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Cineverse vs Netflix: revenue, profit, margins and growth compared

Cineverse brought in $65.7M of revenue in fiscal 2026, Netflix $45.2B in fiscal 2025. Revenue changed by -15.9% at Cineverse and +15.9% at Netflix on the year before, so Netflix grew faster. Cineverse kept -13.2% of its revenue as net profit, Netflix 24.3%.

Side by side, latest fiscal year

CNVSNFLX
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$65.7M$45.2B
Revenue growth-15.9%+15.9%
Net income-$8.7M$11B
Net margin-13.2%24.3%
Free cash flown/a$9.5B
Free cash flow marginn/a20.9%
Earnings per share (diluted)-$0.49$2.53
Cash$3.4M$9B
Debtn/a$13.5B
Price to earningsn/a28.1
Market value$48M$296.2B
Dividend yieldn/an/a
Rank by revenue in sector#709 of 778 · Consumer discretionary#20 of 778 · Consumer discretionary

Over the years

Revenue
CNVS FY2019: $53.5MCNVS FY2020: $39.3MCNVS FY2021: $31.4MCNVS FY2022: $56.1MCNVS FY2023: $68MCNVS FY2024: $49.1MCNVS FY2025: $78.2MCNVS FY2026: $65.7MNFLX FY2018: $15.8BNFLX FY2019: $20.2BNFLX FY2020: $25BNFLX FY2021: $29.7BNFLX FY2022: $31.6BNFLX FY2023: $33.7BNFLX FY2024: $39BNFLX FY2025: $45.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS $65.7MNFLX $45.2B
Net income
CNVS FY2019: -$16.2MCNVS FY2020: -$14.7MCNVS FY2021: -$62.9MCNVS FY2022: $2.3MCNVS FY2023: -$9.7MCNVS FY2024: -$21.3MCNVS FY2025: $3.8MCNVS FY2026: -$8.7MNFLX FY2018: $1.2BNFLX FY2019: $1.9BNFLX FY2020: $2.8BNFLX FY2021: $5.1BNFLX FY2022: $4.5BNFLX FY2023: $5.4BNFLX FY2024: $8.7BNFLX FY2025: $11BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -$8.7MNFLX $11B
Net margin
CNVS FY2019: -30.3%CNVS FY2020: -37.5%CNVS FY2021: -200.2%CNVS FY2022: 4.1%CNVS FY2023: -14.3%CNVS FY2024: -43.3%CNVS FY2025: 4.8%CNVS FY2026: -13.2%NFLX FY2018: 7.7%NFLX FY2019: 9.3%NFLX FY2020: 11.0%NFLX FY2021: 17.2%NFLX FY2022: 14.2%NFLX FY2023: 16.0%NFLX FY2024: 22.3%NFLX FY2025: 24.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -13.2%NFLX 24.3%
Revenue growth
CNVS FY2020: -26.6%CNVS FY2021: -20.0%CNVS FY2022: +78.4%CNVS FY2023: +21.4%CNVS FY2024: -27.8%CNVS FY2025: +59.1%CNVS FY2026: -15.9%NFLX FY2019: +27.6%NFLX FY2020: +24.0%NFLX FY2021: +18.8%NFLX FY2022: +6.5%NFLX FY2023: +6.7%NFLX FY2024: +15.6%NFLX FY2025: +15.9%FY19FY20FY21FY22FY23FY24FY25FY26
CNVS -15.9%NFLX +15.9%
Free cash flow
CNVS FY2021: -$26.5MCNVS FY2022: $4.6MCNVS FY2023: -$10.1MCNVS FY2024: -$11.7MNFLX FY2018: -$2.9BNFLX FY2019: -$3.1BNFLX FY2020: $1.9BNFLX FY2021: -$132MNFLX FY2022: $1.6BNFLX FY2023: $6.9BNFLX FY2024: $6.9BNFLX FY2025: $9.5BFY18FY19FY20FY21FY22FY23FY24FY25
CNVS -$11.7MNFLX $9.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cineverse and Netflix

Which is bigger by revenue, Cineverse or Netflix?

Netflix is bigger by revenue: $45.2B in fiscal 2025, against $65.7M for Cineverse in fiscal 2026.

Which keeps more of its revenue as profit, Cineverse or Netflix?

Cineverse had a net margin of -13.2% in fiscal 2026; Netflix had 24.3% in fiscal 2025.

Which grew revenue faster, Cineverse or Netflix?

In their latest fiscal years revenue changed by -15.9% at Cineverse and +15.9% at Netflix.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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