earnings
confidence high
sentiment neutral
materiality 0.70
Lionsgate Q3 fiscal 2023 revenue $1.0B, net income $16.6M; adjusted EPS $0.26, library revenue record $845M
STARZ ENTERTAINMENT CORP /CN/
2023-Q3 EPS reported
-$8.41
revenue$2,769,100,000
- Revenue $1.0B, operating income $7.8M; net income $16.6M ($0.07 diluted EPS); adjusted net income $59.3M ($0.26 adjusted diluted EPS).
- Film & TV library revenue trailing 12 months record $845M; Studio Business revenue +25% to $894.2M, segment profit +71% to $148.0M.
- Media Networks revenue $380.3M (flat YoY); segment profit improved to $49.5M; recognized $80.8M restructuring charge; global subscribers 37.2M (down seq).
- Television Production revenue +38% to $605.4M, segment profit +270% to $71.5M; Motion Picture revenue +5% to $288.8M, segment profit +13% to $76.5M.
- Repurchased $124M bonds at $82M ($42M net debt reduction); sold STARZPLAY Arabia interest for $43M cash gain; cash $425M, undrawn revolver $1.25B.