Lionsgate, which recently spun off its film and television studio from Starz, announced its quarterly earnings on Thursday. Revenues at the company behind “Ghosts” and “Hunger Games” hit $475.1 million, a 21.3% decrease from the year-ago period when Lionsgate reported revenue of $604 million. Lionsgate logged an operating loss of $46 million, down from a loss of $100.7 million in the prior-year period.
Motion Picture segment revenue of $276.4 million decreased from $409.4 million, which the company said was due to the fact that it released five wide theatrical releases during the prior-year period compared to two wide theatrical releases, “The Long Walk” and “The Strangers – Chapter 2.” Segment profit of $30.5 million improved from the $1.7 million in profits that the division logged in the same period in 2024.
On the TV front, segment revenue declined to $198.7 million from $416.6 million in the prior-year period, while segment profit of $12.5 million was down from $24.4 million in the prior-year period. Lionsgate, which produced an adaptation of John Grisham’s “The Rainmaker” during the three-month stretch, said the decline in profits and revenues “reflects the timing of episodic deliveries, some of which pushed into the second half of the fiscal year.”
“We reported a quarter in line with our financial expectations with all signs pointing to significant growth over the next two quarters and through fiscal 2027,” said Lionsgate CEO Jon Feltheimer in a statement. “During the quarter we readied a film slate primed to deliver strong growth over the next 18 months, refilled our television pipeline with key series renewals and breakout new shows, and reported $1 billion in trailing 12-month library revenue, a record performance that highlights our entire portfolio of intellectual property.”
Lionsgate has struggled at the box office in recent years, but the studio is hoping that an upcoming slate that includes a return to Panem with “The Hunger Games: Sunrise on the Reaping” and “Michael,” a biopic of Michael Jackson, will help it recapture its stride. The company also recently announced a deal with Millennium to acquire all future film and TV rights to “The Expendables” franchise, as well as worldwide distribution rights to the next “Rambo” movie.
Shares of Lionsgate were down more than 7% in after-hours trading.
variety.com
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