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LOS ANGELES - Streaming technology and entertainment company Cineverse Corp. (NASDAQ:CNVS), whose stock has surged over 550% in the past year and is trading near its 52-week high of $5.31, has been added to several FTSE Russell indexes as part of the annual reconstitution, according to a press release statement issued Wednesday.
The company has been included in the Russell 3000E Index, Russell 3000E Growth Index, Russell 3000E Value Index, Russell Microcap Index, Russell Microcap Growth Index, and Russell Microcap Value Index, with effective dates of June 29 and June 30, 2025.
This inclusion is expected to increase Cineverse’s visibility among institutional investors and index-tracking funds. The Russell indexes are widely used as benchmarks for both passive and active investment strategies.
"We’re honored to be included in multiple Russell indexes this year, including both growth and value segments," said Chris McGurk, Chairman and CEO of Cineverse.
Cineverse distributes more than 71,000 premium films, series, and podcasts through its streaming platforms. The company utilizes proprietary streaming tools and AI technology in its content distribution operations.
FTSE Russell, wholly owned by London Stock Exchange Group, calculates thousands of indexes that measure and benchmark markets and asset classes globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes, according to the release.
The Russell indexes are reconstituted annually to ensure they accurately reflect the current state of equity markets and their segments.
In other recent news, Cineverse Corp reported a strong fourth quarter for 2025, with total revenue reaching $15.6 million, marking a 58% increase compared to the previous year. The company also achieved a net income of $858,000 for the quarter and $3.8 million for the full year. Additionally, Cineverse’s full-year revenue rose by 59% to $78.2 million, while adjusted EBITDA for the year was $13.9 million, reflecting a 216% increase. The company has been expanding its strategic initiatives, including the launch of new streaming channels and AI technologies, which contributed to its robust financial performance. Cineverse is also reorganizing its technology and entertainment content businesses to focus on growth and efficiency, with plans to release several films, including "Toxic Avenger" and "Return to Silent Hill." The company aims to leverage its proprietary streaming, content management, and AI technology to capture further growth opportunities. Analyst discussions during the earnings call highlighted the company’s commitment to maintaining strong operating margins and exploring potential deals with streaming platforms.
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