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Lionsgate
🇺🇸 NYSE:LGF-A
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•
Mar 31, 2020

Lionsgate Q4 2020 Earnings Report

Reported a strong quarter to end a solid fiscal year despite the disruption posed by the COVID-19 global pandemic.

Key Takeaways

Lionsgate reported Q4 revenue of $944 million, an operating loss of $12 million, and a net loss attributable to Lionsgate shareholders of $45 million, or $0.20 diluted net loss per share. Adjusted diluted EPS was $0.21, with adjusted OIBDA of $126 million. The company's global over-the-top paid subscribers increased to 10.6 million, driven by strong gains at Starz, which reached 6.8 million domestic OTT paid subscribers.

Fourth Quarter Revenue was $944 Million.

Operating Loss was $12 Million.

Net Loss Attributable to Lionsgate Shareholders was $45 Million or $0.20 Diluted Net Loss per Share

Adjusted Diluted EPS was $0.21 with Adjusted OIBDA of $126 Million

Total Revenue
$944M
Previous year: $914M
+3.3%
EPS
$0.21
Previous year: $0.11
+90.9%
Gross Profit
$380M
Previous year: $381M
-0.1%
Cash and Equivalents
$318M
Previous year: $184M
+72.7%
Free Cash Flow
$175M
Total Assets
$7.95B
Previous year: $8.41B
-5.4%

Lionsgate

Lionsgate

Lionsgate Revenue by Segment

Forward Guidance

Lionsgate is closely monitoring the impact of the COVID-19 global pandemic and is working to mitigate its effects on the business.

Positive Outlook

  • Television and streaming consumption around the globe has increased.
  • Home entertainment demand has increased.
  • STARZ has experienced an increase in viewership of its content across all platforms.
  • STARZ has experienced increase in subscribers to its OTT services, both domestically and internationally.
  • The company has been able to adapt to new circumstances by releasing theatrical films earlier on streaming platforms.

Challenges Ahead

  • The impact of the ongoing COVID-19 global pandemic and measures to prevent its spread, and the resulting unprecedented economic uncertainty, are affecting our business in a number of ways.
  • Experienced early termination of the theatrical run of one of our films domestically and one of our films in the UK.
  • Experienced delayed theatrical distribution of several films domestically and internationally.
  • Experienced delayed production of film and television content resulting in changes in future release dates for some titles and series.
  • Partners have also closed several location-based entertainment attractions based on our film and television properties.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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