---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-015288"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:04:16.287606+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-015288
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173204/000095017024015288/0000950170-24-015288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017024015288/cnvs-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-015288
- JSON: https://secwatch.observer/filing/0000950170-24-015288.json
- Plain text: https://secwatch.observer/filing/0000950170-24-015288.txt

## Key facts
- Earnings Releases
  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
  source text: Cineverse Reports Third Quarter Fiscal Year 2024 Results Total Revenue of $13.3 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017024015288/0000950170-24-015288-index.htm

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