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Lionsgate Revenue was $970.5 Million

Net Loss Attributable to Lionsgate Shareholders was $21.9 Million or $0.09 Diluted Net Loss Per Share

Adjusted Net Income Attributable to Lionsgate Shareholders was $68.4 Million or $0.28 Adjusted Diluted Net Income Per Share;

Lionsgate Operating Income was $35.8 Million

Lionsgate Adjusted OIBDA was $144.2 Million

Trailing 12-Month Library Revenue Grows 22% to Record $954 Million

SANTA MONICA, Calif., and VANCOUVER, BC, Feb. 6, 2025 /PRNewswire/ — Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) (“Lionsgate”) and Lionsgate Studios Corp. (Nasdaq: LION) (“Lionsgate Studios”) today reported third quarter results for the quarter ended December 31, 2024.  This press release includes consolidated financial results for parent company Lionsgate as well as operating results for Lionsgate Studios (also referred to as the “Studio Business”), comprised of its Motion Picture and Television Production segments. 

Lionsgate reported third quarter revenue of $970.5 million, operating income of $35.8 million, and net loss attributable to Lionsgate shareholders of $21.9 million or $0.09 diluted net loss per share on 240.2 million diluted weighted average common shares outstanding. Adjusted net income attributable to Lionsgate shareholders in the quarter was $68.4 million or $0.28 adjusted diluted net income per share on 241.3 million diluted weighted average common shares outstanding.  Adjusted OIBDA was $144.2 million in the quarter. 

“I’m pleased to report a strong quarter in which our businesses performed well in a challenging environment,” said Lionsgate and Lionsgate Studios CEO Jon Feltheimer.  “We approach the separation of the studio and STARZ with a record performance from our library, our Motion Picture Group converting a number of midbudget films to profitability, our Television Group shepherding an extensive portfolio of premium properties and STARZ returning to domestic OTT subscriber growth on a sequential basis.”

Trailing 12-month library revenue was a record $954 million, up 22% from the prior year quarter.

Third Quarter Results

The Studio Business, comprised of the Motion Picture and Television Production segments, reported revenue of $713.8 million, an increase of 3% from the prior year quarter.  Studio Adjusted OIBDA was $112.0 million, up 45% compared to $77.4 million in the prior year quarter. 

Motion Picture segment revenue and segment profit decreased to $309.2 million and $83.6 million, respectively.  The decreases were due to the comparison with last year’s theatrical releases of The Hunger Games: The Ballad of Songbirds and Snakes and Saw X.  

Television Production segment revenue increased 63% to $404.6 million while segment profit was up significantly to $60.9 million.  Growth was driven by an increase in episodic deliveries, licensing of library content and the Company’s continued rebound from last year’s strikes.

Media Networks North American revenue was down slightly to $341.9 million while segment profit decreased to $25.7 million on higher content amortization, partially offset by lower marketing spend.  North American OTT subscribers grew by 170K sequentially.

Lionsgate and Lionsgate Studios senior management will hold their analyst and investor conference call to discuss fiscal 2025 third quarter results today, February 6^th, at 5:00 PM ET/2:00 PM PT.  The consolidated financial results of Lionsgate and the operating results of Lionsgate Studios’ segments will be discussed on a single call.  Interested parties may listen to the live webcast by visiting the events page on either the Lionsgate Investor Relations website or the Lionsgate Studios Investor Relations website.  Alternatively, interested parties can join the webcast directly via the following link.  A full replay will become available this evening by clicking the same link. 

About Lionsgate Studios

Lionsgate Studios (Nasdaq: LION) is one of the world’s leading standalone, pure play, publicly-traded content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse and a more than 20,000-title film and television library, all driven by Lionsgate’s bold and entrepreneurial culture.

About Lionsgate

Lionsgate (NYSE: LGF.A, LGF.B) owns approximately 87% of the outstanding shares of Lionsgate Studios Corp. (Nasdaq: LION), one of the world’s leading standalone, pure play, publicly-traded content companies, as well as the premium subscription platform STARZ.

For further information, investors should contact:

Nilay Shah

310-255-3651

nshah@lionsgate.com

For media inquiries, please contact:

Peter D. Wilkes

310-255-3726

pwilkes@lionsgate.com

The matters discussed in this press release include forward-looking statements, including those regarding the performance of future fiscal years.  Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including, but not limited to: statements about our ability to effectuate the proposed separation of Lionsgate’s Studios Business and Lionsgate’s STARZ Business (the “Proposed Separation”); the anticipated benefits of the Proposed Separation; unexpected costs related to the Proposed Separation; the substantial investment of capital required to produce and market films and television series; budget overruns; limitations imposed by our credit facilities and notes; unpredictability of the commercial success of our motion pictures and television programming; risks related to acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending our intellectual property; technological changes and other trends affecting the entertainment industry; potential adverse reactions or changes to business or employee relationships; the impact of global pandemics on our business; weakness in the global economy and financial markets, including a recession and past and future bank failures; wars, terrorism and multiple international conflicts that could cause significant economic disruption and political and social instability; labor disruptions and strikes; and the other risk factors set forth in Lionsgate’s and Lionsgate Studios’ public filings with the Securities and Exchange Commission.  The companies undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

Additional Information Available on Websites

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Lionsgate’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, which will be posted on Lionsgate’s website at http://investors.lionsgate.com/, and Lionsgate Studio’s Quarterly Report on Form 10-Q, which will be posted on Lionsgate Studios’ website at https://investors.lionsgatestudios.com/. Trending schedules containing certain financial information will also be available.