secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000929351-22-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Q2 FY2023: $1.75B operating loss on $1.48B STARZ goodwill impairment; exits 7 intl territories
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- Revenue $875.2M; net loss $1.81B ($7.95/share); adjusted net loss $28M ($0.12/share); adjusted OIBDA $47.4M.
- Non-cash goodwill impairment of $1.48B from STARZ acquisition; $218.9M restructuring charge for exiting 7 LIONSGATE+ territories.
- Media Networks segment profit $21M (vs $5.5M); global streaming subs up 52% YoY to 27.3M; LIONSGATE+ subs up 97% to 14.8M.
- Studio Business segment profit $69.1M (vs $130.3M); Motion Picture revenue down to $224M, Television Production up to $430.9M.
- FY2023 Adjusted OIBDA guidance $275M-$325M; FY2024 $400M-$450M; cash on balance sheet $557.1M; adj. FCF positive $123.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000092935122000032/0000929351-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000092935122000032/lgfa-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000929351-22-000032

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