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Lionsgate Shrinks Quarterly Losses as TV Business Gets Post-Strikes Bounce
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variety.com
variety.comBrent Lang Executive Editor Losses shrank at Lionsgate and revenues climbed as the company’s television business rebounded from the twin strikes that had shut down production for much of 2023.
Revenue at the company behind “The Hunger Games” and “John Wick” franchises topped out at $1.12 billion, up from $1.08 billion in the prior-year quarter.
Lionsgate also reported a net loss attributable to shareholder of $39.5 million, which compared favorably to the prior-year quarterly losses of $96.8 million.
It recorded a loss of 22 cent per-share. In the year-ago quarter, Lionsgate had per-share losses of 42 cents. Lionsgate’s revenues beat Wall Street estimates of $1.11 billion.
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