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Lionsgate posts higher revenues, global subscriber growth in Q3

Lionsgate revenues rose to US$998.5 million for the third quarter of 2020 — up from $984 million in Q2 — as global subscribers to Starz, Starzplay Arabia and Plantaya reached 28.5 ...
February 7, 2020

Lionsgate revenues rose to US$998.5 million for the third quarter of 2020 — up from $984 million in Q2 — as global subscribers to Starz, Starzplay Arabia and Plantaya reached 28.5 million.

The entertainment company’s revenues for the nine months ended Dec. 31, 2019 came to $2.95 billion — up from $2.77 billion from the year prior.

The overall total of global subscribers jumped 2.1 million, up 8% year over year. Global OTT subscribers landed at 8.6 million, and Total Media Networks domestic subscribers were down 1.2 million year-over-year to 24.1 million.

Lionsgate projects Starzplay international subscriber growth of between 15 to 25 million over the next five years.

Media Networks segment revenue — which includes Starz Networks, Starzplay and streaming services — was up 4.3% from the prior year quarter, sitting at $382.4 million, while segment profit declined 23.9% to $102.1 million, largely driven by Lionsgate’s investment in Starzplay International.

The company reported revenue of $189.4 million for its Television Production segment, with a loss of$5.7 million primarily due to the “timing of production schedules and episodic deliveries, including development costs and deficits for new series.” The segment represents the development, production and global distribution of TV series, movies, mini-series and non-fiction programming.

Adjusted earnings per share (EPS) attributable to the company’s shareholders landed at $0.14, down from $0.22 in Q2.

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