Cineverse Reaffirms FY2027 Outlook as Q2 Revenue Rises 110%

Cineverse Corp. (CNVS) reaffirmed its fiscal 2027 revenue and adjusted EBITDA outlook after second-quarter revenue increased 110% year over year. Direct operating margin fell from its year-earlier level.

The company maintained its fiscal 2027 revenue range of $115 million to $120 million and adjusted EBITDA range of $10 million to $20 million. The outlook remained unchanged alongside the quarterly revenue growth.

Direct operating margin was 38%, compared with 58% a year earlier. Cineverse management expects improvement in the second half, citing seasonal and theatrical revenue gains and cost rationalization. Cash flow from operations improved $17 million year over year on a year-to-date basis.

At quarter-end, cash stood at $3.6 million, while net working capital was negative $9.7 million.