Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Company Overview - Cineverse has over 71,000 film and TV assets and has reached over 82 million streaming viewers, with more than 1.4 million SVOD subscribers[18]. - The company aims to grow its viewership significantly beyond the current base of 82 million monthly viewers to potentially hundreds of millions across billions of connected devices[20]. - Cineverse has transformed from a digital cinema equipment distributor to a leading independent streaming company[210]. - The company played a pioneering role in transitioning movie screens from traditional analog film prints to digital distribution[210]. Technology and Operations - Cineverse's proprietary technology platform, Matchpoint™, enables the company to automate content distribution and features a robust data analytics platform[16]. - The company operates a proprietary technology platform, Matchpoint™, which supports various streaming capabilities and data analytics[113]. - The company collaborates with major brands and content creators, distributing products through platforms like Netflix, Hulu, and Amazon Prime[17]. - Cineverse's strategic partnerships with connected streaming TV companies aim to expand its device and platform reach[20]. - The company has established a comprehensive cybersecurity program integrated into its risk management and internal control systems[91]. Financial Performance - For the fiscal year ended March 31, 2025, total revenue increased by $29.1 million to $78.2 million, with streaming and digital revenue growing by 19% to $44.4 million[145]. - For the fiscal year ended March 31, 2025, the company reported a net income attributable to common stockholders of $3.2 million, while maintaining an accumulated deficit of $500.9 million[115]. - The company generated $17.4 million of net positive cash flows from operations for the year ended March 31, 2025, with cash and cash equivalents of $13.9 million and total equity of $37.8 million[47]. - The company reported a net cash provided by operating activities of $17,411,000, compared to a cash used of $10,592,000 in 2024[201]. - The company achieved a net income attributable to common shareholders of $3.2 million for the year ended March 31, 2025[211]. Challenges and Risks - Cineverse recorded a goodwill impairment charge of $14 million in the prior fiscal year, indicating potential future risks related to asset valuation[33]. - Future operations may be impacted by the inability to generate sufficient cash flow, which is subject to various uncontrollable factors[44]. - The commercial success of media content is unpredictable, and the company faces risks related to audience reactions and competition[52]. - Changes in economic conditions could adversely affect demand for the company's products and services, impacting financial performance[56]. - The company is vulnerable to cybersecurity risks, which could lead to service disruptions and negatively impact user experience[59]. - The company's reliance on Amazon Web Services (AWS) for computing infrastructure poses a risk, as any disruption could adversely affect operations[64]. Capital Structure and Funding - The company has incurred long-term losses and primarily financed operations through equity investments and borrowings, indicating a reliance on external funding[47]. - The company may need to adopt alternative strategies, including reducing capital expenditures and seeking additional funding, if unable to service its indebtedness[50]. - The company has a Line of Credit Facility with East West Bank providing for a $12.5 million facility, expandable to $15.0 million, with an interest rate of 8.75% as of March 31, 2025[116]. - The company has a history of generating net losses and may continue to do so in the foreseeable future[211]. Stock and Shareholder Information - The company has no current intention of paying dividends on its Common Stock, which may limit returns for investors[81]. - The company approved a share repurchase program in March 2023, renewed in February 2024 and 2025, contingent on favorable market conditions[83]. - The company has 2.7 million shares of Common Stock that may be diluted due to outstanding warrants[69]. - The liquidity of the company's Common Stock is uncertain, with limited trading volume potentially leading to significant price fluctuations[67]. Operational Metrics - The company has positive working capital of $3.6 million as of March 31, 2025, indicating a current assets surplus over current liabilities[47]. - The company has experienced periodic service interruptions and lacks live fail-over capability to switch to another cloud provider, which could impair service delivery[65]. - The company incurred a Goodwill impairment of $14.0 million for the year ended March 31, 2024, due to a decline in share price[80]. - The company's share price was $8.40 on March 31, 2023, declined to $1.39 by March 31, 2024, and partially recovered to $3.16 by March 31, 2025[79].

Core Viewpoint - Cineverse Corp. reported its financial results for the fourth quarter and fiscal year 2025, highlighting key performance metrics and future expectations [3]. Group 1: Financial Results - The press release detailing Cineverse's results for the fiscal fourth quarter and year ended March 31, 2025, is available on the company's website [3]. - The conference call was held to discuss the financial outcomes and strategic direction of the company [2]. Group 2: Management Commentary - Gary S. Loffredo, Chief Legal Officer, opened the call and emphasized the importance of the financial results being discussed [3]. - The management team, including Christopher J. McGurk (Chairman & CEO) and Erick Opeka (President & Chief Strategy Officer), participated in the call to provide insights into the company's performance [1].

Financial Data and Key Metrics Changes - In Q4 FY2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase year-over-year [8] - Adjusted EBITDA was $4 million, reflecting a 158% increase compared to the prior year quarter [8] - For the full fiscal year, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The streaming, digital, and podcast revenues were significant contributors to growth, particularly driven by the success of "Terrifier 3" [9] - The company has reorganized its technology business into a separate group to enhance focus and growth [10] - Podcast revenues increased by 57% over the prior year due to a diverse content slate and increased advertiser demand [27] Market Data and Key Metrics Changes - ScreenBlock's subscribers grew by 31% since the home premiere of "Terrifier 3" [26] - The company reported over 3.2 billion minutes streamed across its services, a 45% increase year-over-year [29] - The total subscriber count across the portfolio reached approximately 1.42 million, with a 4% year-over-year increase [29] Company Strategy and Development Direction - The company aims to build a high-growth, high-profit theatrical releasing business by following successful strategies used for "Terrifier" films [9] - A focus on expanding into family films, fantasy, and comedy genres is planned, alongside the current horror focus [53] - The technology division is set to leverage AI and proprietary technology to enhance operational efficiency and market positioning [39][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding operating margin targets of 45% to 50% in future quarters [55] - The company is optimistic about the potential for significant revenue from its technology products, particularly MatchPoint [46] - Management highlighted the importance of adapting to the changing advertising environment and focusing on direct sales strategies [31] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The upcoming film releases include "The Toxic Avenger," "Silent Night, Deadly Night," and "Return to Silent Hill," all with low investment thresholds [12][14] Q&A Session Summary Question: Future film releases and licensing opportunities - Management indicated plans to expand the film slate and engage in discussions regarding pay deals as more films are added [53] Question: Profitability and operating margins - Management confirmed confidence in maintaining strong operating margins, especially with successful film releases [55] Question: Pipeline opportunities for MatchPoint - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [61][62] Question: Podcast monetization strategies - The company is seeing higher CPMs for podcasts compared to CTV, with a focus on larger brand advertisers [70]

Financial Data and Key Metrics Changes - In Q4 2025, the company generated total revenue of $15.6 million, a 58% increase from the prior year [8][22] - Net income for the quarter was $858,000, a $15.5 million increase from the prior year [8][22] - Adjusted EBITDA was $4 million, reflecting a 158% increase over the prior year quarter [8][22] - For the full fiscal year 2025, total revenues increased by 59% to $78.2 million, with net income of $3.8 million and adjusted EBITDA of $13.9 million, a 216% increase over the previous year [9][24] Business Line Data and Key Metrics Changes - The growth was driven by all key lines of business, particularly streaming, digital, and podcast revenues [9] - The streaming business saw a 31% increase in subscribers following the success of "Terrifier 3" [27] - Podcast revenues increased by 57% over the prior year due to a more diverse content slate and increased advertiser demand [28] Market Data and Key Metrics Changes - The company reported a direct operating margin of 55% for Q4, exceeding the target of 45% to 50% [22] - SG&A expenses decreased to $5.4 million, representing 35% of revenues, a significant improvement from 69% in the prior year [23] Company Strategy and Development Direction - The company aims to build a high growth, high profit, low risk theatrical releasing business by following successful acquisition and marketing strategies [10] - A reorganization was implemented to focus on the streaming, content management, and AI technology, establishing a separate technology business group [11] - The company plans to expand its film slate to include genres beyond horror, such as family films and fantasy [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining or exceeding the operating margin target of 45% to 50% going forward [57] - The company is optimistic about the future, with plans to leverage its unique assets and successful film releases to drive growth [10][39] Other Important Information - The company has a working capital surplus of $3.6 million as of March 31, 2025, reflecting an improving financial position [23] - The company is exploring licensing opportunities for AI training and expects traction in that area later this year [39] Q&A Session Summary Question: Plans for future film releases and licensing opportunities - Management indicated that more films will be announced soon, expanding from horror to family and fantasy genres [55] Question: Profitability and operating margins - Management confirmed a solid operating margin of 55% and expressed confidence in meeting future margin targets [57] Question: Pipeline opportunities for technology products - The focus has shifted to larger media companies, with potential deal sizes starting at mid-seven figures [62][66] Question: Podcast monetization strategy - The company is seeing higher CPMs for podcasts compared to CTV, with average deal sizes in the low six figures [71]

Financial and Operational Highlights [Fourth Quarter and Fiscal Year 2025 Performance Summary](index=1&type=section&id=Fourth%20Quarter%20and%20Fiscal%20Year%202025%20Performance%20Summary) Cineverse reported substantial Q4 and FY2025 growth in revenue, net income, and Adjusted EBITDA, driven by the success of "Terrifier 3" Q4 FY2025 Key Financial Metrics vs. Prior Year Quarter | Metric | Q4 FY2025 | Change vs. Q4 FY2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Total Revenue | $15.6 Million | +$5.7 Million | +58% | | Net Income | $0.9 Million | +$15.5 Million | N/A (Turnaround from loss) | | Adjusted EBITDA | $4.0 Million | +$2.4 Million | +158% | - The strong financial performance is attributed to growth across all key business lines and the significant ancillary revenue contribution from the breakout horror film **"Terrifier 3,"** the biggest unrated film release of all time[2](index=2&type=chunk) - The company is building a slate of wide-release films to replicate the success of "Terrifier 3," including **"The Toxic Avenger," "Silent Night, Deadly Night," "Return to Silent Hill," and "Wolf Creek: Legacy"**[3](index=3&type=chunk) - Cineverse is in a strong financial position with **nearly $14 million in cash-on-hand** and a **zero draw on its $12.5 million line of credit** as of quarter-end[4](index=4&type=chunk) [Fiscal Year 2025 Financial Highlights](index=2&type=section&id=FY%202025%20Financial%20Highlights) For FY2025, consolidated revenue rose 59% to $78.2 million, turning a prior year net loss into a $3.2 million net income Fiscal Year 2025 vs. 2024 Financial Performance | Metric | FY 2025 | FY 2024 | Change | | :--- | :--- | :--- | :--- | | Consolidated Revenue | $78.2 million | $49.1 million | +59% | | Net Income (to common stockholders) | $3.2 million | $(21.8) million | +$25.0 million | | Diluted EPS | $0.16 | $(1.78) | +$1.94 | | Adjusted EBITDA | $13.9 million | $4.4 million | +216% | - The direct operating margin for the year was **50%**, which is **within the company's stated target range of 45% to 50%**[7](index=7&type=chunk) - SG&A expenses **decreased as a percentage of revenue from 57% in FY 2024 to 35% in FY 2025**, reflecting successful cost-saving initiatives[7](index=7&type=chunk) [Fourth Quarter 2025 Financial Highlights](index=2&type=section&id=Q4%20FY%202025%20Highlights) Q4 FY2025 revenue grew 58% to $15.6 million, achieving a net income of $0.8 million versus a prior-year $14.8 million loss Q4 FY2025 vs. Q4 FY2024 Financial Performance | Metric | Q4 FY 2025 | Q4 FY 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $15.6 million | $9.9 million | +58% | | Net Income (to common stockholders) | $0.8 million | $(14.8) million | +$15.6 million | | Diluted EPS | $0.04 | $(1.10) | +$1.14 | | Adjusted EBITDA | $4.0 million | $1.6 million | +150% | - The direct operating margin for the quarter was **55%**, **exceeding the company's stated target of 45% to 50%**[9](index=9&type=chunk) - SG&A expenses **decreased by $1.4 million (21%)** year-over-year, and as a percentage of revenue, **dropped from 69% to 35%**[9](index=9&type=chunk) [Financial Condition and Key Business Drivers](index=2&type=section&id=Financial%20Condition%20and%20Key%20Business%20Drivers) The company's strong financial condition is supported by $13.9 million in cash, an undrawn credit line, and key growth from "Terrifier 3" - "Terrifier 3" grossed **over $54.0 million at the domestic box office** and **more than $8.5 million in ancillaries**, achieved with a minimal paid media budget[12](index=12&type=chunk) Revenue Stream Growth (FY2025 vs. FY2024) | Revenue Stream | FY2025 Revenue | YoY Growth | | :--- | :--- | :--- | | Streaming and Digital | $44.4 million | +19% | | Podcast and Other | N/A | +86% | - As of March 31, 2025, the company had **$13.9 million in cash** and **$12.5 million in unused capacity** under its line of credit, which was subsequently expanded and extended[13](index=13&type=chunk) - The company's digital content library of over 71,000 titles was **valued at approximately $40 million** as of March 31, 2024, **significantly above its $2.5 million book value** as of March 31, 2025[16](index=16&type=chunk) [Operational Developments](index=3&type=section&id=Operational%20Developments) Cineverse expanded its film slate, technology offerings, and content partnerships during and after the quarter [During the Quarter](index=3&type=section&id=Operational%20Developments%20During%20the%20Quarter) Key quarterly activities included the "Terrifier 3" premiere, a "Highlander" franchise deal, and new ad-tech partnerships - **Content Premieres & Deals:** "Terrifier 3" premiered on Screambox, a "Highlander" franchise digital rights deal was signed, and a novelization of "Terrifier 3" was announced[16](index=16&type=chunk) - **Partnerships & Growth:** Partnered with The Stand Group to launch the WITZ podcast network, The Trade Desk to optimize ad inventory, and SymphonyAI to accelerate AI capabilities[16](index=16&type=chunk) - **Viewership Growth:** SVOD subscriber base **grew by 17%** after the Amazon Channels launch, Screambox saw a **23% increase in monthly active users**, and FAST/AVOD viewership **rose by 50%** in total minutes streamed[16](index=16&type=chunk) [Subsequent to Quarter-End](index=3&type=section&id=Operational%20Developments%20Subsequent%20to%20Quarter-End) Post-quarter, the company expanded its credit facility, acquired high-profile film rights, and launched its cineSearch tool - **Film Slate Expansion:** Acquired rights for "The Toxic Avenger," "Wolf Creek: Legacy," "Return to Silent Hill," and started production on a reboot of "Silent Night, Deadly Night"[16](index=16&type=chunk)[18](index=18&type=chunk) - **Corporate & Financial:** **Expanded the line of credit facility** with East West Bank to **$15 million** with a three-year term and formed an internal Motion Pictures Group and a Technology Group[15](index=15&type=chunk)[18](index=18&type=chunk) - **Technology & Network Growth:** **Commercially released cineSearch** on Google Cloud Marketplace, and the podcast network was rebranded as the Cineverse Podcast Network, **growing to 74+ series**[18](index=18&type=chunk) [Management Commentary](index=4&type=section&id=Management%20Commentary) Management detailed its strategy to replicate the "Terrifier 3" success, reorganize for growth, and become an AI-native studio - CEO Chris McGurk highlighted the strategy to **replicate the "Terrifier 3" release blueprint**—targeting films with built-in fan bases for strong upside and minimal financial risk[17](index=17&type=chunk) - The company **reorganized senior management to focus on two growth areas**: technology licensing and AI product development under a new CPO, and building a wide-release film slate under a new CMPO[17](index=17&type=chunk)[19](index=19&type=chunk) - President & CSO Erick Opeka stated the company is **evolving into a "platform-first" entity** and aims to become the **first "AI-native entertainment studio,"** using AI across the business[19](index=19&type=chunk) Financial Statements [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows total assets of $72.5 million, total liabilities of $34.7 million, and a significant increase in cash to $13.9 million Key Balance Sheet Items (in thousands) | Item | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $13,941 | $5,167 | | Total Current Assets | $38,081 | $32,721 | | Total Assets | $72,516 | $64,378 | | Line of credit, net | $— | $6,301 | | Total Current Liabilities | $34,435 | $31,249 | | Total Liabilities | $34,724 | $32,228 | | Total equity | $37,792 | $32,151 | [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported FY2025 revenues of $78.2 million and a net income of $3.8 million, a major turnaround from the prior year's loss Fiscal Year Ended March 31 (in thousands, except per share data) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Revenues | $78,181 | $49,131 | | Operating income (loss) | $7,924 | $(15,700) | | Net income (loss) | $3,764 | $(21,265) | | Diluted net income (loss) per share | $0.16 | $(1.78) | Three Months Ended March 31 (in thousands, except per share data) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Revenues | $15,575 | $9,863 | | Operating income (loss) | $2,127 | $(13,995) | | Net income (loss) | $858 | $(14,676) | | Diluted net income (loss) per share | $0.04 | $(1.10) | [Non-GAAP Financial Measures: Adjusted EBITDA](index=9&type=section&id=Non-GAAP%20Financial%20Measures%3A%20Adjusted%20EBITDA) Adjusted EBITDA, a key non-GAAP metric, rose to $13.9 million for FY2025 and $4.0 million for Q4, showing strong core performance - **Adjusted EBITDA** is defined as earnings before interest, taxes, depreciation, amortization, and other certain items, providing a useful metric for fundamental business performance[28](index=28&type=chunk)[29](index=29&type=chunk) Reconciliation of Net Income (Loss) to Adjusted EBITDA (in thousands) | Period | Net Income (Loss) | Adjusted EBITDA | | :--- | :--- | :--- | | **For the Fiscal Year Ended** | | | | March 31, 2025 | $3,764 | $13,917 | | March 31, 2024 | $(21,265) | $4,398 | | **For the Three Months Ended** | | | | March 31, 2025 | $858 | $4,002 | | March 31, 2024 | $(14,676) | $1,553 | Additional Information [Conference Call Information](index=6&type=section&id=Conference%20Call%20Information) A conference call to discuss financial results is scheduled for June 27, 2025, at 9:00 a.m. ET, with access details provided Conference Call Details | Item | Detail | | :--- | :--- | | Date | Friday, June 27, 2025 | | Time | 9:00 a.m. ET | | US Toll-Free | +1 833 470 1428 | | Access Code | 414024 | [About Cineverse](index=6&type=section&id=About%20Cineverse) Cineverse is a tech-driven entertainment studio distributing over 71,000 titles through its streaming channels and podcast network - Cineverse is a technology-driven entertainment studio that distributes a library of **over 71,000 premium films, series, and podcasts**[21](index=21&type=chunk) - Key properties include numerous streaming channels, a podcast network, and the horror brand **Bloody Disgusting**[21](index=21&type=chunk) [Safe Harbor Statement](index=6&type=section&id=Safe%20Harbor%20Statement) This section cautions that forward-looking statements are subject to risks and are not guarantees of future performance - The document contains **"forward-looking'' statements** as defined by the Private Securities Litigation Reform Act of 1995, which are subject to various risks and are not guarantees of future performance[22](index=22&type=chunk)

Core Insights - Cineverse Corp. reported significant financial growth in Q4 FY 2025, with total revenue of $15.6 million, a 58% increase compared to the prior year quarter, and net income of $0.9 million, a $15.5 million increase over the prior year quarter [1][2][11] - The success of the horror film "Terrifier 3" has been a major driver of revenue growth, contributing to both theatrical and ancillary revenues, and establishing itself as the biggest unrated film release of all time [2][3][16] Financial Performance - Full-year consolidated revenue for FY 2025 reached $78.2 million, up from $49.1 million in FY 2024, marking a 59% increase primarily due to "Terrifier 3" and growth in streaming, digital, and podcast businesses [5][7] - Adjusted EBITDA for FY 2025 increased to $13.9 million from $4.4 million in FY 2024, reflecting strong operational performance [7][29] - The company's direct operating margin for FY 2025 was 50%, consistent with its target range of 45% to 50% [6] Operational Developments - Cineverse has a strong financial position with nearly $14 million in cash and no outstanding debt, alongside a $12.5 million line of credit [4][15] - The company has announced a slate of upcoming film releases, including "The Toxic Avenger" and "Silent Night, Deadly Night," which are expected to generate additional revenue [3][16] - The podcast network has expanded significantly, now comprising over 74 series and achieving over 230 million lifetime downloads [18] Market Strategy - Cineverse's unique marketing approach, particularly for "Terrifier 3," has allowed it to achieve high box office results with minimal marketing expenditure, leveraging digital campaigns and owned channels [3][9] - The company is focusing on becoming an AI-native entertainment studio, with plans to integrate AI into various operational processes [16]

Core Insights - Cineverse and Fandor have announced their Summer programming slate, featuring genre-blending films and festival selections [1][7] - The focus is on bold storytelling that elevates emerging filmmakers alongside established auteurs, aiming for high-impact titles with global appeal [1] Company Overview - Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that operates a wide range of premium streaming brands, including ad-supported and subscription services [5][8] - The company distributes over 71,000 premium films, series, and podcasts, connecting fans with independent stories and innovative content delivery [8] Upcoming Titles - "Escape From The 21st Century" will be available on June 27, featuring a time-travel adventure with a responsibility to save the world [7] - "Else" will be available on July 8, presenting a romance threatened by a strange epidemic [7] - "A Samurai In Time," available on August 5, is a Japanese indie hit that follows a samurai transported to the present day [7] - "The Box Man," available on August 19, is an adaptation of a Kobo Abe novel exploring identity and societal interactions [7] Current Offerings - Fandor currently streams a variety of films, including "Hundreds of Beavers," "The Accident," and "Human Hibernation," among others [2] - Additional titles set to be released later this year include "The Things You Kill" and "Lesbian Space Princess" [2]

Group 1 - Cineverse Corp. will release its financial results for Q4 and full fiscal year 2025 on June 27, 2025, after market close [1] - A conference call to discuss these results will take place at 9 a.m. ET/6 a.m. PT on the same day [1] - The conference call can be accessed via dial-in numbers and a webcast on the company's investor website [1] Group 2 - Cineverse is a next-generation entertainment studio that distributes over 71,000 premium films, series, and podcasts [2] - The company focuses on empowering creators and entertaining fans through innovative technology and storytelling [2] - Cineverse includes properties such as the highest-grossing unrated film in U.S. history and a premier podcast network [2]

Cineverse Overview - Cineverse is a streaming technology provider empowering brands to grow their streaming business[6] - As of March 31, 2024, Cineverse had 15699 million common shares outstanding, a book value of $205 per common share, and a share price of $139, with TTM revenues of $49131 million[7] - Cineverse has over 71000 titles available to more than 82 million unique viewers monthly[8] Market Opportunity - The U S households watch TV for over 4 hours per day on average[11] - 86% of U S households have at least one TV-connected device[11] - 59% of U S viewers already use an AVOD service[11] - Ad revenue from AVOD and FAST is expected to reach $109 billion by 2028[11] - The U S enthusiast market is valued at over $3 billion, while the total global market is approximately $60 billion, with a projected market growth (CAGR) of 134%[19] AI Initiatives - The total AI market is projected to reach $2-25 trillion in the next 8 years, with generative AI accounting for $165 billion in five years and video Gen AI segment at $55 billion[21] - Cineverse launched cineSearch, a Gen AI content search & discovery tool, in partnership with Google Cloud, leading to a trading day with 32 million shares traded[22] Financial Strategy - Cost-cutting initiatives include the launch of Cineverse Services India, with the goal of achieving sustainable profitability and improved margins by the end of FY 2024[9] - The company is focused on high-return, low-cost initiatives using existing assets[8]