TECH ACQUISITIONS - Revenue growth was mainly driven by new streams from recently acquired advertising technology and media services businesses
AUTOMATION & INTEGRATION - Transition to automated workflows and integration of acquired companies improved efficiency and increased capacity
STREAMING ENGAGEMENT - Company delivered its most-watched streaming quarter, with 4.5 bln minutes streamed, up 33% yr/yr
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Cineverse Corp is $10.50, about 262.1% above its August 12 closing price of $2.90
Q1 revenue and earnings improve
US streaming tech firm's fiscal Q1 revenue jumped 175% yr/yr on tech acquisition gains
Adjusted EBITDA turned positive, rising $2.6 mln to $0.5 mln yr/yr
Q1 revenue was $30.60 mln, topping the consensus estimate of $25.67 mln from two analysts
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