Cineverse Q4 Revenue Up 67% to $26M; Net Income Rises 51%
CNVS•Fourth-quarter revenue rose 67% year-over-year to $26.0 million, including $11.6 million from newly acquired IndiCue and Giant Worldwide, while net income attributable to common stockholders increased 51% to $1.1 million. Cineverse completed $2 million in annualized cost reductions and reaffirmed fiscal 2027 guidance of $115–120 million revenue and $10–20 million adjusted EBITDA.
1. Fourth Quarter Financial Results
Cineverse’s Q4 revenue increased 67% to $26.0 million, driven by core streaming growth and $11.6 million in advertising technology and media services revenue from recent acquisitions. Net income attributable to common stockholders rose 51% to $1.1 million, while adjusted EBITDA was $0.1 million as integration and M&A investments weighed on margins.
2. Strategic Acquisitions and Integration
The company closed its acquisitions of Giant Worldwide on January 7, 2026 and IndiCue on February 12, 2026, recognizing $11.6 million in combined revenue during the first partial quarter. These deals generated a $4.3 million non-cash bargain purchase gain and a $2.9 million income tax benefit, expanding Cineverse into connected TV monetization and media services.
3. Cost Reductions and Synergies
By March 2026, Cineverse realized $2.0 million in annualized SG&A cost savings as the first phase of a $7.5 million reduction program, with the remaining $5.5 million expected by the end of Q2 FY2027. Targeted annualized synergies and cost reductions have risen to approximately $10 million.
4. Fiscal 2027 Guidance
Cineverse reaffirmed its fiscal 2027 guidance of $115–120 million in revenue—representing 75%–83% growth—and $10–20 million of adjusted EBITDA. The company expects technology platforms to account for more than 50% of total revenue in the new fiscal year.
