Lionsgate Reports Reduced Losses Despite Decline in Revenue and Starz Subscribers

The company's first earnings report since spinning off Lionsgate Studios shows mixed results amid industry challenges.

Lionsgate's revenue for the June quarter fell 8% to $834.7 million, with a net loss of $59.4 million.
Starz lost 500,000 subscribers, with North American streaming subscribers decreasing by 180,000.
The Motion Picture segment saw a 15% revenue drop, though segment profit increased by 24%.
Television production revenue grew by 10%, despite a 53% decrease in segment profit.
Lionsgate Studios debuted as a standalone public entity on NASDAQ, separating from the Starz business.