---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-042883"
form_type: "8-K/A"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:13:46.858508+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cineverse Q1 FY2024: revenue $13.0M, streaming record $10.5M, net loss narrows to $3.6M

## Summary
- Revenue $13.0M (down 4.4% YoY); streaming/digital/podcast revenue record $10.5M, up 5.8%.
- Subscription streaming revenue up 44.7% to $3.2M; subscribers 1.21M (+38%).
- Operating loss narrowed 40.7% to $2.7M; net loss $(3.6)M or $(0.37)/share vs $(6.1)M.
- No long-term debt; cash $12.1M; content library appraised $26-30M vs book value $2.9M.
- FY2024 guidance reaffirmed: revenue $62-70M, direct margin 45-50%, adjusted EBITDA $2-4M.

## SEC filing metadata
- accession: 0000950170-23-042883
- form_type: 8-K/A
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017023042883/0000950170-23-042883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017023042883/cnvs-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042883
- JSON: https://secwatch.observer/filing/0000950170-23-042883.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042883.txt

## Key facts
- Earnings Releases
  Cineverse Corp. reported fiscal first quarter ended June 30, 2023 results: revenue $13.0 million, net income $(3.6) million, or $(0.37) per share, EPS $(0.37) per share.
  - Period: fiscal first quarter ended June 30, 2023
  - Revenue: $13.0 million
  - Net income: $(3.6) million, or $(0.37) per share
  - EPS: $(0.37) per share
  - Result: reported results
  source text: for the fiscal first quarter ended June 30, 2023 (“Q1 FY 2024”). Q1 FY 2024 Highlights (all comparisons are to the fiscal quarter ended June 30, 2022): • Total revenues were $13.0 million, compared to $13.6 million, primarily due to a planned wind-down of lower-margin streaming channels to focus resources on higher performing channels and improve margins. o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023042883/0000950170-23-042883-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.