Cineverse reports second quarter fiscal year 2024 results

Total revenue of $13.0 million total direct operating margin increased to 64% from 42% recurring direct operating margin increased to 56% from 30% 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.
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