Cineverse Ups Quarterly Profit, Annual Loss as Key Acquisitions Drive 67% of Revenue Growth

Cineverse June 26 reported fourth quarter (ended March 31) net income of $1.27 million, up 48% from profit of $851,000 in the previous-year period. Revenue increased 67% to almost $26 million from $15.6 million. CEO Chris McGurk attributed the revenue surge to key acquisitions in the quarter, includ…

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