Lionsgate has released its third quarter financial results after the spinoff of the media giant’s studio business into a separately traded stock.
The studio, led by CEO Jon Feltheimer, posted a sharply narrowed net loss attributable to shareholders at $21.9 million, compared to a year-earlier loss at $107.4 million when Lionsgate at the time reported on the impact of the earlier Hollywood writers and actors strikes on its content production and release pipeline.
During the latest quarter to Dec. 31, 2024, overall revenue fell to $970.5 million, against $975.1 million in the same period of last year. Lionsgate is the studio behind John Wick, The Hunger Games and other movie franchises.
“I’m pleased to report a strong quarter in which our businesses performed well in a challenging environment,” Lionsgate and Lionsgate Studios CEO Jon Feltheimer said in a statement.
The studio reported record trailing 12-month library revenue rising 22 percent to $954 million in the quarter. Lionsgate’s studio business, made up of the film and TV divisions, saw revenue edge up 3 percent to $713.8 million.
TV production revenue rose 63 percent to $404.6 million on increased episodic deliveries, compared to a year-earlier $285.4 million, which came in the wake of the Hollywood labor disruption and industry shutdowns.
Also during the latest quarter, the media networks division, which is mainly Starz, saw segment revenue fall $341.9 million, compared to a year-earlier $417.2 million.
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