following the stock via Yahoo Finance had expected Lionsgate to report a revenue of $780.5 million and a loss of 12 cents per share.
The studio garnered $887.8 million in revenue.However, Lionsgate’s revenue is down from last quarter, when the company reported more than $900 million in revenue.
Its Starz-branded streaming service StarzPlay now has 18 million subscribers (up from the 16.7 million last quarter), more than half of the overall Starz subs of 30 million.
Media Networks segment revenue of $384.7 million was comparable to the prior year quarter while segmentprofit decreased to $5.5 million driven by higher costs associated with increased programming and marketing costs.
Read more on thewrap.com
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