earnings
confidence high
sentiment positive
materiality 0.80
Lionsgate Q1 revenue up 2% to $909M, operating loss $16.8M; to acquire eOne from Hasbro
STARZ ENTERTAINMENT CORP /CN/
2024-Q1 EPS reported
-$0.31
revenue$908,600,000
- Net loss $70.7M ($0.31 diluted); adjusted net loss $9.8M ($0.04); adjusted OIBDA $85.7M.
- Trailing 12-month library revenue record $896M; studio backlog $1.5B.
- Signed definitive agreement to acquire eOne from Hasbro (deal value not disclosed).
- STARZ to exit Latin America by Dec 31, focus on U.S., U.K., Canada.
- Repurchased $85M bonds for $61M, reducing net debt and future cash interest.