secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072472
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinedigm Q2 revenue up 39% to $14M; streaming revenue up 78%; net loss widens to $5.8M
--------------------------------------------------------------------------------

- Total streaming revenue $8.0M (+78% YoY); ad-supported revenue up 102%, subscription revenue up 38%.
- Consolidated revenue $14.0M (+38.6% YoY); net loss $5.8M ($0.03 loss per share) vs $0.3M loss prior year.
- Adjusted EBITDA negative $1.3M vs positive $0.7M in prior year quarter due to legacy business decline and higher costs.
- Paid subscribers reached 1.06M (+48% YoY); total streaming minutes 2.17B (+78%).
- Company reiterates long-term targets: 50% annual streaming revenue growth, $150M revenue, 100M monthly viewers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000121390022072472/0001213900-22-072472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000121390022072472/ea168552-8k_cinedigm.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072472

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