- Cinedigm press release ( NASDAQ: CIDM ): Q1 GAAP EPS of -$0.03 in-line.
- Revenue of $13.59M (-9.4% Y/Y) beats by $2.04M .
- The rollout of Cineverse, Cinedigm's flagship streaming service which exemplifies the Company's long-term channel strategy, will contribute a new ad-supported revenue driver as well as consolidated access and cross-promotion of all the Company's streaming properties and content library.
- The aggressive expansion of Cinedigm's high-margin Podcast Network, with a goal of more than 100 podcasts under distribution and 50 million monthly downloads within 24 months.
- The launch of the Company's direct ad sales initiative, Cinedigm Advertising Solutions, which enables the Company to capture even more of the upside in the still exploding ad-supported streaming business.
- The rollout of the Company's next generation of Matchpoint will provide Cinedigm with increased opportunities to scale streaming distribution via greater automation, provide greater business intelligence and timely financial insights. It will create greater revenue opportunities via SaaS sales and allow us to establish a new line of business for content aggregation.
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Cinedigm GAAP EPS of -$0.03 in-line, revenue of $13.59M beats by $2.04M