---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-063787"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:13:37.919587+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cineverse Q2 FY2024: Revenue $13M, EBITDA $2.4M, operating margin 64% vs 42%

## Summary
- Total revenue $13.0M vs $14.0M prior year; subscription revenue up 52% to $3.5M; paid subscribers up 32% to 1.24M.
- Operating expenses down 34% to $12.4M; SG&A down 29%; net loss narrowed to $(0.4)M from $(5.8)M.
- Adjusted EBITDA increased to $2.4M from loss of $(1.3)M; operating profit positive at $0.6M vs loss of $(4.7)M.
- Cash $8.6M; digital content library appraised at $26-30M vs book value $2.8M; equity $45.9M.
- Launched India offshore unit targeting $8M annual cost savings; expanded Matchpoint PaaS and AI partnerships.

## SEC filing metadata
- accession: 0000950170-23-063787
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/0000950170-23-063787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/cnvs-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-063787
- JSON: https://secwatch.observer/filing/0000950170-23-063787.json
- Plain text: https://secwatch.observer/filing/0000950170-23-063787.txt

## Key facts
- Earnings Releases
  Cineverse Corp. reported the fiscal second quarter ended September 30, 2023 results: revenue $13.0 million, net income $(0.4) million, or $(0.04) per share.
  - Period: the fiscal second quarter ended September 30, 2023
  - Revenue: $13.0 million
  - Net income: $(0.4) million, or $(0.04) per share
  - Result: reported results
  source text: any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Cineverse Reports Second Quarter Fiscal Year 2024 Results Total Revenue of $13.0 Million Total Direct Operating Margin Increased to 64% from 42% Recurring Direct Operating Margin Increased to 56% from 30% Operating Expenses Decreased by $6.3 Million, or 34% Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023063787/0000950170-23-063787-index.htm

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