Quarterly ResultAug 13, 2026, 04:52 PM
Cineverse Q1 Revenue +175% to $30.6M; Net Loss $(5.8)M
AI Summary
Cineverse Corp. reported a significant increase in revenue for the first quarter ended June 30, 2026, reaching $30.6 million, up from $11.1 million in the prior year. However, the company's net loss attributable to common stockholders widened to $(5.8) million, compared to $(3.6) million in the same period last year. During the quarter, Cineverse also completed the acquisition of the remaining ownership interests in CONtv, making it a wholly-owned subsidiary, and increased its ATM Sales Agreement capacity to $30 million.
Key Highlights
- Revenue increased by 175% to $30.6 million for Q1 2026.
- Net loss attributable to common stockholders widened to $(5.8) million.
- Basic net loss per share was $(0.28) for Q1 2026.
- Net cash used in operating activities improved to $(1.0) million.
- Acquired remaining ownership interests in CONtv, making it a wholly-owned subsidiary.
- ATM Sales Agreement increased to $30 million, with $2.5 million net proceeds from sales.
- Convertible notes totaling $13 million were issued in February 2026.
Price Impact
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