Cineverse Corp. announced its financial results for the second quarter of fiscal year 2026, reporting total revenue of $12.4 million. The company's total revenue declined 3% year-over-year, mainly due to timing differences in revenue recognition for certain content licensing agreements. In the prior-year quarter, $1.6 million was recorded from a Dog Whisperer licensing agreement, while the current quarter includes a $1.1 million licensing deal for The Toxic Avenger Unrated, which will be recognized in future periods. The direct operating margin increased to 58%, a 7 percentage point improvement over the prior-year quarter. Adjusted EBITDA and net income were impacted by planned investments in Cineverse's wide-release film business and Technology group. The company also noted ongoing cost efficiencies from its Cineverse Services India operations. Cineverse highlighted continued growth in its Matchpoint™ platform, which added over 20 new customers in the last 100 days and entered a pilot program with a major Hollywood studio.