Revenue: As of FY2026 Q2, the actual value is USD 12.36 M, missing the estimate of USD 12.66 M.EPS: As of FY2026 Q2, the actual value is USD -0.31, missing the estimate of USD -0.17.EBIT: As of FY2026 Q2, the actual value is USD -5.263 M.<h3>Segment Revenue</h3><ul><li>Streaming and Digital: Revenue for the three months ended September 30, 2025, was $9.6 million, a decrease from $10.1 million in the same period in 2024. For the six months ended September 30, 2025, revenue was $18.7 million, up from $17.8 million in 2024.</li><li>Base Distribution: Revenue for the three months ended September 30, 2025, was $1.8 million, an increase from $1.3 million in 2024. For the six months ended September 30, 2025, revenue was $2.9 million, up from $1.7 million in 2024.</li><li>Podcast and Other: Revenue for the three months ended September 30, 2025, was $0.9 million, down from $1.3 million in 2024. For the six months ended September 30, 2025, revenue was $1.9 million, down from $2.3 million in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: For the three months ended September 30, 2025, the net loss was $5.5 million, compared to $1.2 million in 2024. For the six months ended September 30, 2025, the net loss was $9.1 million, compared to $4.3 million in 2024.</li><li>Operating Loss: For the three months ended September 30, 2025, the operating loss was $5.4 million, compared to $0.9 million in 2024. For the six months ended September 30, 2025, the operating loss was $9.1 million, compared to $3.6 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: For the six months ended September 30, 2025, net cash used in operating activities was $21.7 million, compared to $2.4 million in 2024.</li><li>Net Cash Used in Investing Activities: For the six months ended September 30, 2025, net cash used in investing activities was $0.9 million, compared to $0.8 million in 2024.</li><li>Net Cash Provided by Financing Activities: For the six months ended September 30, 2025, net cash provided by financing activities was $11.0 million, compared to $0.5 million in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue investing in content development and acquisitions, expecting appropriate returns on these investments. The company also aims to increase revenue from existing services and offer new services to generate additional income from operations.</li><li>Non-Core Business: The company is not obligated to sell any shares under the ATM Sales Agreement but may offer and sell shares of Common Stock for an aggregate offering price of up to $30 million.</li></ul>

Cineverse | 10-Q: FY2026 Q2 Revenue Misses Estimate at USD 12.36 M