Cineverse Corp. Segments Disclosure
3. SEGMENT INFORMATION
The Company operates as a reportable segment. The Company’s CODM, its ("CEO"), reviews financial information on a consolidated basis to make operating decisions, assess financial performance, and allocate resources.
In evaluating performance, the CODM primarily assesses operating income (loss) and net income (loss), as reported on the consolidated statement of operations and regularly reviews certain significant expense categories, including royalty expense; license, participation and technology costs; other direct operation costs; payroll and related expenses; professional services; advertising and marketing; amortization; and other general and administrative. These expense categories are considered key factors in managing the business and guiding resource allocation decisions.
This approach ensures that the Company’s financial reporting reflects the way management monitors expenses and overall financial performance.
The following table presents financial information with respect to the Company’s single operating segment for the years ended March 31, 2025, and 2024:
|
|
For the Fiscal Year Ended |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Revenues |
|
$ |
78,181 |
|
|
$ |
49,131 |
|
Less: |
|
|
|
|
|
|
||
Royalty expense |
|
|
24,243 |
|
|
|
7,693 |
|
License, participation and technology costs |
|
|
7,118 |
|
|
|
4,582 |
|
Other direct operating costs |
|
|
6,182 |
|
|
|
6,837 |
|
Payroll and related |
|
|
16,900 |
|
|
|
17,471 |
|
Professional services |
|
|
3,112 |
|
|
|
3,460 |
|
Advertising and marketing |
|
|
1,385 |
|
|
|
582 |
|
Amortization and depreciation |
|
|
3,797 |
|
|
|
3,771 |
|
Other general and administrative |
|
|
7,520 |
|
|
|
6,410 |
|
Impairment of goodwill |
|
|
— |
|
|
|
14,025 |
|
Total operating expenses |
|
|
70,257 |
|
|
|
64,831 |
|
Operating income (loss) |
|
|
7,924 |
|
|
|
(15,700 |
) |
Interest expense |
|
|
(4,365 |
) |
|
|
(1,066 |
) |
Other income (expense) |
|
|
311 |
|
|
|
(4,489 |
) |
Income (loss) before income taxes |
|
|
3,870 |
|
|
|
(21,255 |
) |
Provision for income taxes |
|
|
(106 |
) |
|
|
(10 |
) |
Net income (loss) |
|
$ |
3,764 |
|
|
$ |
(21,265 |
) |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 30, 2025 | Showing above |
| 2023 | Jun 29, 2023 | |
| 2022 | Jul 1, 2022 | |
| 2021 | Jul 30, 2021 | |
| 2020 | Jul 6, 2020 | |
| 2019 | Jul 16, 2019 | |
| 2018 | Jun 26, 2018 | |
| 2017 | Jun 29, 2017 | |
| 2016 | Jul 14, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.