Lionsgate reported third quarter revenue of $970.5 million, operating income of $35.8 million, and net loss attributable to Lionsgate shareholders of $21.9 million or $0.09 diluted net loss per share on 240.2 million diluted weighted average common shares outstanding. Adjusted net income attributable to Lionsgate shareholders in the quarter was $68.4 million or $0.28 adjusted diluted net income per share on 241.3 million diluted weighted average common shares outstanding. Adjusted OIBDA was $144.2 million in the quarter.
“I’m pleased to report a strong quarter in which our businesses performed well in a challenging environment,” said Lionsgate and Lionsgate Studios CEO Jon Feltheimer. “We approach the separation of the studio and STARZ with a record performance from our library, our Motion Picture Group converting a number of midbudget films to profitability, our Television Group shepherding an extensive portfolio of premium properties and STARZ returning to domestic OTT subscriber growth on a sequential basis.”
Trailing 12-month library revenue was a record $954 million, up 22% from the prior year quarter.
Third Quarter Results
The Studio Business, comprised of the Motion Picture and Television Production segments, reported revenue of $713.8 million, an increase of 3% from the prior year quarter. Studio Adjusted OIBDA was $112.0 million, up 45% compared to $77.4 million in the prior year quarter.
Motion Picture segment revenue and segment profit decreased to $309.2 million and $83.6 million, respectively. The decreases were due to the comparison with last year’s theatrical releases of The Hunger Games: The Ballad of Songbirds and Snakes and Saw X.
Television Production segment revenue increased 63% to $404.6 million while segment profit was up significantly to $60.9 million. Growth was driven by an increase in episodic deliveries, licensing of library content and the Company’s continued rebound from last year’s strikes.
Media Networks North American revenue was down slightly to $341.9 million while segment profit decreased to $25.7 million on higher content amortization, partially offset by lower marketing spend. North American OTT subscribers grew by 170K sequentially.
Lionsgate and Lionsgate Studios senior management will hold their analyst and investor conference call to discuss fiscal 2025 third quarter results today, February 6th, at 5:00 PM ET/2:00 PM PT. The consolidated financial results of Lionsgate and the operating results of Lionsgate Studios’ segments will be discussed on a single call. Interested parties may listen to the live webcast by visiting the events page on either the Lionsgate Investor Relations website or the Lionsgate Studios Investor Relations website. Alternatively, interested parties can join the webcast directly via the following link. A full replay will become available this evening by clicking the same link.
