Published on 8 Feb 2024 on GuruFocus.com via Yahoo Finance
Revenue: Reported at $975.1 million for the quarter.Operating Loss: Recorded an operating loss of $43.5 million.Net Loss: Net loss attributable to Lionsgate shareholders was $106.6 million.Adjusted Net Income: Stood at $65.0 million, showcasing a more positive aspect of the earnings.Adjusted OIBDA: Achieved $150.9 million, indicating underlying business strength.Subscriber Growth: STARZ gained 700K North American OTT subscribers sequentially during the quarter.Strategic Investments: The acquisition of eOne and expansion with 3 Arts are expected to bolster future growth.
Warning! GuruFocus has detected 11 Warning Signs with LGF.B.
Lions Gate Entertainment Corp (NYSE:LGF.B) released its 8-K filing on February 8, 2024, revealing a mixed financial picture for the third quarter of fiscal year 2024. The company, which operates in the entertainment industry with a focus on Motion Picture, Television Production, and Media Networks, reported a substantial revenue of $975.1 million. However, it faced an operating loss of $43.5 million and a net loss attributable to shareholders of $106.6 million, or $0.45 diluted net loss per share. Despite these challenges, adjusted net income stood at $65.0 million, or $0.27 adjusted diluted earnings per share, and adjusted OIBDA was reported at $150.9 million.