Lionsgate Q3 fiscal 2024 revenue $975M, net loss $106.6M; STARZ adds 700K OTT subs

STARZ ENTERTAINMENT CORP /CN/

2024-Q3 EPS reported -$4.56 vs consensus -$0.69 ▼ miss (-565.6%)

Net loss attributable to shareholders $106.6M ($0.45 diluted loss per share); adjusted net income $65.0M ($0.27 adjusted EPS).
Studio Business revenue down 23% to $691.6M; Motion Picture revenue up 53% to $443.2M on Hunger Games and Saw X.
Television Production revenue plunged 59% to $248.4M due to strikes and tough compare to Schitt's Creek licensing.
Media Networks segment revenue up 10% to $417.2M, profit up 73%; STARZ added 700K North American OTT subs sequentially.
Adjusted OIBDA $150.9M; cash $283M; studio backlog $1.6B; CEO cites eOne acquisition and planned Lionsgate Studios spin-off.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

STARZ ENTERTAINMENT CORP /CN/ reported third quarter fiscal 2024 quarter ended December 31, 2023 results: revenue 975.1 million, net income net loss attributable to Lionsgate shareholders of 106.6 million, EPS 0.45 diluted net loss per share.

Period: third quarter fiscal 2024 quarter ended December 31, 2023
Revenue: 975.1 million
Net income: net loss attributable to Lionsgate shareholders of 106.6 million
EPS: 0.45 diluted net loss per share
Result: reported results

Exact text from the filing

Lionsgate (NYSE: LGF.A, LGF.B) today reported third quarter (quarter ended December 31, 2023) revenue of $975.1 million, operating loss of $43.5 million, and net loss attributable to Lionsgate shareholders of $106.6 million or $0.45 diluted net loss per share on 235.1 million diluted weighted average common shares outstanding.

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Source: SEC EDGAR

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