Cineverse Q3 FY2024: Revenue $13.3M, direct margin 59%, Adj. EBITDA $1.8M

Cineverse Corp.

2024-Q3 EPS reported -$0.59 revenue$39,268,000

Total revenue $13.3M vs $27.9M prior year; net loss $2.9M ($0.22/sh) vs net income $4.9M ($0.55/sh).
Direct operating margin improved to 59% from 48%; SG&A decreased $2.7M or 30%.
Subscription revenue +13% to $3.4M; paid subscribers 1.4M (+30% YoY).
Adjusted EBITDA $1.8M; excluding non-cash Metaverse loss, net income would be $0.2M.
Secured Terrifier 3 rights for FY2025; expanded credit line to $7.5M; partnership with Google Cloud for cineSearch.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cineverse Corp. reported the fiscal third quarter ended December 31, 2023 results: revenue $13.3 million, net income Net loss attributable to common stockholders was $2.9 million, or $(0.22) earnings per share, EPS $(0.22).

Period: the fiscal third quarter ended December 31, 2023
Revenue: $13.3 million
Net income: Net loss attributable to common stockholders was $2.9 million, or $(0.22) earnings per share
EPS: $(0.22)
Result: reported results

Exact text from the filing

Cineverse Reports Third Quarter Fiscal Year 2024 Results Total Revenue of $13.3 Million

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Source: SEC EDGAR

accession 0000950170-24-015288

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