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 Corp.Cineverse outlines $13M annual cost savings and reaffirms FY2027 guidance, with Q1 revenue up 175%.
