Lionsgate Q2 2023 Earnings Report
Key Takeaways
Lionsgate reported Q2 2023 revenue of $875.2 million and an operating loss of $1.75 billion. The net loss attributable to Lionsgate shareholders was $1.81 billion, or $7.95 diluted net loss per share. Adjusted free cash flow was a positive $123.5 million, bringing cash on the balance sheet to $557.1 million.
Second quarter revenue was $875.2 million.
Operating loss was $1.75 billion, or $53.7 million before impact of non-cash goodwill writedown related to STARZ and international restructuring charge related to LIONSGATE+.
Net loss attributable to Lionsgate shareholders was $1.81 billion, or $7.95 diluted net loss per share.
Adjusted free cash flow was a positive $123.5 million, bringing cash on balance sheet to $557.1 million.
Lionsgate
Lionsgate
Lionsgate Revenue by Segment
Forward Guidance
Lionsgate is exiting seven international territories to streamline STARZ's international business and return it to profitability more quickly.
Revenue & Expenses
Visualization of income flow from segment revenue to net income