---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-097087"
form_type: "8-K"
ticker: "CNVS"
cik: "0001173204"
company_name: "Cineverse Corp."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:15:44.166662+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cineverse Q1 revenue falls 30% YoY to $9.1M; net loss improves; library appraised at $39.8M

## Summary
- Revenue $9.1M vs $13.0M YoY; digital distribution down $1.9M and legacy cinema $1.2M.
- Net loss $3.2M ($0.20/shr) vs $3.6M ($0.37/shr) YoY; Adj. EBITDA -$1.4M.
- Direct operating margin 51% (target 45-50%); SG&A down 17% ($1.3M savings).
- Digital content library appraised at $39.8M (book $2.6M); repurchased 184K shares.
- Post-quarter: first Matchpoint SaaS deals >$250K annual revenue; Terrifier 3 release Oct 11.

## SEC filing metadata
- accession: 0000950170-24-097087
- form_type: 8-K
- ticker: CNVS
- cik: 0001173204
- company_name: Cineverse Corp.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1173204/000095017024097087/0000950170-24-097087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173204/000095017024097087/cnvs-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-097087
- JSON: https://secwatch.observer/filing/0000950170-24-097087.json
- Plain text: https://secwatch.observer/filing/0000950170-24-097087.txt

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