Lionsgate Revenue Rises 41% to $668 Million Thanks to ‘Michael,’ Resurgent TV Division
"The Studio" and "Power: Origins" were among the shows that drove increased episode deliveries The post Lionsgate Revenue Rises 41% to $668 Million Thanks to ‘Michael,’ Resurgent TV Division appeared first on TheWrap .
Lionsgate's revenue surged 41% to $668 million in the latest quarter, driven by the box office and streaming success of "Michael" and a resurgence in its TV division, the company announced. Film revenue climbed 30% year-over-year to $359.3 million, with segment profit reaching $88.7 million, thanks to the blockbuster film and rising library revenue.
On the TV side, Lionsgate's commitment to delivering more episodic content is starting to bear fruit, with a 56% increase in revenue to $309.5 million and a 73% jump in segment profit to $21.6 million. The studio's long-promised rise in scripted programming is expected to double in fiscal 2027 compared to last year. Lionsgate's adjusted earnings per share (EPS) came in at 7 cents, beating Wall Street's forecast of a 3-cent loss, as the company's fiscal 2027 plan begins to materialize.
With a strong performance in the quarter, Lionsgate CEO Jon Feltheimer expressed confidence in the company's growth trajectory for the next two fiscal years.
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