secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0000950170-25-020015
Event type: earnings
Sentiment:  positive
Materiality: 0.88
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse Q3 FY2025 revenue $40.7M (+207% YoY); net income $7.2M
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- Total revenue $40.7M vs $13.3M prior year; net income $7.2M vs loss of $2.9M; EPS $0.38 vs -$0.22.
- Adjusted EBITDA $10.8M vs $1.8M; direct operating margin 48%, in line with 45-50% target.
- Terrifier 3 domestic box office >$54M on ~$500K P&A; contributed heavily to revenue and profit.
- Cash-on-hand >$13M, debt-free with zero draw on $7.5M East West Bank line of credit.
- Streaming viewership up 47% YoY; podcast revenue +39%; Matchpoint secured multi-year deals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017025020015/0000950170-25-020015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017025020015/cnvs-20250213.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-020015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer