Earnings Releases·Nov 13, 2026, 8:15 AM ET

Cineverse — Q2 FY 2027 Earnings Summary

Revenue surged 110% year-over-year to $26.0 million, with year-to-date revenue up 141% to $56.6 million; net income turned positive at $3.2 million ($0.11/share), an $8.8 million improvement over the prior year's loss.
Adjusted EBITDA reached $1.7 million, marking the third consecutive quarter of growth, while the company reaffirmed full-year FY 2027 guidance of $115–$120 million in revenue and $10–$20 million in Adjusted EBITDA.
Technology and Media Services revenue now comprises 55% of the quarter, driven by the completed integration of Giant Worldwide and the consolidation of products under the Matchpoint platform.
Management anticipates continued margin improvement and expects to exit the fiscal year at the full run rate of its $14 million annualized cost reduction program, having already achieved $9 million in savings.
Strategic initiatives include the launch of the VAUDIO advertising platform, new FAST channels, and the internally funded release of the 13th *Jason* film, alongside a content library valuation of $45 million.