Filing Flows › Cineverse (CNVS) › Q3 FY25
Cineverse (CNVS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 14, 2025
Cineverse (CNVS) reported revenue of $40.7M for the third quarter fiscal 2025 (Q3 FY25), +207% from a year earlier and +220% from the quarter before. Operating margin was 23.2%, net earnings $7.2M (17.6% of revenue).
Cineverse, Q3 FY25: revenue $40.7M (+207% year over year), operating margin 23.2%, net earnings $7.2M, operating cash flow $7.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.7M | +220% | +207% |
| Operating profit | $9.4M | — | 22× |
| Net earnings | $7.2M | — | — |
| Operating cash flow | $7.4M | — | — |
What changed
Revenue was $40.7M in Q3 FY25, up 207% year over year and up 220% from the previous quarter. Base Distribution was the largest line at 60% of revenue. Base Distribution added $21.7M year over year (up 771%), 79% of the total change.
Operating profit was $9.4M, a 23.2% margin (up 19.9 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 3% margin then. Total costs grew 144% against revenue growth of 207%. The fastest-growing cost line was Other operating costs (+239%). Net earnings were $7.2M. The effective tax rate was 0.1%.
Operating cash flow was $7.4M, 103% of net earnings. Non-cash charges added back $946K of depreciation and amortization and $490K of share-based compensation. Working capital and other items used $1.2M.
Questions
What was Cineverse's revenue in the third quarter fiscal 2025?
Cineverse (CNVS) reported revenue of $40.7M for the third quarter fiscal 2025 (Q3 FY25), +207% from a year earlier and +220% from the quarter before.
Was Cineverse profitable in the third quarter fiscal 2025?
Operating profit was $9.4M (23.2% of revenue) and net earnings $7.2M.
Source: Cineverse 10-Q on SEC EDGAR.