Particle.news

Download on the App Store

Lionsgate Studios Reports $21.9M Profit in First Quarter Post-Starz Split

The newly independent studio achieved significant revenue growth and profitability, fueled by strong performance in its Motion Picture and TV production segments.

Image
Image
Jon Feltheimer

Overview

  • Lionsgate Studios recorded a $21.9 million net profit in Q4 of its fiscal year, a sharp turnaround from a $47 million loss in the same period last year.
  • Total revenue rose 22% year-over-year to $1.06 billion, driven by strong gains in Motion Picture and TV production divisions.
  • Motion Picture revenue surged 28% to $526.4 million, with segment profit reaching $135.3 million, its highest in a decade, supported by successful film releases and licensing deals.
  • TV production revenue increased 16% to $543.3 million, attributed to a higher volume of episodic deliveries following the resolution of 2023's Hollywood strikes.
  • The spin-off of Lionsgate Studios and Starz into standalone companies on NASDAQ aims to unlock value for investors in a challenging entertainment market.