Lionsgate said global streaming subscribers jumped 40% year-over-year in the September quarter to 18 million. Starzplay International subs nearly doubled to 7.5 million.Revenue of $887 million, up from $745 the year before, was shy of Wall Street forecasts.
Adjusted EPS of 15 cents a share was in line. The company swung to a net profit of $3.1 million in what as its fiscal second quarter from a loss of $21.7 million.Lionsgate CEO Jon Feltheimer noted strong content generation across the company’s business, noting the strong premieres of three new series in the quarter — including Power Book III: Raising Kannan.
The television group launched six new series and renewed six current shows. And motion pictures launched production of nine new
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