Lionsgate’s Film and TV Library Boosts Revenue, Reducing Quarterly Losses

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Lionsgate Reports Third Quarter Financial Results Post-Spinoff

Lionsgate has unveiled its third quarter financial results following the spinoff of its studio business into a separately traded entity. This strategic move marks a significant shift for the media giant.

Improved Financial Performance

 

Under the leadership of CEO Jon Feltheimer, the studio has significantly narrowed its net loss attributable to shareholders, reporting a loss of $21.9 million. This is a marked improvement from the previous year’s loss of $107.4 million, which was heavily influenced by the earlier Hollywood writers and actors strikes that affected content production and release schedules.

Revenue Insights

 

For the quarter ending December 31, 2024, overall revenue dipped slightly to $970.5 million, down from $975.1 million in the same period last year. However, this figure surpassed analyst expectations of $922 million by a notable $48 million.

Strong Earnings Performance

 

Lionsgate reported an adjusted earnings per share of 28 cents, exceeding analyst estimates by 21 cents. Additionally, the studio’s adjusted OIBDA reached $144.2 million, compared to $151 million a year earlier, significantly outperforming Wall Street’s forecast of $104 million.

Successful Film Releases

 

Known for blockbuster franchises like John Wick and The Hunger Games, Lionsgate had a successful quarter at the box office with three mid-budget film releases: Best Christmas Pageant Ever, Den of Thieves 2, and Flight Risk.

CEO’s Optimistic Outlook

 

“I’m pleased to report a strong quarter in which our businesses performed well in a challenging environment,” stated Jon Feltheimer, CEO of Lionsgate and Lionsgate Studios.

Strategic Licensing Agreements

 

In January, Lionsgate extended its multiyear film licensing deal with Starz, ahead of the anticipated separation of its studio operations from its pay TV and streaming business. This move is expected to enhance operational focus and drive growth.

Record Library Revenue

 

The studio reported a record trailing 12-month library revenue, which surged by 22 percent to $954 million during the quarter. The combined revenue from Lionsgate’s film and TV divisions also saw a 3 percent increase, totaling $713.8 million.

TV Production Growth

 

TV production revenue experienced a remarkable 63 percent increase, reaching $404.6 million, up from $285.4 million a year earlier. This growth reflects a recovery following the disruptions caused by Hollywood labor strikes and industry shutdowns.

Media Networks Performance

 

Conversely, the media networks division, primarily consisting of Starz, reported a decline in segment revenue to $341.9 million, down from $417.2 million the previous year. This highlights the challenges faced in the streaming landscape.

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This rephrased content is designed to engage business leaders in the film and television entertainment industry, emphasizing key financial metrics and strategic developments while maintaining a professional tone.

 

Persons

Jon Feltheimer

Company Names

Lionsgate, Starz

Titles

John Wick, The Hunger Games, Best Christmas Pageant Ever, Den of Thieves 2, Flight Risk

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.

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