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Lionsgate Handily Beats Wall Street Q4 Forecasts As Starz Hits 16.7M Global Streaming Subscribers

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deadline.com
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Lionsgate, which is in the M&A spotlight after recent deals involving MGM and WarnerMedia, easily beat Wall Street expectations for its fiscal fourth quarter results.Total revenue came in at $876.4 million in the quarter ending March 31, down 7% from the year-ago period but ahead of analysts’ consensus for $809.3 million.

The per-share loss of 17 cents in the quarter was an improvement of the 20-cent loss a year ago and well ahead of analysts’ expectation for 33 cents in the red.Overall Starz subscriber levels around the world increased 23% to 29.5 million, with OTT rising 69% to 16.7 million, ahead of internal forecasts for 13 million to 15 million.Streaming boosted results in the Media Networks division, with revenue climbing 12% from a

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thefader.com
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variety.com
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deadline.com
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thewrap.com
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deadline.com
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etonline.com
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msn.com
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deadline.com
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ok.co.uk
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nme.com
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dailyrecord.co.uk
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deadline.com
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manchestereveningnews.co.uk
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