Lionsgate Flashes Library Card, Ritzy Movie Numbers In Posting Q4 Results Ahead Of Wall Street Expectations
deadline.comLionsgate’s release of John Wick: Chapter 4 and the continued strength of the company’s 18,000-title film and TV library helped the company post fiscal fourth-quarter results ahead of Wall Street expectations.
Adjusted earnings per share in the period ending March 31 came in at 21 cents, far better than analysts’ consensus outlook for a loss of 9 cents a share.
Revenue of $1.086 billion in the quarter climbed 17% from the year-ago quarter and beat the Street by $92 million. The library closed the fiscal year with two stellar quarters, bringing in a record $884 million over the trailing 12 months, the company said.
Revenue in the company’s Media Networks unit inched up 2% to $389 million, with proceeds from domestic streaming revenue and Lionsgate+ (the rebranded assets formerly known as Starzplay) offset by lower domestic linear revenue.
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