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How Cineverse (CNVS) makes money

Cineverse (CNVS) made $30.6M of revenue in the first quarter fiscal 2027 (Q1 FY27), +175% from a year earlier. Advertising Technology and Services brought in $15.9M (52%); OTT Streamingand Digital brought in $9.7M (32%); Media Services brought in $3.5M (11%).

Drawing the Sankey…

Cineverse revenue by segment, Q1 FY27Cineverse revenue by segment, Q1 FY27Advertising Technology and Servic…$15.9MOTT Streamingand Digital$9.7MMedia Services$3.5MPodcast and Other$1.1MBase Distribution$320K
Cineverse: revenue by line, Q3 FY25 to Q1 FY27Cineverse: revenue by line, Q3 FY25 to Q1 FY27OTT Streamingand Digi…Base DistributionAdvertising Technolog…Podcast and OtherMedia ServicesOther Non RecurringOTT Streamingand Digital: $9.7M latest$9.7MBase Distribution: $320K latestAdvertising Technology and Services: $15.9M latest$15.9MPodcast and Other: $1.1M latestMedia Services: $3.5M latest$3.5MOther Non Recurring: $0 latestQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q1 FY27
Base Distribution went from 60% of revenue in Q3 FY25 to 1% in Q1 FY27, the largest shift in the mix.
Cineverse revenue by quarterCineverse revenue by quarter$40.7MQ3 FY25$15.6MQ4 FY25$11.1MQ1 FY26$12.4MQ2 FY26$16.3MQ3 FY26$26.0MQ4 FY26$30.6MQ1 FY27
Cineverse: where each dollar of revenue goesCineverse: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Advertising Technology and Services$15.9M52.1%——
OTT Streamingand Digital$9.7M31.9%—+7%
Media Services$3.5M11.4%——
Podcast and Other$1.1M3.6%—+11%
Base Distribution$320K1.0%—-69%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$30.6M100.0%
Income tax$19K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$30.6M+175%
Q4 FY26$26.0M+67%
Q3 FY26$16.3M-60%
Q2 FY26$12.4M-3%
Q1 FY26$11.1M+22%
Q4 FY25$15.6M+58%
Q3 FY25$40.7M+207%

From Cineverse's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Cineverse make money?

Cineverse (CNVS) made $30.6M of revenue in the first quarter fiscal 2027 (Q1 FY27), +175% from a year earlier. Advertising Technology and Services brought in $15.9M (52%); OTT Streamingand Digital brought in $9.7M (32%); Media Services brought in $3.5M (11%).

What is Cineverse's biggest business?

Advertising Technology and Services: $15.9M in the first quarter fiscal 2027, 52% of revenue.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.