The studio, led by CEO Jon Feltheimer, unveiled its latest financial results on Thursday as Starz global subscriber base jumped to 26.5 million.
Lionsgate on Thursday unveiled first-quarter financial results that posted a loss on higher overall revenues and Starz continuing to grow with 400,000 new domestic streaming subscribers to get to 4.4 million in all.
The diluted loss per share was 25 cents, against a 4 cents a share loss for the three months before June 30 last year. The adjusted diluted earnings per-share loss of 2 cents beat a consensus loss of four cents. “We’re pleased to report strong financial results in the quarter and a great start to the fiscal year,” Lionsgate CEO Jon Feltheimer said in a statement ahead of an analyst call. “All of our businesses are performing well.
Lionsgate during the latest quarter saw media network revenue, which mostly consists of Starz, rise 5 percent to $372.4 million, compared to a a year-earlier $355 million.
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