Cineverse Reports Second Quarter Fiscal Year 2027 Financial Results

Cineverse Corp. reported revenue of $26.0 million for the second quarter of fiscal year 2027, representing a 110% increase over the prior year quarter. The company achieved net income of $3.2 million, or $0.11 per diluted share, and reported adjusted EBITDA of $1.7 million, marking its third consecutive quarter of positive and growing EBITDA. Over 50% of the quarter's revenue was derived from technology-related streams. Additionally, the company reaffirmed its full-year fiscal 2027 revenue guidance of $115 million to $120 million and announced the nomination of Dr. Samrat Ganguly to its Board of Directors.