Pedro Opeka

Cineverse Reports Second Quarter Fiscal Year 2024 Results

Retrieved on: 
Tuesday, November 14, 2023
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LOS ANGELES, Nov. 14, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal second quarter ended September 30, 2023 ("Q2 FY 2024"). 

Key Points: 
  • Operating Expenses Decreased by $6.3 Million, or 34%
    Adjusted EBITDA Increased by $3.7 Million, or 283%, to $2.4 Million
    LOS ANGELES, Nov. 14, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company, today announced its financial results for the fiscal second quarter ended September 30, 2023 ("Q2 FY 2024").
  • Q2 FY 2024 Highlights (all comparisons are to the prior year fiscal quarter ended September 30, 2022):
    During the Quarter, the Company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins had a very positive impact on our financial results.
  • Last quarter, the Company launched Cineverse Services India ("Cineverse Services"), a new business unit that expands upon the Company's successful India operations to consolidate Cineverse's support operations at vastly reduced costs.
  • ET today (Tuesday, November 14, 2023), during which management will discuss the results of the fiscal second quarter ended September 30, 2023.

Cineverse Announces New Leadership Structure and Promotions of Key Leadership Team Members

Retrieved on: 
Tuesday, May 23, 2023
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LOS ANGELES, May 23, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of owned and operated streaming channels, announced today the promotions of several key members of its leadership team, effective immediately. These strategic appointments reflect Cineverse's ongoing efforts to align the Company's expanding range of services and to position Cineverse for future innovation and growth. With a commitment to creating a diverse, empowering, and immersive streaming experience, these key appointments will drive the Company forward as a global streaming technology and media company.

Key Points: 
  • LOS ANGELES, May 23, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of owned and operated streaming channels, announced today the promotions of several key members of its leadership team, effective immediately.
  • These strategic appointments reflect Cineverse's ongoing efforts to align the Company's expanding range of services and to position Cineverse for future innovation and growth.
  • Erick Opeka, a prominent thought leader in the streaming industry, will continue in his role as Chief Strategy Officer for Cineverse and has been promoted to President of Cineverse.
  • "These promotions reflect Cineverse's continued evolution from a digital cinema company to a global streaming and technology company at scale.