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06.02.2020 22:10
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LIONSGATE REPORTS RESULTS FOR THIRD QUARTER FISCAL 2020
Eine Tageszeitung (Symbolbild).
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PR Newswire
SANTA MONICA, Calif. and VANCOUVER, British Columbia, Feb. 6, 2020
SANTA MONICA, Calif. and VANCOUVER, British Columbia, Feb. 6, 2020 /PRNewswire/ -- Global content leader Lionsgate (NYSE: LGF.A, LGF.B) today reported revenue of $998.5 million and a net loss attributable to Lionsgate shareholders of $91.2 million, or fully diluted loss per share of $0.42, on 218.0 million diluted weighted average common shares outstanding for the quarter ended December 31, 2019. Adjusted net income attributable to Lionsgate shareholders was $31.7 million, or adjusted diluted earnings per share of $0.14, operating loss was $39.5 million, and adjusted OIBDA was $124.0 million. The Company generated cash flow from operations of $215.9 million and adjusted free cash flow of $88.4 million.
As the Company continues to expand its streaming business, global subscribers from Starz, STARZPLAY Arabia and PANTAYA reached 28.5 million in the quarter and global OTT subscribers reached 8.6 million. The overall global total reflected an increase of 2.1 million subscribers, up 8% year-over-year. Total Media Networks domestic subscribers were down 1.2 million year-over-year to 24.1 million.
"Our Motion Picture Group turned in a strong performance in the quarter, led by the worldwide box office success of Knives Out, while our Television Group secured a number of important scripted series and pilot commitments and Starz continued to grow its over-the-top platform worldwide," said Lionsgate CEO Jon Feltheimer. "Our STARZPLAY international rollout remains on track to achieve financial and subscriber targets that we expect to translate into meaningful incremental value creation."
The Company has projected STARZPLAY international subscriber growth to between 15 and 25 million over the next five years.
Segment Results
Media Networks segment revenue was up 4.3% from the prior year quarter at $382.4 million while segment profit declined 23.9% to $102.1 million driven by our investment in STARZPLAY International.
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Motion Picture segment revenue increased by 30.7% to $473.9 million compared to the prior year quarter and segment profit was $49.0 million reflecting the strong theatrical performance of Knives Out, which is expected to top $300 million at the worldwide box office, as well as the continued outsized ancillary performance of John Wick: Chapter 3 – Parabellum.
Television Production segment revenue was $189.4 million and segment loss was $5.7 million, primarily due to the timing of production schedules and episodic deliveries, including development costs and deficits for new series.
Lionsgate senior management will hold its analyst and investor conference call to discuss its fiscal 2020 third quarter results at 5:00 PM ET/2:00 PM PT this afternoon, February 6. Interested parties may listen to the live webcast by visiting the events page on the Lionsgate corporate website or via https://services.choruscall.com/links/lgf2002060GRtqcRs.html. A full replay will become available later this afternoon by clicking the same link.
ABOUT LIONSGATE
The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world. In addition to its filmed entertainment leadership, Lionsgate content drives a growing presence in interactive and location-based entertainment, gaming, virtual reality and other new entertainment technologies. Lionsgate's content initiatives are backed by a nearly 17,000-title film and television library and delivered through a global licensing infrastructure. The Lionsgate brand is synonymous with original, daring and ground-breaking content created with special emphasis on the evolving patterns and diverse composition of the Company's worldwide consumer base.
For further information, investors should contact:
James Marsh
310-255-3651
jmarsh@lionsgate.com
For media inquiries, please contact:
Peter Wilkes
310-255-3726
pwilkes@lionsgate.com
The matters discussed in this press release include forward-looking statements, including those regarding the performance of future fiscal years. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the substantial investment of capital and increased costs required to produce and market films and television series; budget overruns; limitations imposed by our credit facilities and notes; unpredictability of the commercial success of our motion pictures and television programming; risks related to acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending our intellectual property; technological changes and other trends affecting the entertainment industry; other trends affecting the entertainment industry; and the other risk factors as set forth in Lionsgate's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 6, 2020. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
Additional Information Available on Website
The information in this press release should be read in conjunction with the financial statements and footnotes contained in the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2019, which will be posted on the Company's website at http://investors.lionsgate.com/financial-reports/sec-filings, when filed with the Securities and Exchange Commission. Trending schedules containing certain financial information will also be available at http://investors.lionsgate.com/governance/governance-documents.
| LIONS GATE ENTERTAINMENT CORP. | |||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| | |||||||
| | December 31, | | March 31, | ||||
| | (Unaudited, amounts in millions) | ||||||
| ASSETS | | | | ||||
| Cash and cash equivalents | $ | 195.5 | | | $ | 184.3 | |
| Accounts receivable, net | 597.7 | | | 647.2 | | ||
| Program rights | 243.4 | | | 295.7 | | ||
| Other current assets | 173.5 | | | 267.2 | | ||
| Total current assets | 1,210.1 | | | 1,394.4 | | ||
| Investment in films and television programs and program rights, net | 1,536.3 | | | 1,672.0 | | ||
| Property and equipment, net | 145.0 | | | 155.3 | | ||
| Investments | 31.8 | | | 26.2 | | ||
| Intangible assets | 1,763.2 | | | 1,871.6 | | ||
| Goodwill | 2,833.5 | | | 2,833.5 | | ||
| Other assets | 439.8 | | | 436.1 | | ||
| Deferred tax assets | — | | | 19.8 | | ||
| Total assets | $ | 7,959.7 | | | $ | 8,408.9 | |
| LIABILITIES | | | | ||||
| Accounts payable and accrued liabilities | $ | 509.8 | | | $ | 531.2 | |
| Participations and residuals | 418.0 | | | 408.5 | | ||
| Film obligations and production loans | 286.8 | | | 512.6 | | ||
| Debt - short term portion | 65.0 | | | 53.6 | | ||
| Deferred revenue | 141.4 | | | 146.5 | | ||
| Total current liabilities | 1,421.0 | | | 1,652.4 | | ||
| Debt | 2,710.8 | | | 2,850.8 | | ||
| Participations and residuals | 406.6 | | | 479.8 | | ||
| Film obligations and production loans | 110.4 | | | 143.1 | | ||
| Other liabilities | 266.6 Werbung Mehr Nachrichten zur Lions Gate Entertainment Aktie kostenlos abonnieren
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