Cineverse reports FY 2023 revenue $68M (+21%), net loss $(10.1)M; issues FY 2024 EBITDA guidance $2-4M

Cineverse Corp.

Full-year revenue $68.0M (+21.4% YoY); Streaming revenue $32.2M (+58.5%); Content & Entertainment $56.0M (+47.7%).
Net loss $(10.1)M ($(1.13)/diluted share) vs prior-year net income $1.8M ($0.20).
Q4 FY2023 rev $12.5M (down from $16.9M); net loss $(3.2)M ($(0.35)/share).
FY2024 guidance: rev $62-70M (95%+ C&E), gross margin 45-50%, adjusted EBITDA $2-4M vs $(8.6)M loss.
Record 3.0B streaming minutes; subscribers 1.24M (+28%); Screambox subs up 438% YoY.

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