Lionsgate Q2 revenue $1.0B, operating loss $817.5M on $876M Media Networks charges
STARZ ENTERTAINMENT CORP /CN/
- Revenue $1.0B, operating loss $817.5M includes $664M goodwill/trade name impairment and $212M restructuring charge.
- Adjusted net income $48.6M ($0.21 diluted EPS); Adj OIBDA $140.7M.
- STARZ added 200K domestic OTT subscribers; exiting UK by March 31, 2024.
- Trailing 12-month library revenue $870M (+17% YoY); studio backlog $1.5B.
- Cash from ops $301.1M; adjusted free cash flow $133.4M; reaffirms full-year guidance.