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Benzinga

Business

Phil Hall

Cinedigm Records 42% YoY Revenue Rise In Latest Quarterly Earnings

Cinedigm Los Angeles

The streaming and entertainment company Cinedigm Corp. (NASDAQ:CIDM) recorded a 42% year-over-year increase in its quarterly revenue, according to the Los Angeles-based company’s fiscal third-quarter earnings data.

What Happened: Cinedigm reported $14.1 million in third-quarter revenue, compared to $9.9 million from one year earlier. The company attributed this growth to the launch of new streaming channels — the revenue stream for this aspect of operations spiked by 104% year-over-year, a company record.

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