Cineverse Reports Second Quarter Fiscal Year 2025 Results [Yahoo! Finance]
LiveRamp Holdings, Inc. (RAMP)
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Source: Yahoo! Finance
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"). These improved financial results did not include any impact from Terrifier 3 , which was released in our fiscal 3rd quarter and therefore will begin to be reflected in our next quarterly report. After debuting in North American theaters on October 11 and displacing Joker: Folie a Deux at the top of the box office charts, Cineverse's low budget horror phenomenon Terrifier 3 has ro
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