The company says that The Hunger Games: Catching Fire helped it to generate record profit margins in the last three months of 2013, its fiscal Q3. The basic numbers look strong with net income of $88.8M, +134.6% vs the period last year, on revenues of $839.9M, +13%. The top line exceeded forecasts for $834M. And diluted earnings at 59 cents a share were well ahead of the consensus prediction of 44 cents. Motion Picture segment revenues were +12% to $757.6M as theatrical revenue increased 44% to $277.6M, a quarterly record. But home entertainment slipped 13.9% to $200.7M as the company had just three releases at the end of 2013 vs six the previous year. TV licensing for the Motion Picture unit increased 7% to $105.8M with titles including the Twilight Saga: Breaking Dawn –Part 2, Snitch, and Temptation: Confessions Of A Marriage Counselor. And licensing deals with streaming services including Netflix, Amazon and Hulu helped filmed entertainment library revenues to rise 10% $148.6M. The Television Production business also did well with shows including Anger Management, Nashville, and Orange Is The New Black, with revenues +17% to $82.3M. “We will continue to invest in content and embrace innovative models for licensing that content to digital and traditional platforms alike in order to build on this performance and create additional long-term value for our shareholders,” CEO Jon Feltheimer says.
Lionsgate Year-End Earnings Feast On ‘Hunger Games’ To Beat Analyst Estimates
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
More From Lieberman
- North Korea “Responsible” For Sony Hack, FBI Confirms
- Movie Theater Stocks Rebound After Chains Jettison 'The Interview'
- Lionsgate Sought Deal Talks With Sony Hacked Emails Reveal
- 'The Interview' NYC Premiere Canceled
- Barry Meyer Named To Federal Reserve Bank's Board In San Francisco