LIONSGATE REPORT RESULTS FOR THIRD QUARTER FISCAL 2025

Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) (“Lionsgate”) and Lionsgate Studios Corp. (Nasdaq: LION) (“Lionsgate Studios”) today reported third quarter results for the quarter ended December 31, 2024.

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. 

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Read More

Cineverse Partners with SymphonyAI

Cineverse is accelerating its investment in advanced technology to strengthen its AI leadership. As part of this strategic move to high-margin AI-powered business opportunities, the company announced that it has adopted SymphonyAI's Revedia DataOps to unify AVOD, TVOD, SVOD, and FAST viewership data as well as ad-supported and subscription-based revenue data from previously siloed sources to perform AI-based data augmentation and conduct rapid in-depth analysis across all platforms and channels.
Read More

Netflix to Announce First Quarter 2025 Financial Results

Netflix, Inc. (NASDAQ: NFLX) today announced it will post its first quarter 2025 financial results and business outlook on its investor relations website at http://ir.netflix.net on Thursday, April 17, 2025, at approximately 1:01 p.m. Pacific Time.
Read More

Dolby and AMC Entertainment announce major expansion in the US

Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, and AMC Entertainment (NYSE: AMC), the largest theatrical exhibitor in the United States and in the world, today announced a significant expansion of their partnership, following a decade of success and guest popularity of the Dolby Cinema at AMC experience. Beginning this year, AMC and Dolby will add an additional 40 Dolby Cinema at AMC locations in the United States through the end of 2027.