Lionsgate has posted revenues and operating income above Wall Street projections for its first fiscal quarter of 2019, amid growth from premium cabler Starz and a strong performance from “John Wick: Chapter 3.”
Lionsgate reported revenue of $963.6 million — $1 million above consensus estimates — and operating income before depreciation and amortization of $67.3 million, topping estimates by $3.7 million, for the quarter that ended June 30. Net loss per share was 2 cents, half of what had been forecast.
Starz ended the quarter with 26.5 million total global subscribers, up 2.6 million from the prior year quarter, and 24.4 million total domestic subscribers. Starz domestic over-the-top subscribers grew 400,000 sequentially to 4.4 million, its third best subscriber growth quarter ever.
“We’re pleased to report strong financial results in the quarter and a great start to the fiscal year,” said Lionsgate chief executive officer Jon Feltheimer. “All of our businesses are performing well. Our Television Group had its best development season ever, ‘John...
Lionsgate reported revenue of $963.6 million — $1 million above consensus estimates — and operating income before depreciation and amortization of $67.3 million, topping estimates by $3.7 million, for the quarter that ended June 30. Net loss per share was 2 cents, half of what had been forecast.
Starz ended the quarter with 26.5 million total global subscribers, up 2.6 million from the prior year quarter, and 24.4 million total domestic subscribers. Starz domestic over-the-top subscribers grew 400,000 sequentially to 4.4 million, its third best subscriber growth quarter ever.
“We’re pleased to report strong financial results in the quarter and a great start to the fiscal year,” said Lionsgate chief executive officer Jon Feltheimer. “All of our businesses are performing well. Our Television Group had its best development season ever, ‘John...
- 8/8/2019
- by Dave McNary
- Variety Film + TV
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