Brent Lang Executive Editor of Film and MediaLionsgate’s revenues fell during the most recent fiscal quarter, as the media company behind the “Hunger Games” and “John Wick” franchises recorded a loss of $13.9 million.
However, the company did manage to beat Wall Street’s expectations with its earnings bolstered by the growing popularity of its Starz service and through lucrative licensing deals for its older films and television shows.
Revenues for the period ending in December topped out at $836.4 million, a 16.2% decline. Lionsgate also recorded net losses of 6 cents per share and adjusted earnings of 21 cents per share.
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