Brent Lang Executive Editor of Film and MediaLionsgate’s investment in streaming paid off during its most recent financial quarter, as its Starz TV platform topped 16.7 million global subscribers.But it wasn’t all good news at the media company, which reported a net loss of $45.4 million and a loss of 20 cents per share.
That compared unfavorably to a profit of $51.1 million or 23 cents per share in the year-ago period. Lionsgate’s revenues rose more than 10 percent to $901.2 million.
The revenue numbers were in line with Wall Street’s expectations, but the earnings per share were 9 cents better than analysts’ consensus estimates.
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