CNVS Earnings Prediction
The chart below shows how CNVS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNVS sees a -2.22% change in stock price 10 days leading up to the earnings, and a -1.79% change 10 days following the report. On the earnings day itself, the stock moves by +1.19%. This data can give you a slight idea of what to expect for the next quarter's release.
CNVS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
13.28M
-52.39%
2.03%
Gross Margin
51.22%
13.82%
-10.09%
Operating Margin
3.22%
-73.91%
-28.44%
Net Margin
-20.61%
-214.44%
744.67%
EPS
-0.22
-140.00%
450.00%
No Data Available
CNVS Earnings Analysis
Cineverse Corp. Class A Common Stock Corporation (CNVS.O) Earnings Conference Call
Positive
Revenue Comparison Analysis: Cineverse reported total revenues of $13.3 million, which compares to $13.0 million last quarter, and $27.9 million in the prior-year period.
Operating Margin Improvement: We increased our direct operating margin to 59% from 48%.
SG&A Cost Reduction: We decreased our SG&A costs by $2.7 million or 30%.
Subscription Revenue Growth: Subscription-based revenues increased 13% to $3.4 million driven by the continued success of our enthusiast streaming services.
Subscriber Count Growth: Our overall subscriber count has reached approximately 1.4 million subscribers, a growth of 30% year-over-year, and up 11% over the prior quarter.
Negative
Revenue Decline Analysis: Cineverse reported total revenues of $13.3 million, which fell down 36% over the prior quarter that was driven by the expansion and optimization of our enthusiast subscription revenues, but was offset by the lack of a comparable title to Terrifier 2 in the quarter, and then on top of that, our planned portfolio optimization efforts to reduce low margin channels.
Subscriber Growth Surge: Subscription revenues saw an increase of $3.4 million, which is up 13% over the last year. Our overall subscriber count has reached approximately 1.4 million subscribers, a growth of 30% year-over-year, and up 11% over the prior quarter. This was predominantly due to the growth of subscribers during the quarter on Dove and our Colt film service, Midnight Pulp.
Advertising Revenue Decline: Advertising-based revenues dipped to $4.1 million, a decrease of 31%. This decline is in line with comments made by Christian Mark coming from channel portfolio optimization.
December Advertising Trends: We also saw a lighter-than-anticipated December after robust October and November. And we believe this is due to a strategic shift by brands and agencies in open market place for programmatic advertising, with campaigns now ending far earlier in the month than in prior years.
Negative Cash Flow Analysis: During the quarter, our cash flow used in operations was negative $3.1 million, of which $1.9 million was related to investments in our content portfolio via advanced and/or minimum guaranteed payments, the largest being for Terrifier 3. For the last six months, our cash flow used in operations was negative $105,000 when excluding our content portfolio spend, showing just how close we are to being sustainably cash flow positive.
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CNVS Earning Call Sentiment
Cineverse Corp. (CNVS) Q3 2024 Earnings Call Transcript
1.0x
00:00
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CNVS.O
9.95%Positive
The earnings call shows strong financial performance with a 20% revenue increase and positive EBITDA. The strategic focus on horror films and AI initiatives, combined with cost optimization, positions the company well. Despite some regulatory and competitive pressures, the stock repurchase plan and optimistic guidance support a positive outlook. The Q&A reveals confidence in leveraging Terrifier 3 and efficient content licensing, although some ambiguity remains. Overall, the company's growth trajectory and strategic initiatives suggest a positive stock price movement in the near term.