CNVS
Cineverse Corp.
CNVS has lower modeled downside risk, despite its lower overall score.
RDDT
Reddit, Inc.
RDDT has the edge over CNVS overall, supported by stronger fundamentals and stronger modeled upside.
CNVS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
CNVS's revenue and balance sheet are currently healthy, but its profitability and cash flow are weak.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
CNVS PE Valuation
CNVS has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 26x next year's earnings.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
CNVS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CNVS to return to profit, with revenue growing. However, they disagree widely on these estimates.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for RDDT, with profitability improving. However, they disagree widely on these estimates.
CNVS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.07 | — |
| Q2 2026 | -$0.56 | -473% |
| Q1 2026 | -$0.49 | -406% |
| Q4 2025 | -$0.46 | +$0.64 |
| Q3 2025 | -$0.07 | +$1.59 |
| Q2 2025 | $0.15 | +$1.76 |
| Q1 2025 | $0.16 | +$1.94 |
| Q4 2022 | -$0.97 | -$0.53 |
| Q3 2022 | -$1.57 | +$0.27 |
RDDT has the stronger earnings trend. Trailing diluted EPS is down 473% for CNVS versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
CNVS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $30.6M | +175% |
| Q1 2026 | $26M | +67% |
| Q4 2025 | $16.3M | -60% |
| Q3 2025 | $12.4M | -3% |
| Q2 2025 | $11.1M | +22% |
| Q1 2025 | $15.6M | +58% |
| Q4 2024 | $40.7M | +207% |
| Q3 2024 | $12.7M | -2.1% |
CNVS's revenue is recovering but still below its 2024 peak: $31M last quarter, up 175% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -17% | +17 points |
| Q1 2026 | -21% | -34 points |
| Q4 2025 | -4% | -27 points |
| Q3 2025 | -44% | -37 points |
| Q2 2025 | -33% | -2.8 points |
| Q1 2025 | 14% | +156 points |
| Q4 2024 | 23% | +20 points |
| Q3 2024 | -6.8% | -11 points |
CNVS's operating margin was −17% last quarter, up 17 points from the same quarter a year ago.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over CNVS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over CNVS on profitability, with a higher operating margin.
CNVS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$994K | +$13.5M |
| Q1 2026 | -$3.2M | -126% |
| Q4 2025 | -$1.6M | -122% |
| Q3 2025 | -$7.2M | -$6.5M |
| Q2 2025 | -$14.5M | -$12.8M |
| Q4 2024 | $7.4M | +$10.5M |
| Q3 2024 | -$667K | +$2.2M |
| Q2 2024 | -$1.7M | +$1.5M |
CNVS has burned cash in most quarters: −$13M over the past year, against $5M the year before.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over CNVS on cash generation, producing positive trailing cash flow while its opponent burns cash.
CNVS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +10% | +1.9M shares |
| 1 year | +22% | +3.7M shares |
| 3 years | +134% | +11.8M shares |
| 5 years | +338% | +16M shares |
CNVS has 21M diluted shares, up 22% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $27,000 |
| Q2 2024 | $188,000 |
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over CNVS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
CNVS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | -1.2x | Net Cash |
| Q3 2023 | -1.6x | Net Cash |
| Q1 2022 | -3.2x | Net Cash |
| Q2 2021 | -0.0x | Net Cash |
| Q1 2021 | 0.0x | Very low |
| Q3 2020 | 58.8x | High |
CNVS's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has more cash than debt.
CNVS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.4 | Neutral |
| Stochastic | 12.0 | Oversold |
CNVS's weekly RSI is 40 (neutral) and its Stochastic is 12 (oversold).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
CNVS PE vs Communication Services Sector
| Metric | CNVS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
CNVS has no meaningful PE right now: it lost money over the past year.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
CNVS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.72 | 5.2% above |
| 20 week MA | $2.19 | 17% below |
| 50 week MA | $2.36 | 23% below |
| 100 week MA | $3.09 | 41% below |
| 200 week MA | $3.00 | 40% below |
CNVS has stronger trend alignment. CNVS is above 1 of 5 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
CNVS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $12.8 | -7.2% |
| 2021 | $12.8 | $25.4 | +98% |
| 2022 | $25.4 | $8.40 | -67% |
| 2023 | $8.40 | $1.35 | -84% |
| 2024 | $1.35 | $3.99 | +196% |
| 2025 | $3.99 | $2.15 | -46% |
| 2026 YTD | $2.15 | $1.81 | -16% |
CNVS has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.