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Netflix vs Cineverse: NFLX and CNVS compared
Netflix is the larger company: $12.9B of revenue in its latest quarter (Q3 2026) against $30.6M for Cineverse (Q1 FY27). Cineverse is growing faster (+175% against +12% a year earlier). Netflix is more profitable, with an operating margin of 34.6% against -16.7%.
Where the money goes: NFLX and CNVS
Netflix (NFLX) · Q3 2026
Netflix, Q3 2026: revenue $12.9B (+12% year over year), operating margin 34.6%, net earnings $3.7B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.
Cineverse (CNVS) · Q1 FY27
Cineverse, Q1 FY27: revenue $30.6M (+175% year over year), operating margin -16.7%, net loss $5.7M, operating cash flow −$994K. The chart follows the revenue to costs, profit and cash.
| Netflix (NFLX) | Cineverse (CNVS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $12.9B | $30.6M |
| Revenue growth, Y/Y | +12% | +175% |
| Operating margin | 34.6% | -16.7% |
| Net earnings | $3.7B | −$5.7M |
| Net margin | 28.5% | -18.6% |
| Operating cash flow | $3.2B | −$994K |
| Free cash flow | $2.9B | — |
| Market value | $266.0B | — |
| Analysts’ mean target | $84.76 | — |
Where the revenue comes from
Cineverse
- Advertising Technology and Services: $15.9M (52%)
- OTT Streamingand Digital: $9.7M (32%)
- Media Services: $3.5M (11%)
- Podcast and Other: $1.1M (4%)
Questions
Which is bigger, Netflix or Cineverse?
Netflix is the larger company: $12.9B of revenue in its latest quarter (Q3 2026) against $30.6M for Cineverse (Q1 FY27).
Is Netflix or Cineverse growing faster?
Cineverse is growing faster (+175% against +12% a year earlier).
Which is more profitable, Netflix or Cineverse?
Netflix is more profitable, with an operating margin of 34.6% against -16.7%.
More: Netflix earnings · how Netflix makes money · Cineverse earnings · how Cineverse makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.