Lionsgate on Thursday reported revenue of $813.7 million for its 2021 fiscal first quarter, as the company’s library revenue helped carry the company’s motion picture business.
The company reported profits of $51.1 million, after reporting a loss of $54 million last year. Lionsgate also reported earnings of 23 cents per share — analysts tracking the company via Yahoo Finance forecasted the media and entertainment company to report earnings of 2 cents per share — and reported revenue of $767.4 million. Last year’s revenue during the same period was $963.6 million, but Lionsgate was well ahead of analysts’ estimates for this year’s quarter.
“We’re pleased to report a quarter with strong financial results in which all of our priorities were evident,” Lionsgate CEO Jon Feltheimer said. “During the quarter we took steps to monetize our film and television library, embraced innovative distribution strategies for our films, and acquired new properties while renewing others. Most important, it...
The company reported profits of $51.1 million, after reporting a loss of $54 million last year. Lionsgate also reported earnings of 23 cents per share — analysts tracking the company via Yahoo Finance forecasted the media and entertainment company to report earnings of 2 cents per share — and reported revenue of $767.4 million. Last year’s revenue during the same period was $963.6 million, but Lionsgate was well ahead of analysts’ estimates for this year’s quarter.
“We’re pleased to report a quarter with strong financial results in which all of our priorities were evident,” Lionsgate CEO Jon Feltheimer said. “During the quarter we took steps to monetize our film and television library, embraced innovative distribution strategies for our films, and acquired new properties while renewing others. Most important, it...
- 8/6/2020
- by Beatrice Verhoeven
- The Wrap
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