Lionsgate Earnings Get Lift From ‘John Wick: Chapter 4’
variety.comBrent Lang Executive Editor The return of John Wick, its popular hit man franchise, helped lift quarterly earnings at Lionsgate, enabling the company to best expectations.
For the three-month period ending on March 31, revenues at Lionsgate increased 16.7% to $1.1 billion. The company also reported an operating loss of $49.6 million, which was slightly better than the $50.4 million in losses it logged in the year-ago period.
There was also a net loss attributable to Lionsgate shareholders of $96.8 million or 42 cents net loss per share. Adjusted net income attributable to Lionsgate shareholders in the quarter was $49.2 million or 21 cents in adjusted earnings per share.
Lionsgate’s film business did much of the heavy lifting. The studio segment reported revenue of $823.6 million, an increase of 25% from the prior-year quarter, with the movie portion of that haul increasing by 85%.
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