Lionsgate Swings to Quarterly Profit on Higher Revenues
Lionsgate reported a profitable fourth quarter, marking a significant turnaround from the previous year's loss. The studio's revenue increased to $906.5 million, driven by strong performance in its Motion Picture segment. CEO Jon Feltheimer expressed optimism for future growth, highlighting the success of recent releases and the strength of their library.
- ▪Lionsgate posted a fourth quarter net profit of $70.2 million, compared to a loss of $117.4 million a year earlier.
- ▪Overall revenue rose to $906.5 million, surpassing analyst estimates of $810.14 million.
- ▪The Motion Picture revenue increased to $652 million, bolstered by the success of the film The Housemaid.
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Jaafar Jackson as a younger Michael Jackson in Lionsgate's biopic of the late King of Pop. Glen Wilson/Lionsgate Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Lionsgate Studios on Thursday released its fourth quarter financial results, with the Hollywood studio without Starz reporting higher revenue and a swing to profitability for the three months ended in March.
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