Cineverse reports first quarter fiscal year 2024 results

Los angeles , aug. 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 first quarter ended june 30, 2023 ("q1 fy 2024").  q1 fy 2024 highlights (all comparisons are to the fiscal quarter ended june 30, 2022): total revenues were $13.0 million, compared to $13.6 million, primarily due to a planned wind-down of lower-margin streaming channels to focus resources on higher performing channels and improve margins.
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