CNVSNasdaqServices-Video Tape RentalUS GAAP · USD

Cineverse Corp.

Cineverse Corp. is a U.S.-based streaming technology and entertainment company that combines owned-and-operated enthusiast streaming channels, content distribution, and a proprietary OTT software platform. It has evolved from digital cinema and physical media distribution into a business centered on streaming monetization, content licensing, and platform services through Matchpoint™.

Kysy yhtiöstä
Liikevaihto65,7milj. USD
−15,9 %v/v
Liikevoitto (EBIT)−15,2milj. USD
−291,3 %v/v
EBIT-marginaali−23,1%
−33,2 %-yks.v/v
Nettotulos−8,7milj. USD
−330,0 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−20020406080milj. USD2021: 31 milj. USD2021: EBIT −13 milj. USD20212022: 56 milj. USD2022: EBIT −0,93 milj. USD20222023: 68 milj. USD2023: EBIT −8,9 milj. USD20232024: 49 milj. USD2024: EBIT −16 milj. USD20242025: 78 milj. USD2025: EBIT 7,9 milj. USD20252026: 66 milj. USD2026: EBIT −15 milj. USD202666−15
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Streaming channels76 %

Owned and operated niche streaming channels serving enthusiast audiences across multiple genres.

Base distribution37 %

Theatrical and digital distribution of feature films and television programs for third-party and owned content.

Podcast and other6 %

Podcast advertising and other adjacent digital media revenue streams.

Other non-recurring0 %

Legacy and non-core revenue, including wind-down activity from the digital cinema business.

Tuotteet

Raportoitu · osuus liikevaihdosta
61,2%14,5%12,1%FY2026100 %
  • OTT Streamingand Digital61,2 %
  • Base Distribution14,5 %
  • Advertising Technology and Services12,1 %
  • Podcast and Other6,7 %
  • Media Service5,6 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Cineverse sells to content owners, studios, producers, and brands that need distribution, monetization, and platform reach across streaming and physical formats. It also serves end viewers directly through its own channels and indirectly through major platforms such as Amazon, Apple, Netflix, Hulu, Pluto, Tubi, Roku, Samsung, and YouTube TV. The company’s customer base is concentrated in enthusiast content niches, where it monetizes audiences through subscriptions, advertising, licensing, and transaction-based releases.

Content owners and licensors

Studios, producers, and rights holders that license film and TV content for streaming, theatrical, or digital distribution.

Streaming viewers

Consumers who watch Cineverse-owned channels and content on direct-to-consumer and third-party platforms.

Platform distributors

Major app stores, connected TV platforms, and aggregators that distribute Cineverse channels and content.

Advertisers and sponsors

Brands and media buyers purchasing ad inventory across FAST channels, podcasts, and digital media.

Physical media buyers

Consumers and retail channels that still purchase DVD and Blu-ray releases for select titles.

Strategia

Cineverse is focused on scaling its streaming channels, expanding Matchpoint™ adoption, and deepening distribution across major connected TV and OTT platforms. It is also using acquisitions to add premium content libraries and channels, while centralizing operations to improve economics and speed up integration. The strategy is to grow audience reach, increase monetization across AVOD/SVOD/FAST, and reduce dependence on legacy businesses.

Scale streaming channels and audience reachLyhyt aikaväli

Larger viewership improves ad inventory, subscription conversion, and platform leverage.

Expand Matchpoint™ platform adoptionKeskipitkä aikaväli

Software-based distribution and automation can improve margins and support third-party clients.

Acquire content and channel assetsKeskipitkä aikaväli

Acquisitions can add libraries, rights, and monetizable audiences faster than organic buildout.

Broaden platform and device distributionLyhyt aikaväli

Wider carriage increases reach, reduces dependence on any single platform, and supports monetization.

Maantiede

Cineverse is headquartered in the United States and its business is primarily tied to U.S.-based platform partners, advertisers, and content buyers, while its distribution footprint is global through digital platforms. The company explicitly describes itself as a global aggregator and distributor, with content reaching audiences across major connected TV and OTT ecosystems. Its exposure is therefore less about owned physical operations by country and more about where content is licensed, streamed, and monetized.

Riskit

Cineverse is exposed to volatile content demand, platform dependence, and the economics of ad-supported and subscription streaming. Its business also carries execution risk from acquisitions, technology uptime, and the decline of legacy physical media and digital cinema revenue. Financially, the company remains loss-making with liquidity pressure, so access to capital and successful monetization of content are important to sustain operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Unpredictable content performance1Liquidity and financing risk2Platform and cloud dependency3Acquisition integration risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Unpredictable content performanceVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue depends on whether films, channels, and releases attract audiences and advertisers.

    KohdistuuStreaming channelsTheatrical releasesLicensing
  2. Liquidity and financing riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company has accumulated deficits, negative working capital, and ongoing operating losses.

    KohdistuuDebt capacityEquity dilutionContent investment
  3. Platform and cloud dependencyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on AWS, GCP, content delivery networks, and major app platforms.

    KohdistuuService uptimeUser retentionDistribution reach
  4. Acquisition integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Growth strategy depends on integrating acquired libraries, channels, and technologies efficiently.

    KohdistuuM&A executionCost synergiesSystems integration
  5. Legacy business declineVaikutus: Keskitaso

    Physical media and digital cinema activities are shrinking and may no longer contribute meaningfully.

    KohdistuuDVD/Blu-rayLegacy digital cinema

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Different revenue streams are recognized at different points in time, affecting quarterly comparability.

Vaikutus: Streaming, physical goods, and theatrical distribution

Sales return reserves

Physical media revenue is reduced by estimated returns and allowances based on historical experience.

Vaikutus: DVD and Blu-ray revenue

Gross versus net presentation

Management must determine whether it controls the service before recording revenue gross or net.

Vaikutus: Reported revenue and direct operating expenses

Goodwill impairment

Acquisitions create goodwill that must be tested against future cash flow expectations.

Vaikutus: Potential non-cash impairment charges

Content advances and minimum guarantees

Advances to content partners affect working capital and the timing of expense recognition.

Vaikutus: Liquidity and content asset balances

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Päivitetty: 24.9.2026