---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-070180"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:32:03.399354+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cineverse CEO reports 64% operating margin, 283% Adjusted EBITDA surge; plans new channels

## Summary
- Operating margin improved to 64% from 42% YoY in last reported quarter.
- Adjusted EBITDA increased 283% ($3.7M) to $2.4M; total operating costs down 34% ($6.3M).
- SG&A reduced 29% ($2.8M) with 30 position cuts; targeting $8M SG&A reduction.
- Plans to launch 6-8 new streaming channels in early 2024, including GoPro, Dog Whisperer, and Sid & Marty Krofft.
- Announced partnership with Amagi for streaming technology; leveraging India engineering for AI tools.

## SEC filing metadata
- accession: 0000950170-23-070180
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/0000950170-23-070180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/cnvs-20231208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-070180
- JSON: https://secwatch.observer/filing/0000950170-23-070180.json
- Plain text: https://secwatch.observer/filing/0000950170-23-070180.txt

## Key facts
- Shareholder Votes
  Cineverse Corp. shareholders approved To approve an amendment to the Company's 2017 Equity Incentive Plan to increase the total number of shares of Class A Common Stock available for issuance thereunder. at the 2023-12-08 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-12-08
  source text: To approve an amendment to the Company's 2017 Equity Incentive Plan to increase the total number of shares of Class A Common Stock available for issuance thereunder. 3,352,290 1,195,620 63,901 3,027,881
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/0000950170-23-070180-index.htm
- Shareholder Votes
  Cineverse Corp. shareholders approved To ratify the appointment of EisnerAmper LLP as our independent auditors for the fiscal year ending March 31, 2024. at the 2023-12-08 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-12-08
  source text: To ratify the appointment of EisnerAmper LLP as our independent auditors for the fiscal year ending March 31, 2024. 7,069,014 529,716 40,962 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/0000950170-23-070180-index.htm
- Shareholder Votes
  Cineverse Corp. shareholders approved To approve by non-binding vote, executive compensation. at the 2023-12-08 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-12-08
  source text: To approve by non-binding vote, executive compensation. 2,845,595 1,739,214 27,002 3,027,881
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/0000950170-23-070180-index.htm
- Shareholder Votes
  Cineverse Corp. shareholders approved To elect four (4) members of the Company's Board of Directors to serve until the 2024 Annual Meeting of Stockholders (or until successors are elected or directors resign or are removed). at the 2023-12-08 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-12-08
  source text: At the Annual Meeting of Stockholders of the Company held on December 8, 2023 (the “Annual Meeting”), the stockholders of the Company voted on four proposals.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017023070180/0000950170-23-070180-index.htm

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