The stock is up about 4.7% in after-hours trading after the studio reported 12-month growth in just about every unit except for television production. In the quarter that ended in March, Lionsgate had net income of nearly $163M, up from a $22.7 loss in the period last year, on revenues of $785.7M, +21.8%. The top line beat the Street’s expectation for $753.0M. And earnings at $1.10 were well ahead of predictions for 44 cents. Lionsgate’s release surprisingly only provides unit-by-unit data for the entire year, not the quarter. The company will go into more detail tomorrow morning, when it holds its conference call with analysts. CEO Jon Feltheimer says that the three-month period “reflected strong contributions from our young adult franchises as well as the rest of our theatrical slate and our home entertainment and international businesses.”
Lionsgate Shares Rise After It Beats Fiscal Q4 Financial Forecasts
What's Hot on Deadline
Quentin Tarantino Steals The Show At Sony's Slick Presentation Of A Pretty Dark Slate And Very Special Dog - CinemaCon
Quentin Tarantino & Leonardo DiCaprio Make Surprise Appearance At CinemaCon To Talk 'Once Upon A Time In Hollywood'
'Avengers: Infinity War' Clip: 'Jimmy Kimmel Live!' Debuts Exclusive Look At Marvel's Ultimate Team-Up Pic
Christina Aguilera, Melissa McCarthy Hit High Notes In James Corden's "Carpool Karaoke Primetime Special"
Latest Business News
- ‘The Equalizer 2’s Antoine Fuqua, Jason Blumenthal On Franchise Potential & How The Film Speaks To Women…
- Former Participant Media CEO Jim Berk Exits PodcastOne Top Job
- ‘Summer: The Donna Summer Musical’ Review: Broadway’s Last Days Of Disco
- Verve Launches Publishing Division And Hires Lit Agent Liz Parker To Run It
- Google Parent Alphabet’s Earnings Beat Expectations, Investors Still Worry About Advertising Outlook, Gov’t Regulation…
- Avicii Family’s Statement: “So Grateful For Everyone Who Loved Tim's Music”