- Cinedigm press release ( NASDAQ: CIDM ): Q3 GAAP EPS of $0.03 beats by $0.04 .
- Revenue of $27.09M (+98% Y/Y) beats by $7.66M .
- Shares +14% .
- Total streaming revenue increased 63% to $8.9 million, driven by record increases of 79% in ad-supported revenues and 38% in subscription revenues over the prior year quarter.
- Content and Entertainment revenue of $20.7 million, up 72%, driven by organic user growth, new film performance, increasing market demand for Cinedigm's extensive Connected TV ad inventory, and the impact of new streaming channels versus the prior year.
- Total streaming minutes in the quarter rose to approximately 2.14 billion, up 60% over the prior year quarter.
- Total ad-supported streaming audience, including web, mobile, social and Connected TVs, increased to approximately 82.9 million average monthly viewers, up 151% over the prior year quarter.
- Total subscribers to the Company's subscription video streaming services increased to approximately 1.22 million, representing an increase of 28% over the prior year quarter.
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Cinedigm GAAP EPS of $0.03 beats by $0.04, revenue of $27.09M beats by $7.66M