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Dec 31, 2022
Lionsgate Q3 2023 Earnings Report
Reported a strong financial quarter with record trailing 12-month library revenues, affirming the value of their intellectual properties.
Key Takeaways
Lionsgate reported third quarter fiscal 2023 revenue of $1.0 billion, operating income of $7.8 million, and net income attributable to Lionsgate shareholders of $16.6 million or $0.07 diluted earnings per share. Adjusted net income attributable to Lionsgate shareholders in the quarter was $59.3 million or $0.26 adjusted diluted earnings per share, with adjusted OIBDA of $167.8 million.
Third Quarter Revenue was $1.0 Billion.
Operating Income was $7.8 Million.
Net Income Attributable to Lionsgate Shareholders was $16.6 Million or $0.07 Diluted Earnings Per Share.
Adjusted OIBDA was $167.8 Million
Revenue by Segment
Forward Guidance
Lionsgate enters its fourth quarter with encouraging signs across all of its businesses.
Positive Outlook
- Rebounding domestic box office.
- Bringing biggest slate in years to theatres.
- Renewals of six key Lionsgate Television series during or immediately after the close of the quarter.
- Improved STARZ economics due to its international reorganization.
- Company purchased $124 million of its bonds for $82 million, a $42 million reduction in its net debt.
Challenges Ahead
- Total global subscribers decreased sequentially to 37.2 million, driven by linear and OTT pressures domestically.
- Excluding the international subscribers in the seven markets that LIONSGATE+ is exiting, total global subscribers were down sequentially to 28.7 million.
- Recognized an $80.8 million restructuring charge primarily associated with Domestic Media Networks’ decision to remove certain series from its service.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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