Lionsgate releases a quarterly win

Losses in Lionsgate Krimpen during the third quarter, while the turnover in the studio behind “Saw” and “The Hunger Games” fell slightly. The entertainment company mentioned the success of the cash register of “The Best Christmas Pageant Ever”, as well as record recordings of the permits of his library with films and shows for the improved tax photo. It also noted that it had begun to recover from the Hollywood work attacks of 2023 that brought the production to a halt.

For the three -month period that ended in December, the turnover was around $ 970.5 million, compared to the $ 975.1 million that Lionsgate reported in the period of the year ago. The business income amounted to $ 35.8 million compared to a loss of $ 43.5 million in the quarter of a year ago. Net losses that were attributable to shareholders of Lionsgate came to $ 21.9 million or $ 0.09 diluted net loss per share. That compared to the loss of $ 107.4 million that Lionsgate reported a year ago.

The company defeated Wall Street estimates, with analysts who predict that the company would make a turnover of $ 922 million and a profit per share of 28 cents. Shares of Lionsgate alle more than 11% act in the stronger than expected results.

The income came when Lionsgate completed his long -term separation from Lionsgate Studios and Starz. As part of the plan, Starz will be led by the current CEO Jeff Hirsch and will act under the Stock symbol STRZ. Lionsgate acts under the symbol Lion.

“I am pleased to report a strong quarter in which our companies performed well in a challenging environment,” said Jon Feltheimer, CEO of Lionsgate in a statement. “We approach the divorce of the studio and Starz with a record performance from our library, our film group that converts a number of mid-budget films into profitability, [and] Our television group that displays an extensive portfolio of Premium property. “

Lionsgate’s Studio Business, which includes both the film and television activities, reported a turnover of $ 713.8 million, an increase of 3% compared to the quarter of the previous year. That was due to improved income in its TV company, where the turnover of segment increased by 63% to $ 404.6 million, while the segment win rose considerably to $ 60.9 million. These more robust results were due to the production of episodes of new series that Lionsgate supervises, such as “spirits” and “selling sunset”, as well as license -deals for older shows. Lionsgate reported the turnover of record library of $ 954 million for the previous 12 months, an increase of 22%.

For a large part of 2024, Lionsgate suffered from a series of film flops such as “Borderlands” and “The Crow”, but began to recover at the end of the year with “The Best Christmas Pageant Ever”, a family -friendly cash register. However, the turnover and segment profit fell to $ 309.2 million and $ 83.6 million respectively. The comparisons were difficult, with Lionsgate “The Hunger Games: The Ballad of Songbirds and Snakes” and “Saw X” during the same piece in 2023, two huge hits.

Lionsgate’s Media Networks Operations, including Starz, saw the turnover fall from $ 346.9 million to $ 341.9 million, while the segment profit fell sharply from $ 63.3 million to $ 25.7 million in depreciating the higher content.