockholders of $5.8 million. Management said the savings include a $1.8 million reduction in force completed after the quarter and approximately $2.7 million in annualized engineering, sales and marketing costs from consolidating products into Matchpoint, with most benefits expected by the third and fourth fiscal quarters.

Cineverse reported fourth quarter fiscal 2026 revenue of $26 million, a 67% increase over the prior year period, driven by $11.6 million in partial-quarter contributions from its acquisitions of Giant Worldwide and IndiCue. Net income attributable to stockholders was $1.1 million, up 51%, aided by a $4.3 million bargain purchase gain on the Giant acquisition and a $2.9 million income tax benefit from the IndiCue deal. The company reaffirmed its fiscal 2027 guidance of $115 million to $120 million in revenue and $10 million to $20 million in adjusted EBITDA, with over 50% of revenue expected to come from technology platforms. Streaming viewers grew 66% to 129.6 million and minutes streamed rose 58% to 4.4 billion, while SVOD subscribers increased 13% to 1.52 million. Management highlighted a $10 million annualized cost reduction program and the integration of Matchpoint, Giant, and IndiCue into a unified AI-driven content supply chain and monetization engine.