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Lionsgate Quarterly Earnings Beat Wall Street’s Expectations as Big Changes Loom
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variety.comBrent Lang Executive Editor Losses narrowed and revenues climbed as film hits such as “John Wick: Chapter 4” helped power Lionsgate’s quarterly earnings.
It’s a time of change for the company, which is exploring separating its motion picture and television groups from its Starz streaming and pay TV business, and relaunching them as two publicly traded entities.
In the near term, Lionsgate reported revenues of $909 million, a 2% increase from the $893.9 million it logged in the prior-year quarter.
Operating losses shrank from $68.2 million in the previous year to $16.8 million in the most recent quarter. Adjusted net loss attributable to Lionsgate shareholders in the quarter was $9.8 million or 4 cents a share.
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