Sign up Australia
Proactive Investors - Run By Investors For Investors

Lionsgate reports better-than-expected third quarter

Strong income from blockbusters Wonder, LaLaLand and American Assassin helped Lionsgate Entertainment Corp’s (NYSE:LGF) third quarter revenue soar to US$1.14bn, up 52%.
Entertainment
Lionsgate resumed its quarterly cash dividend

Strong income from blockbusters Wonder, LaLaLand and American Assassin helped Lionsgate Entertainment Corp’s (NYSE:LGF) third quarter revenue soar to US$1.14bn, up 52%.

"Our strong performance in the quarter, with robust contributions from our Motion Picture Group and Starz, keeps us on track for our fiscal year expectations," said Jon Feltheimer, chief executive.

Motion Picture revenues increased 14% to US$539.1mln due to strong domestic theatrical box office performance.

The media Networks segment income reached US$382.9mln, up by 6%. TV content group Starz’s led the improvement.

Adjusted operating income was US$178mln, compared to US$86mln in the prior year quarter.

With this financial strength company resumed its quarterly cash dividends of US$0.09 per share.

View full LGF profile View Profile

Lions Gate Entertainment Timeline

Newswire
November 11 2015

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use