Cineverse reports second quarter fiscal year 2025 results

(no financial impact from terrifier 3 in quarter) total revenue of $12.7 million, 20% increase excluding digital cinema business  total direct operating margin of 51% los angeles , nov. 14, 2024 /prnewswire/ -- cineverse corp. ("cineverse" or the "company") (nasdaq: cnvs), a global streaming technology and entertainment company, today announced its financial results for its fiscal second quarter ended september 30, 2024 ("q2 fy 2025").  the company's financial results for q2 fy 2025 reflected significant improvement in recurring revenue, direct operating margin, sg&a expenses and net loss when compared to the prior quarter and the prior year quarter when excluding non-recurring, non-cash revenue related to our legacy digital cinema equipment business ("digital cinema").
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