Cineverse reports third quarter fiscal year 2024 results

Total revenue of $13.3 million total direct operating margin increased to 59% from 48% selling, general, and administrative expenses decreased by $2.7 million, or 30% adjusted ebitda of $1.8 million los angeles , feb. 14, 2024 /prnewswire/ -- cineverse corp. ("cineverse" or the "company") (nasdaq: cnvs), a global streaming technology and entertainment company, today announced its financial results for the fiscal third quarter ended december 31, 2023 ("q3 fy 2024").  q3 fy 2024 highlights (all comparisons are to the prior year fiscal quarter ended december 31, 2022):  similar to the reported results for last quarter, the company's initiatives to reduce operating costs, optimize our streaming channel portfolio and increase margins continued to have a very positive impact on our financial results.
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